SPE: Stick With This Activist CEF As They Deliver On Recent Performance
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Special Opportunities Fund (SPE) has outperformed the S&P 500 in 2024 with a total return of nearly 39%. Bulldog Investors' activist efforts have helped narrow discounts in CEFs, potentially boosting SPE's performance further into 2025. Despite high fees, SPE's rising net assets and improved performance suggest a sustainable high distribution policy.
November 29, 2024 | 9:30 am
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Special Opportunities Fund (SPE) has delivered a 39% return in 2024, outperforming the S&P 500. Activist campaigns by Bulldog Investors have narrowed discounts in CEFs, potentially enhancing SPE's performance further into 2025.
SPE's significant outperformance compared to the S&P 500 and the successful activist campaigns by Bulldog Investors suggest a positive outlook. The narrowing of discounts in CEFs and potential for further narrowing into 2025 indicate continued strong performance. Despite high fees, the rising net assets and improved performance support a sustainable high distribution policy, which is attractive to investors.
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