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IGD - IGD: Another Fund That Pays Out More Than It Makes
Voya Global Equity Dividend and Premium Opportunity Fund
The Voya Global Equity Dividend and Premium Opportunity Fund (IGD) looks to be another in a long line of funds marketed to investors based on income but generating sub-par total returns and poor risk-adjusted returns. Investors, even those seeking income, are best served looking elsewhere.
IGD Overview and Performance
IGD is a closed-end fund that, according to the Voya website, “... seeks a high level of income; capital appreciation is secondary.” It’s fine to focus on income so long as the fund is actually generating income and not just returning existing capital