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FGB / FGB: Remains A Pass For Serious BDC Investors

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, the FGB CEF looks like a great buy - take a high-return / high-yield BDC sector, add leverage, active management and a discount, and you should get a great result. The reality is very different - a dart-throwing monkey would have outperformed FGB by around 9% each and every year. We'll take the monkey, thank you. Read More

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Posted: Jul 28 2023, 14:59

Author Name: Seeking Alpha

FGB News

By Seeking Alpha
July 28, 2023

FGB: Remains A Pass For Serious BDC Investors

As we approach Q2 business development company earnings, we take a look at First Trust Special Finance and Financial Opportunities Fund - a closed-end

By Seeking Alpha
July 16, 2023

FGB: Basket Of BDCs At A Discount

The First Trust Specialty Finance & Financial Opportunities Fund has 93% of its fund invested in BDCs, which have been benefiting from rising interest

By Seeking Alpha
February 21, 2023

FGB: Back In Deep Discount Territory

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 agai

By Seeking Alpha
July 21, 2022

FGB: Discount And Decline Make This An Interesting Play

The fund invests primarily in BDCs, despite the more open-ended name of "finance and financial opportunities." BDCs were holding up relatively well, w

By Seeking Alpha
April 30, 2022

FGB: Higher Interest Rates Make This Fund Hold Up Better

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 genera

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