- Virtus Global Multi-Sector Income Fund invests, as the name implies, in fourteen sectors of the Global Fixed Income market.
- VGI's strategy of trying to be in multiple sectors has the fund underperforming single-focused funds and many of its multi-sector competitors. Even income-seekers might have better choices.
- After comparing VGI to other fund choices in the High-Yield space, I give this CEF a Bearish rating at best. Recent history shows 50% of the payout is from Return-of-Capital.
For further details see:
Virtus Global Multi-Sector Income Fund Results Justify Skipping This CEF