The role of closed-end funds in the changing 60-40 portfolio

With many experts questioning the validity of classic investment allocations, Patrick Galley of RiverNorth Capital Management discusses how closed-end funds fit into the standard 60-40 stocks/fixed-income mix as a way for investors to get more from the bond side of the equation without actually changing their broad asset plan. He also discusses how current market times -- with the threat of rising interest rates and inflation mixing with lingering discounts from the market meltdown of early 2020 make for interesting opportunities now as both a closed-end fund investor and for fund sponsors.