CEF Advisors' Scott on discounts, wildfires, benchmarks and more

John Cole Scott, chief investment officer at Closed-End Fund Advisors — the chairman of the Active Investment Company Alliance — brings his data and portfolio-management methods back to The NAVigator to answer questions from listeners, covering concerns for California municipal bond funds in the wake of recent wildfires, how a steepening yield curve will impact discount levels, why investors shouldn't worry if closed-end funds don't appear to be keeping up with the stock market, and how historical levels of returns for closed-end funds compare to traditional mutual funds and other alternatives.