EXG - ETW And EXG: Globally Diversified Call Writing Funds
2024-04-07 11:02:42 ET
Summary
- Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) and Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG) both present attractive valuations and provide some global diversification.
- Both funds utilize an index call writing strategy, though the percentage overwrite target is different and the underlying benchmarks are different as well.
- These funds deliver attractive monthly distributions to their investors as well, with recent increases being announced from the lineup of Eaton Vance equity funds.
Written by Nick Ackerman, co-produced by Stanford Chemist.
Eaton Vance offers a lineup of closed-end funds that focus on writing call options against indexes. These are all mostly similarly named funds that can be a bit difficult to decipher from the title alone what sets them apart. We've covered a number of these funds now and compared them, highlighting their similarities but also their sometimes subtle differences. Eaton Vance also has a handy breakdown for quick reference between the funds as well.
With Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund ( ETW ) and Eaton Vance Tax-Managed Global Diversified Equity Income Fund ( EXG ), we are once again looking at two similarly named funds where the description of the names don't tell us exactly what is going on under the surface....
ETW And EXG: Globally Diversified Call Writing Funds