Jonathan Browne, a portfolio manager at RiverNorth Capital specializing in closed-end municipal bond funds, shares his insights on investment opportunities in this niche market. He sheds light on the unique structure of closed-end funds compared to mutual funds and ETFs. Browne discusses expected yields and how discounts to net asset value present a contrarian investment strategy. He also addresses the risks posed by rising interest rates and inflation, while emphasizing how the current environment could favor savvy investors.