The $3.6 billion Nuveen AMT-Free Quality Municipal Income Fund (NEA) is the largest tax-exempt closed-end fund (CEF) in the world. Jim Robinson, portfolio manager for the Robinson Tax-Advantaged Income Fund, suggests investors make it even bigger. "It has a trailing 5-year annualized NAV return of 6.54% versus 4.63% return for municipal bond indices. Plus, its current discount is 4% wider than the average fund in the universe," said Robinson. Robinson is also bullish on John Hancock Investors Trust (JHI) , which has historically traded at an average premium of 1.6% the past 5 years, but is now trading at a 7.6% discount. Robinson is positive on the Blackstone/GSO Strategic Credit Fund (BGB) , which sports a 12% discount, one of the widest discounts in senior bank loan funds. Finally, Robinson is a fan of the Western Asset High Income Fund II (HIX) which has traded at an average premium of 1% over the past 5 years and now trades at a 6.6% discount.

More from Video

Do Human Investors Need to Beware of the Rise of the Machines?

Do Human Investors Need to Beware of the Rise of the Machines?

How Card Security Is Rapidly Changing for the Future: MasterCard Executive

How Card Security Is Rapidly Changing for the Future: MasterCard Executive

Hey Millennials, It's Time to Prep for Retirement

Hey Millennials, It's Time to Prep for Retirement

Uber vs. Lyft: The Tale of Two Ride-Hailing Companies Going Public in 2019

Uber vs. Lyft: The Tale of Two Ride-Hailing Companies Going Public in 2019

Gold To Test $1,350 In 2019; Risks Are To Upside

Gold To Test $1,350 In 2019; Risks Are To Upside