First Trust/abrdn Emerging Opportun... (FEO)
|52 Week Range||8.35-13.71|
|1y Target Est||-|
|DCF Unlevered||FEO DCF ->|
|DCF Levered||FEO LDCF ->|
|Debt / Equity||12.11%||Neutral|
Upgrades & Downgrades
Latest FEO news
Weekly Closed-End Fund Roundup: January 8, 2023
17 January 2023
21 out of 22 CEF sectors were positive on price and 20 out of 22 sectors were positive on NAV last week. MLPs are the most discounted CEF sector.
Weekly Closed-End Fund Roundup: PIMCO Muni CEF Distribution Cuts (January 1, 2023)
10 January 2023
3 out of 23 CEF sectors positive on price and 6 out of 23 sectors positive on NAV last week. PIMCO muni CEFs cut.
Weekly Closed-End Fund Roundup: VFL Tender Results (December 18, 2022)
27 December 2022
2 out of 23 CEF sectors were positive on price and 2 out of 23 sectors were positive on NAV last week. VFL offers tender results.
FEO: Liquidation Approaches
5 December 2022
FEO has ceased trading and will liquidate this week. We discussed a possible arbitrage strategy with our members last week.
Weekly Closed-End Fund Roundup: Tortoise Tender Results, NCZ Resumes Distributions (November 6, 2022...
15 November 2022
12 out of 23 CEF sectors positive on price and 6 out of 23 sectors positive on NAV last week. Tortoise offer tender results.
Weekly Closed-End Fund Roundup: Tortoise Tender Offers Expiring (October 23, 2022)
1 November 2022
16 out of 23 CEF sectors positive on price and 12 out of 23 sectors positive on NAV last week. Watch for overvalued CEFs as market volatility rises.
Weekly Closed-End Fund Roundup: BlackRock CEFs Repurchasing Shares (October 16, 2022)
24 October 2022
0 out of 23 CEF sectors are positive on price and 0 out of 23 sectors are positive on NAV over the last week. BlackRock CEFs are repurchasing their shares.
FEO To Liquidate
4 October 2022
FEO will liquidate in December. Saba appears to be the driving force, again.
First Trust Aberdeen Emerging Opportunity Fund: Starving For Yield
29 September 2022
I am hesitant about this fund because of the lower discount to NAV, and because the fund invests in corporate/sovereign debt. The dividend yield for this fund is very attractive, but its 10 year perfo...
First Trust-abrdn Emerging Opportunity Fund is a closed-ended balanced mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Aberdeen Asset Management Inc. The fund invests in public equity and fixed income markets of global emerging countries. It seeks to invest in the stocks of companies operating across the diversified sectors. For its fixed income component, the fund invests in government debt securities, corporate bonds, non investment-grade securities, asset-backed securities, credit-linked notes, and credit default swaps. It employs fundamental analysis to create its portfolio. The fund benchmarks the performance of its portfolio against the Barclays Capital Global Emerging Markets Index, FTSE All World Emerging Market Index, and a blended index composed of JPMorgan Emerging Markets Bond Index - Global Diversified (32.5%); JPMorgan Government Bond Index - Emerging Markets (32.5%); MSCI Global Emerging Markets Index (35.0%). First Trust-abrdn Emerging Opportunity Fund was formed on August 28, 2006 and is domiciled in the United States.
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