The First Trust/Aberdeen Emerging Opportunity Fund (NYSE:FEO) with $85 million in total assets under management is a closed-end fund that invests in emerging market equity and bonds. The fund distributes a fixed quarterly dividend of $0.35 per share that currently yields 9.7% achieved through a leveraged and actively managed investment strategy. While the market segment faced a challenging past decade given a combination of lower commodity prices, a stronger U.S. dollar, and general macro headwinds, we see FEO as well-positioned to benefit from an improving global growth outlook. This article highlights FEO as