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Posted by
Two Blokes Jul 16 -
Filed in
Stock
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3 views
ADX is a solid closed-end fund combining growth exposure with high-income distributions, but current valuations make it a risky bet this late in the cycle. The fund has a long-term track record dating back to 1929, having weathered major downturns like the Great Depression, World War II, stagflation and multiple bubbles. ADX trades at a discount to NAV, providing a slight value alpha, but this does not offset the elevated risk of investing in an overvalued market.
