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Posted by
Two Blokes Jul 12 -
Filed in
Stock
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6 views
FFC's yield and total return lag behind peer-preferred CEFs, in direct contradiction to the fund's popularity. The fund's yield is barely above that of the domestic preferred stock index, so it offers little premium for the higher volatility. Recent outperformance versus the index may have been driven by foreign holdings benefiting from currency moves as the U.S. dollar continues its descent.
