2022 Year in Review: Promising opportunities arise from tough times

John Cole Scott, chief investment officer at Closed-End Fund Advisors -- the chairman of the Active Investment Company Alliance -- takes a look back at the challenging times experienced by the closed-end fund industry this year, noting that all the news wasn't bad despite slower-than-expected growth for the industry and bigger-than-anticipated losses on the market. His basket of five funds for 2022 came out ahead of the market and, like many parts of the industry, is poised to rebound in the new year.