EDF: Say 'No' To This 16% Dividend Yield
Summary
- Virtus Stone Harbor Emerging Markets (EDF) is a small emerging markets fixed income CEF.
- The CEF is up 20% in the past month, outperforming many of its peers.
- The fund is overweight Pemex bonds and Mexico as an EM jurisdiction.
- The CEF has an astounding NAV erosion, having lost over 80% of its net asset value in the past decade.
- This article covers CEFs from our suite of products (we cover CEFs and yield-generating options strategies).
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