The $3.6 billion Nuveen AMT-Free Quality Municipal Income Fund (NEA) is the largest tax-exempt closed-end fund (CEF) in the world. Jim Robinson, portfolio manager for the Robinson Tax-Advantaged Income Fund, suggests investors make it even bigger. "It has a trailing 5-year annualized NAV return of 6.54% versus 4.63% return for municipal bond indices. Plus, its current discount is 4% wider than the average fund in the universe," said Robinson. Robinson is also bullish on John Hancock Investors Trust (JHI) , which has historically traded at an average premium of 1.6% the past 5 years, but is now trading at a 7.6% discount. Robinson is positive on the Blackstone/GSO Strategic Credit Fund (BGB) , which sports a 12% discount, one of the widest discounts in senior bank loan funds. Finally, Robinson is a fan of the Western Asset High Income Fund II (HIX) which has traded at an average premium of 1% over the past 5 years and now trades at a 6.6% discount.
More from Video
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Breaking down an approach to the long side of this biotech stock.
AMSC CEO discusses that and China challenges.
One of pharma's biggest CEO's talks M&A action on the exchange.