2023-04-09 08:37:47 ET
Summary
- Investors are in need of income to maintain their lifestyles in the face of forty-year high inflation rates.
- ETY invests in a portfolio of equities and aims to provide its investors with income using capital gains and option-writing strategies.
- The fund should outperform the S&P 500 Index during flat and bear markets, such as what we have today.
- The fund failed to cover its distribution last year, but it did succeed over the trailing two-year period.
- The fund usually trades at a premium to net asset value, but it could be a decent buy if you can get it at a discount.
For further details see:
ETY: A Reasonable Option For Income At A Discount