Geoff Considine

Alpine Global Dynamic Dividend Fund: Solid Low-Risk Strategy

I really don't like it when people call a strategy 'low risk' while presenting no information on tha actual risk. Covered call funds have been called 'low risk' but many have enormous volatility. ADVDX is certainly not 'low risk'. Over the past three years, SDVDX has been 29% more volatile than the S&P500. Is this low risk? Not by my thinking. Now you are calling a new fund that follows the same strategy--except emphasizing foreign assets--Low Risk??? Huh? Overseas markets are typically higher volatility, so I would expect that applying the same strategy to overseas markets will lead to more volatility. Then we add in high turnover and related costs. How can this possible be called a 'solid low risk strategy'??