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VGI - Virtus Global Multi-Sector Income Fund Results Justify Skipping This CEF
Virtus Global Multi-Sector Income Fund of Beneficial Interest
Virtus Global Multi-Sector Income Fund invests, as the name implies, in fourteen sectors of the Global Fixed Income market.
VGI's strategy of trying to be in multiple sectors has the fund underperforming single-focused funds and many of its multi-sector competitors. Even income-seekers might have better choices.
After comparing VGI to other fund choices in the High-Yield space, I give this CEF a Bearish rating at best. Recent history shows 50% of the payout is from Return-of-Capital.