BMEZ - BME: Discount Widens Substantially Creating An Opportunity
2024-04-14 09:12:24 ET
Summary
- BlackRock Health Sciences is trading at a discount not seen since the Global Financial Crisis, creating a potentially strong opportunity at this time.
- BME is a healthcare-focused fund with a stable underlying portfolio that employs a covered call writing strategy.
- BME's distribution has never been cut since its inception going back to 2005, and despite some softer performance, it doesn't look at risk either.
Written by Nick Ackerman, co-produced by Stanford Chemist.
BlackRock Health Sciences ( BME ) was a closed-end fund that had regularly enjoyed trading at premiums throughout most of the last decade. Over the last year, that began to change, and a discount started to open up. That includes our prior coverage , where the discount was pushing closer to 6%. Today, the discount has blown out even wider - to discount levels we haven't seen since the Global Financial Crisis....
BME: Discount Widens Substantially Creating An Opportunity