John Cole Scott breaks down recent media recommendations on CEFs

When closed-end funds catch mentions in the mainstream media, the recommendations often focus on yield without digging deeper. In this episode of The NAVigator, John Cole Scott, President of CEF Advisors, looks at some recent closed-end fund recommendations from articles on Forbes and Seeking Alpha, and breaks down how those funds do through the "trifecta analysis" his firm uses to select funds, pointing out the shortcomings of using a rigid criteria or focusing on partial information to make decisions. Scott, who also is the chairman of the Active Investment Company Alliance, offers suggestions for what he would use in portfolios in place of the media recommendations.