URTH - EXG: This Global Equity Income Fund Increased Monthly Distributions, Now Yields 9%+
2025-01-26 19:45:39 ET
Summary
- Eaton Vance Tax-Managed Global Diversified Equity Income Fund offers a 9.23% yield, trades at an -8.54% discount to NAV, and focuses on dividend-paying stocks and call options.
- EXG underperformed its MSCI World Index benchmark in Q3 2024 due to poor stock selection in IT, consumer staples, and communication services sectors.
- Despite historical underperformance, EXG's increased distributions and narrowing discount present an attractive entry point for conservative income investors seeking 7-8% average annual returns.
- Global uncertainties and geopolitical disruptions may impact 2025 performance, but EXG remains a strong candidate for income portfolios with its current yield and discount.
In my recent article that covered the basics of investing in some of the covered call income funds that are available for investors to choose from, I mentioned several CEFs (closed end funds) from Eaton Vance that have been available to investors for many years. In fact, currently EV offers eight different equity option funds according to the latest fund commentary from their Quarterly Investment report dated September 30, 2024....
EXG: This Global Equity Income Fund Increased Monthly Distributions, Now Yields 9%+