CEF Weekly Review: Lazy, Hazy Summer

Joe Eqcome submits:

The 13 closed end fund (CEF) types on average were up 0.3% for the week ending 8/14/09. The S&P 500, as measured by the SPDR S&P 500 ETF (SPY), registered a decline of 0.4%. On an aggregate, unweighted basis, the weekly price increase for 634 CEFs was also up 0.3%.

The weighted 51 CEFs comprising the Claymore CEF Index registered an average declined 0.5% for the week. The 634 CEFs’ aggregate, unweighted current distribution yield is 7.5% and is trading at a 4.2% discount. Year-to-date, CEFs on average have extended their price appreciation to 34.5%%. (Click here for YTD CEF performance.)

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