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Posted by
Two Blokes May 26 -
Filed in
Stock
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4 views
ECF offers a unique blend of equities and convertible securities, delivering both capital appreciation and a high 6.6% yield for income-focused investors. The fund's price remains sensitive to high-interest rates, which suppresses growth potential; future rate cuts could be a catalyst, but aren't expected soon. ECF consistently trades at a discount to NAV, reflecting reliance on realized gains over net investment income, and underperforms its top holdings on total return.
