Abstract Aerial Art/DigitalVision via Getty Images Overview With the market indices off to a rough start for 2026, there are plenty of discounted opportunities in the market. Fortunately, the pullback in the indices also means that many income-focused equity funds now trade at attractive valuations as well. This is where the Eaton Vance Tax-Advtgd Global Dividend Income Fund ( ETG ) comes in. When...
Abstract Aerial Art/DigitalVision via Getty Images Overview With the market indices off to a rough start for 2026, there are plenty of discounted opportunities in the market. Fortunately, the pullback in the indices also means that many income-focused equity funds now trade at attractive valuations as well. This is where the Eaton Vance Tax-Advtgd Global Dividend Income Fund ( ETG ) comes in. When I previously covered ETG, I issued a buy rating due to the strong track record of dividend consistency and ability to preserve capital over time. Since my last coverage, the fund has released an updated annual report for 2025, which prompted me to review the fund's performance, outlook, and value proposition. When I previously covered ETG, the fund traded at a discount to NAV of about 4.1%. Following the recent pullback in the market, ETG now trades at a larger discount to NAV of 10.14%. Now that ETG trades at a deeper discount to NAV, I believe it is a great time to accumulate shares. For reference, ETG has traded at an average discount to NAV of 6.78% over the last five years. Referring to the red line on the graph below, we can see that there were rarely any chances to initiate a position at a better price to NAV level. Despite the attractive valuation, it's important that investors maintain realistic performance expectations going forward. For instance, the upside price potential is fairly limited, even if the indices rally higher through 2026. CEFData.com ETG now offers investors a starting dividend yield of 7.6% that is paid out on a monthly basis. After reviewing the fund's earnings report, it is very clear that ETG can support the distributions that it pays with ease. Therefore, ETG remains a great option for investors that want to collect a high income without the stress of dealing with income reductions. However, I believe that the fund's payouts may be vulnerable through periods of prolonged market declines. In this scenario, ETG may find itself payout out more ...
(RTTNews) - Magna International Inc.(MG.TO, MGA), a Canadian automotive parts maker, said on Thursday that it has inked deals to divest its lighting business through two separate transactions as well as its rooftop systems business in a third transaction.
(RTTNews) - Magna International Inc.(MG.TO, MGA), a Canadian automotive parts maker, said on Thursday that it has inked deals to divest its lighting business through two separate transactions as well as its rooftop systems business in a third transaction.
e-crow/iStock via Getty Images March madness Gold fell 12% in March to US$4,608/oz, its weakest month since June 2013. Gold lost value in all major currencies, but remains up on the year. Our monthly attribution model GRAM captured the sentiment – but not the magnitude – of the move, attributing much of the drop to momentum factors: global gold ETF outflows, a COMEX net long unwind and a price tre...
e-crow/iStock via Getty Images March madness Gold fell 12% in March to US$4,608/oz, its weakest month since June 2013. Gold lost value in all major currencies, but remains up on the year. Our monthly attribution model GRAM captured the sentiment – but not the magnitude – of the move, attributing much of the drop to momentum factors: global gold ETF outflows, a COMEX net long unwind and a price trend reversal. Lesser contributions came from US dollar strength and yields. Our forward-looking section delves into the particulars of moves in March. Global gold ETFs shed US$12bn (84 tonnes) during the month, led almost entirely by North America with US$14bn (-87t) and Europe with US$0.1bn (-7t). Asia’s US$1.9bn (10t) inflows were a welcome positive, and highlight how dip-buying in Asia translated into much larger fund flow but lower equivalent tonnes. COMEX managed money net long positions dropped US$2bn (19 tonnes) in March, but retain a solid long bias. Chart 1: Momentum factors dominated the drawdown in March with higher US rates and dollar contributing Sources: Bloomberg, World Gold Council; Disclaimer Data to 31 March 2026. Our Gold Return Attribution Model (GRAM) is a multiple regression model of monthly gold price returns, which we group into four key thematic driver categories of gold’s performance: economic expansion, risk & uncertainty, opportunity cost, and momentum. These themes capture motives behind gold demand; most importantly, investment demand, which is considered the marginal driver of gold price returns in the short run. The ‘residual’ represents the percentage change in the gold price that is not explained by factors already included. Results shown here are based on analysis covering a five-year estimation period using monthly data. Alternative estimation periods and data frequencies are available on Goldhub.com . Table 1: Gold tumbled in all major currencies, but retains a positive return for the year Anatomy of a fall Deleveraging and liquidity dyna...
Foreign secretary to address City leaders in London as Israel intensifies bombing and Vance says Lebanon is not part of deal Middle East crisis – live updates Lebanon must be included in the ceasefire agreement between the US and Iran, the British foreign secretary will say, as a two-week pause in the conflict hangs in the balance. Addressing an event at the Mansion House in London, Yvette Cooper ...
Foreign secretary to address City leaders in London as Israel intensifies bombing and Vance says Lebanon is not part of deal Middle East crisis – live updates Lebanon must be included in the ceasefire agreement between the US and Iran, the British foreign secretary will say, as a two-week pause in the conflict hangs in the balance. Addressing an event at the Mansion House in London, Yvette Cooper is expected to say there “must be no return to conflict” after the ceasefire announced by the US president, Donald Trump, late on Tuesday. Continue reading...
icholakov/iStock via Getty Images Gas prices may be north of $4 per gallon across the United States, but that didn't stop families from heading to the theaters during the Easter weekend. According to Comscore, AMC’s ( AMC ) The Super Mario Galaxy Movie tallied $195 million at the domestic box office over the holiday weekend. The street gave the data two thumbs up, as AMC shares surged 11% on Monda...
icholakov/iStock via Getty Images Gas prices may be north of $4 per gallon across the United States, but that didn't stop families from heading to the theaters during the Easter weekend. According to Comscore, AMC’s ( AMC ) The Super Mario Galaxy Movie tallied $195 million at the domestic box office over the holiday weekend. The street gave the data two thumbs up, as AMC shares surged 11% on Monday - its best day of the year. The stock rode a five-day winning streak into the first full trading week of Q2. The kid-friendly film generated an estimated $195.7 million total, enough to push the year-to-date ticket sales tally to its highest level since before the pandemic. Universal's ( CMCSA ) animated tentpole also claimed the top spot globally. Its international haul is now more than $300 million, cementing Super Mario's franchise dominance. 2026 Sneaks Ahead of 2023 for the Best YTD Box Office Sales Total Since 2021 Source: Box Office Mojo by IMDbPro Elsewhere, Amazon MGM's ( AMZN ) Project Hail Mary held the runner-up position for a third consecutive weekend, while new releases, such as A24's The Drama , debuted with modest showings. Rounding out the April 3–5 totals, Disney & Pixar's ( DIS ) Hoppers landed at No. 4, and Universal's Reminders of Him's $2.2 million was good enough for No. 5. Why Consumers Are Still Going to the Movies Zooming out, theaters have been a place to be so far in 2026, even with so many consumer concerns. The K-shaped economy is souring sentiment among lower- and middle-income households, and that may actually be a tailwind for the box office. Consider that while there may be sticker shock when paying for two adults and two children at the cinema, the total cost of going out to the movies is far less than many other excursions. Hollywood's Big Consolidation... And What Comes Next For Hollywood, studios will take any lift they can get. The focus may now shift back to putting out original content, now that the bidding war for Warner Bros. Dis...