First Trust Specialty Finance and F... (FGB)
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Latest FGB news
FGB: Remains A Pass For Serious BDC Investors
28 July 2023
As we approach Q2 business development company earnings, we take a look at First Trust Special Finance and Financial Opportunities Fund - a closed-end fund that allocates primarily to BDCs. On paper, ...
FGB: Basket Of BDCs At A Discount
16 July 2023
The First Trust Specialty Finance & Financial Opportunities Fund has 93% of its fund invested in BDCs, which have been benefiting from rising interest rates. FGB offers a potential opportunity with it...
FGB: Back In Deep Discount Territory
21 February 2023
FGB has become an interesting fund to trade on occasion when larger-than-usual discounts open up. Recently, we've seen that discount open up once again to over 13%.
BDC Weekly Review: Another Year Of Underperformance For BDC CEF FGB
4 February 2023
We take a look at the action in business development companies through the fourth week of January and highlight some of the key themes we are watching. BDCs had another good week with the sector appro...
Weekly Closed-End Fund Roundup: Special Distributions Coming Up (December 4, 2022)
13 December 2022
22 out of 23 CEF sectors positive on price and 22 out of 23 sectors positive on NAV last week. All sectors were positive last week.
4 Closed-End Fund Buys In The Month Of November 2022
13 December 2022
The markets have added to the gains they started in October. I add to my investments every month; however, this month, I did quite a bit of movement with several positions I sold too.
FGB: Attractive Discount And Distribution Coverage Jumps
31 October 2022
FGB's latest report showed that net investment income jumped quite meaningfully. That should leave it in a better position to maintain its high double-digit yield.
FGB: Discount And Decline Make This An Interesting Play
21 July 2022
The fund invests primarily in BDCs, despite the more open-ended name of "finance and financial opportunities." BDCs were holding up relatively well, with the latest declines and discount expansion mak...
FGB: Higher Interest Rates Make This Fund Hold Up Better
30 April 2022
FGB has been performing about flat for the year, which is better than most other investments at this time. This might be surprising since it is generally a riskier position, but this is because BDCs c...