AIO - Equity CEFs/ETFs: Raising AIO's 12-Month Target Price To $32

• After raising the Virtus-AllianzGI Artificial Intelligence & Technology Opportunities Fund (AIO) target price from $25 to $28 last year, I'm raising again to $32 as the technology sector firms up.
• Because despite AIO's name and a 46.6% rise in its NAV in 2020, third best out of all 100 equity CEFs I follow, you'd be surprised how diversified AIO really is.
• No other fund I see combines the NAV growth potential with a surprisingly diversified portfolio of innovative technology stocks, value stocks and even debt convertible securities.
• This is why I say you can take a large position in AIO because it has shown that it can weather any particular sector downturn with its diversity.
• For example, when technology stocks and the Nasdaq-100 dropped from all-time-highs into a -10% correction just five weeks ago, AIO's NAV never went negative on the year.

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