The Voya Global Equity Dividend and Premium Opportunity Fund (IGD) looks to be another in a long line of funds marketed to investors based on income but generating sub-par total returns and poor risk-adjusted returns. Investors, even those seeking income, are best served looking elsewhere.
IGD Overview and Performance
IGD is a closed-end fund that, according to the Voya website, “... seeks a high level of income; capital appreciation is secondary.” It’s fine to focus on income so long as the fund is actually generating income and not just returning existing capital