- With the credit market priced for perfection, some investors are taking chips off the table by moving up in quality.
- We take a look at GDO that presents an attractive option with a 2/3 investment-grade profile, attractive discount valuation and strong returns.
- The fund's floating-rate liabilities, increase in borrowings this year and fixed-income profile have also allowed it to sustainably increase its earnings levels.
- We continue to maintain an allocation to GDO in our Defensive and Core Income Portfolios.
For further details see:
GDO: An Attractive Quality Income Option