Voya's IGD Fund Underperforms Due to Portfolio Strategy.

The Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) has underperformed due to its portfolio strategy, despite rising popularity of option ETFs. The fund has been investing in dividend-paying stocks, which may not be the best approach in current market conditions. As a result, investors should exercise caution when investing in IGD.

On October 9, 2025, Keefe, Bruyette & Woods maintained its Outperform recommendation for Voya Financial (NYSE:VOYA), with an analyst price forecast suggesting a 13.14% upside. The average one-year price target for Voya Financial is $84.35/share, representing an increase of 13.14% from its latest reported closing price of $74.56/share Keefe, Bruyette & Woods Maintains Voya Financial (VOYA) Outperform Recommendation^[1].

Despite the positive outlook, fund sentiment towards Voya Financial is mixed. As of the latest data, 936 funds or institutions report positions in Voya Financial, representing an increase of 0.32% in the last quarter. The average portfolio weight of all funds dedicated to VOYA is 0.21%, up by 2.09% in the same period. However, the put/call ratio of VOYA is 1.30, indicating a bearish outlook Keefe, Bruyette & Woods Maintains Voya Financial (VOYA) Outperform Recommendation^[1].

Major shareholders have also shown varying levels of interest in Voya Financial. Price T Rowe Associates, for instance, holds 6,313K shares, representing a 6.55% ownership of the company, and has increased its portfolio allocation in VOYA by 7.08% over the last quarter. Conversely, Wellington Management Group Llp has decreased its holdings from 5,512K to 3,818K shares, representing a 44.37% decrease Keefe, Bruyette & Woods Maintains Voya Financial (VOYA) Outperform Recommendation^[1].

The Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD), which has been underperforming due to its focus on dividend-paying stocks, might not be the best investment choice in the current market conditions. Despite the rising popularity of option ETFs, the fund's strategy may not align with the current market trends.