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IGD - Evaluating Closed-End Funds: IGD Is A Risky Bet That Its Turnaround Will Last
Voya Global Equity Dividend and Premium Opportunity Fund
IGD offers an attractive yield near 8%. But only if it can sustain the distribution.
I continue my series looking at CEFs beyond just the yield.
One year of distribution coverage doesn't offset years of poor coverage.
Buying the fund at this point is placing a risky bet that it will be able to continue its performance over the last year and not return to its performance level over the last decade.