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Stock impact report

JMM: Discount Widening On This Multi-Sector Fixed-Income Fund [Seeking Alpha]

Nuveen Multi-Market Income Fund (MA) (JMM) 
Company Research Source: Seeking Alpha
JMM's discount has widened substantially, presenting a near-term value opportunity, with easing borrowing costs given lower short-term rates. Distribution coverage has improved to ~87% most recently, aided by those reduced leverage expenses and stabilized net investment income. I generally lean toward JMM being a "Buy" given its attractive discount, improved coverage, and favorable rate environment for investment-grade exposure. This idea was discussed in more depth with members of my private investing community, CEF/ETF Income Laboratory. Learn More » ekinyalgin/iStock via Getty Images Written by Nick Ackerman, co-produced by Stanford Chemist Nuveen Multi-Market Income Fund ( JMM ) is a closed-end fund that provides exposure to a basket of fixed-income securities. The largest allocation is to high-yield corporates, but the credit quality tilts toward higher-quality, investment-grade securities More on my IG service At the CEF/ETF Income Laboratory , we manage closed- Show less Read more
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