EXG: Earn A 9.32% Yield And Keep Your Equity Exposure With This CEF
The Eaton Vance Tax-Managed Global Diversified Equity Income Fund offers a high 9.32% yield while maintaining global equity exposure. The fund employs an options strategy to generate income, which limits capital appreciation but appeals to income-focused investors. The fund's option is riskier than a covered call strategy and depends heavily on the ability of the stock portfolio to outperform the indices.
EXG: Global Call Writing Fund For Monthly Distributions
Eaton Vance Tax-Managed Global Diversified Equity Income Fund provides investors exposure to some global investments and is trading at an attractive discount. The EXG fund writes call options against indexes as well as capital gains to help provide a monthly distribution to investors. With the fund's strategy, it can often generate return of capital distributions for investors that help accomplish its "tax-managed" emphasis.
EXG: Moving This Equity CEF To Hold After The Run-Up (Rating Downgrade)
The Eaton Vance Tax-Managed Global Diversified Equity Income Fund is an equity closed end fund that provides exposure to global equities. In a previous article, EXG was given a 'Buy' rating based on attractive valuation metrics, and it has performed well since then. The CEF's discount to NAV is high due to the low VIX environment (low volatility reduces the value of options sold by the fund).
