Equity valuation spreads continue to widen and are approaching levels last seen during the dot-com bubble. Our research suggests this may portend a significant opportunity for value stocks.

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In a world characterized by low yields, low economic growth, and low expected returns, many closed-end funds offer distinctive features that may be particularly suited to address these challenges.

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While the Brexit will likely weigh on the U.K. economy, the impact on U.K.-based multinationals will be much less pronounced—and recent volatility may have created opportunities.

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