Summary
- Eaton Vance Risk-Managed Diversified Equity Income Fund is an equity collar closed-end fund.
- The CEF has a portfolio that mimics the S&P 500 and overlays the portfolio with written call options and long put positions.
- The structure has historically resulted in very shallow drawdowns when compared to the S&P 500, but not in 2022.
- The article does a deep dive into the CEF's structure and benchmarks the build in the context of today's bear market.
- This article covers CEFs from our suite of products.
For further details see:
ETJ: Equity Collar CEF, Needs Re-Tooling