ECAT - TBLD: Multi-Asset Fund Trading At A Tempting Discount
2024-06-04 13:38:48 ET
Summary
- Thornburg Income Builder Opportunities Trust is a multi-asset closed-end fund trading at an attractive discount to its net asset value.
- TBLD has performed well and outperformed the iShares Morningstar Multi-Asset Income ETF since our last update.
- The fund offers a decent distribution yield and provides significant diversification through the flexibility in its investment strategy.
- TBLD could be an alternative CEF choice should ECAT and BCAT get taken over and change strategies in the future.
Written by Nick Ackerman, co-produced by Stanford Chemist.
Is your multi-asset closed-end fund under attack from an " activist hedge fund" group? The Thornburg Income Builder Opportunities Trust ( TBLD ) is another option on the market in this space that's also worth taking a look at....
TBLD: Multi-Asset Fund Trading At A Tempting Discount