Recent

% | $
Quotes you view appear here for quick access.

Eaton Vance Tax-Advantaged Glob Message Board

  • get_lucky_now get_lucky_now Dec 8, 2012 10:52 AM Flag

    2008 Loss

    what caused the big drop in price in 2008?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • One issue was that the whole market, therefore the net asset value collapsed. Panic ensued, was great time to buy more.Another issue was the financing of the leverage. There was a failure in the ' auction rate prefered ' method of financing the leverage. All seems well now. I have owned the fund since its inception, and add to my holdings when the the time seems right. Check out the holdings, all great companies. The fund managers know more about managing leverage than I do. Good payout ( $.1025 per month ). If you have any confidence in the market at all this is a good a fund as there is. Kub

      Sentiment: Buy

 
ETG
16.93+0.08(+0.47%)Jul 31 4:02 PMEDT