Investment Grade And Government Bond CEFs' Turn To Shine [Seeking Alpha]
MFS Intermediate Income Trust (MIN)
US:NYSE Investor Relations:
mfs.com/en-us/individual-investor/product-strategies/closed-end-funds/min-mfs-intermediate-income-trust.html
Company Research
Source: Seeking Alpha
SummarySticking to a long-term plan can be hard in good times but pays off in bad times.Investment grade and government bond CEFs were lackluster in 2019 but shine in early 2020.Each fund has its role to play in a diversified CEF portfolio.We look specifically at how two such funds performed in their roles before and after the coronavirus nosedive.If this coronavirus-induced nosedive has driven home anything, it's "stick to the plan, in good times and bad."Last year, when the markets were surging upward, I was tempted again and again to trade out of a few of my funds whose market yield had dropped below 7%. There were so many other CEFs with distributions at 8% or higher - it was a tempting switch.However, diversification is a key component ofmy investment strategyThat day came in March 2020. COVID-19 went global and the markets tanked. CEFs were hit especially hard - as they usually are in these scenarios - as investors panicked and ran for the hills. Little was spared.Even so, the b
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