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CLOSED-END FUND ADVISORS LAUNCHES MONTHLY BEST IDEAS LIST — Research Support Focused on Breakaway Brokers and Independent RIA Firms

by on November 20, 2013

Richmond, VA, November 20, 2013 – Closed-End Fund Advisors (“CEFA”) now offers a monthly “Best Ideas List” covering closed-end funds. The service is in addition to the firm’s already established research related services; a “Daily CEF News Alert” email and “CEFA’s Closed-End Fund Universe”, a weekly collection of fundamental and technical data on all US listed Closed-End Funds (“CEF”) with a XLS file containing 120 data points and two PDF files. One PDF contains summary charts and one has individual fund data, peer-group data and 42 preset screens. The launch of CEFA’s Best Ideas List builds to their position as one of the top providers of US listed CEF data.

CEFA focuses its analysis on three factors: 1. NAV or the manager’s total return, 2. Dividend confidence or sustainability and 3. Relative pricing for the fund, or what CEFA believes to be a “good” discount to NAV. They pay attention to liquidity when selecting funds and generally look for CEFs that trade at least $500K per day. This allows for about 62% of all CEFs to be considered. In addition, before a fund can make the list, CEFA conducts manager, fund sponsor and board due diligence.

The service will cover 35-45 funds: 5 US Equity Funds, 6 Non US Equity Funds, 6 Specialty Equity (Sector) Funds, 6 Taxable Bond Funds, 6 National Municipal Bond Funds, 5 New York State Municipal Funds, Top Activist Targets, January Effect / Tax Loss Selling Targets in the November & December issues. This equals approximately 5%-7% of available US listed CEFs.

“We developed this service to fill a void in the CEF sector. Many advisors don’t have access to research from CEF analysts, need more guidance and summarization of our weekly data and wanted more focused help in working with their clients” says founder, John Cole Scott.

The service’s cost is $645 per quarter or $2,065 annually. CEFA limits access to 50 subscribers in order to reduce the market impact of the list. There isn’t a trial, but if requested, the layout of the report is available and CEFA offers pro-rated refunds on all of their services.

CEFA is an investment advisory firm that has specialized in CEF research and trading for almost 25 years. The firm publishes The Scott Letter: Closed-End Fund Report, a free newsletter containing in-depth CEF manager interviews. The firm offers managed accounts on a discretionary basis as well as research related services. They can also work as a one-time or ongoing fractional CEF analyst or as a sub-advisor for investment professionals. They hold a live quarterly research call on the CEF sector with recent trends and their outlook for next quarter. The sessions are archived at for replay.


If you would like more info on this topic, or to schedule an interview with John Cole Scott, please call Jennifer Campbell at (804) 381-4001 or email Jennifer at

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