ALLIANZGI EQ.+CONV.INC.FD

Let's talk about convertibles for a second—but not the car with a removable top that everyone thinks of when they hear that word: I'm talking about convertible bonds. » Mehr auf forbes.com

Virtus Equity & Convertible Income Fund aims to provide investors with an attractive level of income without sacrificing the upside potential of investing in equities. The NIE closed-end fund invests substantially in convertible securities, which offer higher yields than common equities and potential benefits if the company's stock becomes valuable. The NIE CEF's performance has been solid, with a 12.57% increase in share price since the previous article was published, and it has a reliable history of distributions. » Mehr auf seekingalpha.com

The Virtus Equity & Convertible Income Fund is benefiting from its heavy exposure to mega-cap tech stocks, leading to a solid performance in 2023. The fund's discount has narrowed throughout the year, but it still remains at a fairly wide discount and doesn't necessarily represent a bargain at this time. NIE is a non-leveraged fund, which is a positive in a rising rate environment, but its performance wasn't materially better when put up against a leveraged peer in 2022. » Mehr auf seekingalpha.com