2024-06-03 08:56:50 ET
Summary
- Nuveen S&P 500 Dynamic Overwrite Fund writes call options on the S&P 500 Index to deliver attractive distributions.
- The SPXX fund has exceeded expectations in recent months, delivering 65% upside capture since December.
- While its 9% discount to NAV remains attractive, I worry the fund does not offer enough downside protection given stretched valuations in equity markets.
A few months ago, I wrote a bullish article on the Nuveen S&P 500 Dynamic Overwrite Fund ( SPXX ), noting that the SPXX fund was trading at an attractive 9% discount to NAV with a time-tested strategy....
Read the full article on Seeking Alpha
For further details see:
SPXX: Downgrade On Market Valuations