LGI Vs. ETO: Which Fund Is Superior?
Summary
- Lazard Global Total Return and Income Fund is a solid global equities CEF with a 7.4% forward distribution yield.
- LGI fund has historically earned 7.8% total returns over 5 years, enough to fund its 7.4% distribution yield.
- However, compared to the Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund, the ETO fund has lower fees, higher returns, and a comparable distribution yield.
- I prefer the ETO fund over the LGI.
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