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Eaton Vance fund offers 9.93% yield with downside protection but trades at a 12% discount to NAV.

Market News
03 Nov 2026, 12:39 WIB
Seeking Alpha
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Bullish
Eaton Vance fund offers 9.93% yield with downside protection but trades at a 12% discount to NAV.

Eaton Vance Risk-Managed Diversified Equity Inc. Fund (ETJ) provides a high yield of 9.93% through an active options strategy focused on capital preservation. The fund currently trades at a 12.05% discount to its net asset value (NAV), indicating it is undervalued compared to historical norms. Its defensive options approach helps protect against market downturns but limits gains during strong bull markets. ETJ is attractive for investors seeking regular income and downside risk management, with potential for price recovery toward NAV.

The Eaton Vance Risk-Managed Diversified Equity Inc. Fund (ETJ) is noted for its high yield and discount to NAV, providing context for readers. For those tracking the broader US stock market on Pluang as of Nov 03, 2026 16:11 WIB, 66 of 150 stocks rose while 77 fell. Among notable movers, Micron Technology (MU) gained 2.30% with a typical hold time of 51 days and 91% sell order activity, contrasting with Newmont Corporation (NEM) and Kinross Gold Corporation (KGC), which both declined around 2.2% and had longer hold times of 60 and 54 days respectively, with more balanced sell/buy activity.

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