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at CNBC.com (Mar 24, 2011)
- ETW and EXG are global option income CEFs from Eaton Vance with 9%+ yields.
- ETW and EXG have had very similar returns over the past year, but the discount for ETW has narrowed significantly over the past three months.
- ETW's discount of -3.3% is much higher than its 52-week average of -7.7%, while EXG's discount of -8.45% is similar to its 52-week average of -8.33%.
- In view of their similar investment mandates, a recommendation is made to sell ETW and buy EXG.
Equity CEFs: The First Cut Is The Deepest (Part II)
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EXG vs. ETF Alternatives
The Funds primary investment objective is to provide current income and gains, with a secondary objective of capital appreciation. In pursuing its investment objectives, the Fund will evaluate returns on an after-tax basis, seeking to minimize and defer sh
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