No other asset class in the markets offers two such valuation

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iphone x cases CEFs at discounts mean that their market prices trade lower than their NAVs while CEFs at premiums means their market prices trade higher than their NAVs. No other asset class in the markets offers two such valuation measures, each of which can be followed daily. NOTE: CEF listing is as of 6/30/16 and will change with each trading day.Now if you believe that a fund’s NAV is the true value of the fund, its liquidation value if you will, then you must believe that funds that trade at discounts are deserving of a valuation lower than their liquidation value and funds trading at premiums are somehow worthy of a market price higher than their liquidation value.That’s assuming of course, two things. iphone x cases

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