GDO News and Press, Western Asset Global Corporate Defined Opportunity Fund Inc. From 04/21/21

As Q1 comes to an end, we take a look at the performance of the CEF market year-to-date. We also take a look at the key drivers of CEF discounts going forward. And focus, in particular, on how CEF performance is likely to pan out relative to open-end funds in the current environme...

Taxable bond CEFs are now at their tightest levels of the last eight years going back to 2012-early 2013. There's not much juice left. That doesn't mean that we need to sell out of CEFs, we just need to be more prudent and vigilant. That includes re-positioning to the best ideas along...

We take a look at a majority investment-grade credit CEF GDO which ticks a few boxes for income investors. The fund has a 2/3 IG allocation, attractive discount valuation, a term structure that could provide a tailwind and a measure of discount control. The fund also boasts strong...

I have tried to reduce my overall CEF allocation- I continue to make some rotational trades into areas of the marketplace I think are best positioned for gains. Recent moves include trimming overvalued and overweighted multisector funds like PDI/PCI. I have also reduced some of my hig...

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE: GDO) today announced the financial position of the Fund as of January 31, 2021. Footnotes: (a) The difference between total assets and total net assets is due primarily to the Fund’s use of borrowings; tota...

Legg Mason Partners Fund Advisor, LLC announced today that certain closed end funds have declared their distributions for the months of March, April, and May 2021. The following dates apply to the distribution schedule below: Western Asset Municipal Defined Opportunity Trust I...

China is in a stronger position at the beginning of 2021 than it was a year ago. The European Union and the United Kingdom start the year afresh following the conclusion of their terms of divorce at the very last hour in December. US corporate earnings are expected to rise by a bi...

JHI is a bit like BTZ or BIT with a corporate bond focus up and down the credit spectrum but centered on the BB area. The fund boasts a very strong long-term track record. Some negatives include a rich corporate bond market, and, to JHI specifically, a quarterly distribution. ...

We respond to Barry Ritholtz's article on boosting yield in a low-yield investment environment. Our view is that there are better ways to maintain quality, shorten up duration and increase yield than what Barry suggests. We also highlight a number of options we continue to like an...

Legg Mason Partners Fund Advisor, LLC announced today that certain closed end funds have declared their distributions for the months of December 2020, January, and February 2021. The following dates apply to the distribution schedule below: This press release is not for tax ...