📈   GDO: Nice Yield, But There Are Better Global Fixed-Income Funds Available

The Western Asset Global Corporate Defined Opportunity Fund (NYSE:GDO) is a closed-end fund that income-focused investors can employ as a method of achieving their goals of receiving a high level of income from the assets in their portfolios. As is the case with many income-focused funds, this one invests in fixed-income securities, so it does require that investors sacrifice some of the upside potential that would be achievable by investing in common equities. However, there could be some reasons to accept that with this fund, especially since it is quite possible that anyone purchasing the shares at today's price could achieve a respectable capital gain by the end of this year.

seekingalpha.com     May 19, 2024