Invesco CEF Income Composite ETF (PCEF) — ()

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PCEF: Still A Sell On A Relative Value Basis

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Sentiment: Neutral ()

PCEF is a passive fund-of-funds ETF, mainly extracting dividends from closed-end funds. While PCEF offers decent long-term returns and yield, it lacks the active management needed to exploit CEF market …

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image for news PCEF: Still A Sell On A Relative Value Basis
VIDEO: ETF of the Week: PCEF

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Sentiment: Neutral ()

On this week's episode of “ETF of the Week,” Chuck Jaffe of “Money Life” discussed the Invesco CEF Income Composite ETF (PCEF) with Roxanna Islam, head of sector and industry …

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15 Years of PCEF: An ETF of CEFs

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Sentiment: Neutral ()

The Invesco CEF Income Composite ETF (PCEF), the oldest and largest ETF of closed-end funds, celebrated its 15th anniversary last week. With close to $830 million in assets, it stands …

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image for news 15 Years of PCEF: An ETF of CEFs
Very Bad News For Closed-End Funds

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Sentiment: Negative ()

Closed-end funds offer unique opportunities due to their discount/premium mechanisms, allowing share prices to deviate from net asset value per share in a wild manner. In general, CEFs often provide …

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image for news Very Bad News For Closed-End Funds

About Invesco CEF Income Composite ETF PCEF

The Invesco CEF Income Composite ETF (Fund) is based on the S-Network Composite Closed-End Fund IndexSM (Index). The Fund will normally invest at least 90% of its total assets in securities of funds included in the Index. The Fund is a "fund-of-funds," as it invests its assets in the common shares of funds included in the Index rather than in individual securities. The Index currently includes closed-end funds that invest in taxable investment grade fixed-income securities, taxable high yield fixed-income securities and others that utilize an equity option writing (selling) strategy. The Fund and the Index are rebalanced and reconstituted quarterly