It's a puzzlement
I just received an email from a financial institution that has been trying to recruit us to utilize its funds and services with my clients and prospects. In the email, it says: “In today’s market environment, investors continue to pursue consistent, tax-advantaged income strategies that have the potential to offer attractive levels of income. (Omitted)’s strategies are uncovering discounted fixed income assets among closed end funds, and are implementing hedges to mitigate the risks of rising interest rates. Actively managed portfolios of these closed-end funds seek to offer investors the income, liquidity and lower risk opportunities they seek.” Say what? It all sounds complicated, sophisticated and vaguely good, doesn’t it? And I am sure many of my peers are going to jump on the call, all looking for a way to deliver some kind of stable income for their clients. It's a puzzlement














