NIE: Market Valuations Appear Stretched, But This Fund's Has Improved
2025-09-18 03:22:22 ET
The Virtus Equity & Convertible Income Fund ( NIE ) is a closed-end fund that, as the name suggests, invests primarily in a combination of equity and convertible securities in order to provide its investors with a very high level of current income. The fund manages to do fairly well at the provision of income, as it boasts an 8.06% yield at the current share price. This is a far better yield than that possessed by any major equity or convertible bond index, as we can see quite clearly in this table:
Index (ETF) | Current Yield |
S&P 500 Index ( SPY ) | 1.09% |
NASDAQ-100 Index ( QQQ ) | 0.48% |
Russell 2000 Index ( IWM ) | 1.04% |
Dow Jones Industrial Average ( DIA ) | 1.45% |
Bloomberg U.S. Convertible Cash Pay Bond > $250MM Index ( ICVT ) | 1.88% |
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NIE: Market Valuations Appear Stretched, But This Fund's Has Improved
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