ETO: Solid Yield And Well Positioned For The Current Market Conditions

  • Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund offers a high 7.82% yield from a globally diversified, equity-heavy portfolio, with tax-advantaged distributions that help if using a taxable account. The ETO closed-end fund is currently favoring foreign equities, which have outperformed U.S. stocks year-to-date, and benefits from a weak U.S. dollar environment. Equities are probably a better holding than bonds right now, given the market's increasing reluctance to finance developed-market nations.