Eaton Vance Tax-Managed Global Diversified Equity Income Fund Offers Attractive Monthly Dividend and Global Exposure

Sunday, Feb 2, 2025 6:35 am ET1min read

Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG) is a closed-end fund that aims to generate attractive total returns primarily from high current income. It focuses on income-generating stocks globally and pays a monthly dividend. With a solid CEF offering, EXG provides exposure to the global market, offering an attractive option for income-seekers.

The Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG) is a closed-end fund that has gained significant attention from income-seeking investors. With a primary focus on generating attractive total returns from high current income, EXG offers exposure to a diverse range of income-generating stocks from around the world.

At the helm of EXG is Chris, a seasoned investment professional with over two decades of experience in the asset management industry. Chris currently serves as a managing director at Morgan Stanley and co-heads the Eaton Vance Equity Global team. His extensive expertise in global equity investing is instrumental in shaping EXG's investment strategy.

EXG's investment approach is designed to provide investors with a stable source of income while maintaining exposure to the global market. The fund focuses on income-generating stocks from various sectors and regions, ensuring a well-diversified portfolio. As of today, EXG's portfolio consists of over 500 stocks, with the top 10 holdings accounting for approximately 20% of the total assets [1].

EXG's performance has been impressive, with a 1-year change of +9.81% [2]. This strong performance can be attributed to the fund's well-diversified portfolio and its focus on income-generating stocks. Furthermore, EXG pays a monthly dividend, providing investors with a steady stream of income.

Investors looking to add EXG to their portfolios can purchase shares on the NYSE under the ticker symbol EXG. The fund's beta of 1.08 indicates that its price movements are generally in line with the broader market [2].

In conclusion, the Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG) is an excellent option for income-seeking investors looking to gain exposure to the global market. With a seasoned investment professional at the helm, a well-diversified portfolio, and a strong performance track record, EXG is poised to continue delivering attractive total returns to its investors.

[1] Eaton Vance. (n.d.). Tax-Managed Global Diversified Equity Income Fund. Retrieved from https://www.eatonvance.com/tax-managed-global-diversified-equity-income-fund-exg.php
[2] FT Markets. (n.d.). EXG:NYQ. Retrieved from https://markets.ft.com/data/equities/tearsheet/summary?s=EXG

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