Western Asset Global Corp Defined Opportunity Fund
 (GDO)

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  • Jun. 23, 2015, 7:49 AM
    • Thanks to Greece, there's been just €2.3B of new European corporate bond issuance over the past two week, says SocGen, a continuation of the lowest volumes since 2011. Prior to the bubbling up of Greek worry, European corporate bond issuance was €48B in the month ended in mid-March - the fastest pace for any four-week period since January 2009.
    • The team at SocGen has "lost count" of the number of announcements for new bonds in recent weeks, and expects "a flood" of issuance once the Greek dam is removed.
    • ETFs: GDO, GHYG, PICB, IBND, CRDT, SUBD
    | Jun. 23, 2015, 7:49 AM | 1 Comment
Company Description
The Fund seeks to achieve its investment objectives by investing, under normal market conditions, at least 80% of its Managed Assets in a portfolio of US and foreign corporate fixed income securities of varying maturities. Under normal market conditions, t