On my watchlist of 39 closed-end funds that I do not own, eight are now in positive territory YTD: GIM, DUC, AWF, GHI, EDF, JPS, ERC and JTP.

Worst perfomers on the watch list are: EMF, CEE, TDF and IIF.

Conclusion: emerging markets equities are in the celler whereas emerging markets bonds are in the penthouse!

Jagor