BIT - BIT: The Slightly Imperfect One To Marry?
In my previous article, we discussed the Guggenheim Strategic Opportunities Fund (GOF). I titled the article "GOF - The 'Hot' Girl You Shouldn't Marry" because while it is a very interesting fund with an exciting strategy and managers at the helm, there are ultimately too many risks present in the fund today, not to mention the near record premiums over its net asset value.
One alternative which we identified during research is the BlackRock Multi-Sector Income Trust (BIT). It shares a similar strategy although it is trading at a significant discount.