My "Go-To" Way to Beat SPY, Bag 8%+ Yields
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
Performance of Closed-End Funds (CEFs): The Adams Diversified Equity Fund (ADX) has delivered a 204.3% return since its recommendation, outperforming the S&P 500 index fund, while other CEFs like PIMCO Dynamic Income Fund (PDI) and Nuveen AMT-Free Quality Municipal Income Fund (NEA) also show significant gains and higher yields compared to their respective benchmarks.
Investment Opportunities in CEFs: Despite their strong performance and high yields, CEFs remain underappreciated by investors due to low awareness and misaligned incentives, presenting a unique opportunity for those willing to explore this investment niche.
Analyst Views on NEA
Wall Street analysts forecast NEA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NEA is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 11.760
Low
Averages
High
Current: 11.760
Low
Averages
High
No data
About NEA
Nuveen AMT-Free Quality Municipal Income Fund (NEA) is a diversified, closed-end management company. The Fund’s investment objectives are to provide current income exempt from regular federal income tax and federal alternative minimum tax applicable to individuals, and to enhance portfolio value relative to the municipal bond market by investing in tax-exempt municipal securities, which the Fund’s investment adviser believes are underrated or undervalued or that represent municipal market sectors that are undervalued. The Fund may invest at least 80% of its Assets (as defined below) in municipal securities and other related investments, which pay interest exempt from regular federal income tax. Additionally, the Fund may invest at least 80% of its Assets in a portfolio of securities, the income from, which is exempt from the federal alternative minimum tax applicable to individuals. Investment advisor of the Fund is Nuveen Fund Advisors, LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
