The New York Life Investment Management Global Infrastructure Megatrends Term Fund (MEGI) offers a high 10.9% yield and trades at a 9.9% discount to its net asset value. It has a defined 12-year term ending around December 2033, which could trigger a value realization event for shareholders. However, the fund is down over 30% from its $20 inception price and carries 22% leverage, posing risks in a rising interest rate environment. The author recommends selling MEGI and reallocating proceeds into safer utility-focused investments like Enbridge and the XLU Utility ETF.
Enbridge trades at USD 47.07 on Pluang as of Oct 13, 2026 21:42 WIB, with a 1-day gain of 0.26%. The stock's dividend yield stands at 5.97%, offering a steady income option compared to MEGI's higher yield but greater risk. Enbridge's market cap is $103.90B, reflecting its large scale in the energy sector.
