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- On the lookout for closed-end funds with room to move higher over the next 12-18 months while paying out a solid distribution, Michael Jabara and team at Morgan Stanley Wealth Management find 11 top picks.
- On average, they have a 7.5% payout (vs. 6.7% for peers) and a discount to NAV of 8.7% (vs. 7.9% for peers).
- The list: Royce Value Trust (NYSE:RVT), Neuberger Berman MLP Income Fund (NYSEMKT:NML), ClearBridge Energy MLP Fund (NYSE:CEM), John Hancock Financial Opportunities Fund (NYSE:BTO), Gabelli Dividend & Income Trust (NYSE:GDV), Eaton Vanco Tax-Advantaged Global Dividend Fund (NYSE:ETG), Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX), Eaton Vance Tax-Managed Diversified Equity Fund (NYSE:ETY), BlackRock International Growth & Income Trust (NYSE:BGY), Eaton Vance Tax-Managed Diversified Global Equity Fund (NYSE:EXG), and BlackRock Global Opportunities Equity Trust (NYSE:BOE).
- Source: Barron's
Fri, Apr. 10, 2:50 PM
Nov. 12, 2014, 1:22 PM
Nov. 14, 2012, 11:31 AMThey're getting there. Closed-end investment funds take it on the chin again, with the PIMCO High Income Fund (PHK -6.6%) leading. At $10.56, the fund no longer sports a ridiculous near-75% premium to NAV, but with NAV currently at $8.32, there remains a wide gulf. | Nov. 14, 2012, 11:31 AM | 10 Comments
BOE vs. ETF Alternatives
Under normal market conditions, the Trust will invest at least 80% of its total assets in equity securities or options on equity securities or indices or sectors of equity securities. It may invest in companies located anywhere in the world. It may invest
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