BOE - IGA: Time To Trim This Covered Call Fund
2024-07-19 10:30:22 ET
Summary
- IGA is a global equity covered call fund with 65% US equities and 35% international securities, focusing on income generation.
- The fund uses call options on indices/ETFs, hedges about 50% of the portfolio, and employs currency hedging for NAV stability.
- IGA's performance has been resilient, with slight underperformance compared to the S&P 500, showing defensive characteristics in volatile markets.
- A low VIX is not the best environment for a covered call fund like IGA.
- The IGA discount is below average now.
IGA is a global equity covered call fund that invests about 65% in US equities and 35% in international securities. It invests in solid companies that earn a good income stream....
IGA: Time To Trim This Covered Call Fund