IGD: This Fund Can Add Diversity To A Portfolio, But It Is Near A 3-Year High

  • IGD offers a high 10.4% yield, outperforming most equity funds and indices, making it attractive for income-focused investors seeking equity exposure. The fund's underweight technology sector and focus on value/dividend stocks provide diversification benefits, especially for those already heavy in tech. While IGD trades at a discount to NAV and peers, it's near its three-year high, suggesting investors should wait for a wider discount before buying.