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NIE / NIE: Discounted But Not A Bargain

NIE: Discounted But Not A Bargain
The Virtus Equity & Convertible Income Fund is benefiting from its heavy exposure to mega-cap tech stocks, leading to a solid performance in 2023. The fund's discount has narrowed throughout the year, but it still remains at a fairly wide discount and doesn't necessarily represent a bargain at this time. NIE is a non-leveraged fund, which is a positive in a rising rate environment, but its performance wasn't materially better when put up against a leveraged peer in 2022. Read More
Posted: Nov 4 2023, 09:45
Author Name: Seeking Alpha
Views: 022811

NIE News  

NIE: Discounted But Not A Bargain

By Seeking Alpha
November 4, 2023

NIE: Discounted But Not A Bargain

The Virtus Equity & Convertible Income Fund is benefiting from its heavy exposure to mega-cap tech stocks, leading to a solid performance in 2023. The more_horizontal

Our 10.1% Dividend Strategy For Weathering This Fall Pullback

By Forbes
October 7, 2023

Our 10.1% Dividend Strategy For Weathering This Fall Pullback

It's been almost two years since stocks last hit all-time highs, and the S&P 500 is still sitting some 11% below the peak! more_horizontal

NIE: Still Uncertain, But This Fund Is Better Than Most

By Seeking Alpha
September 29, 2023

NIE: Still Uncertain, But This Fund Is Better Than Most

Virtus Equity & Convertible Income Fund offers a high level of income from equities, boasting a 10.08% yield compared to the S&P 500's 1.52%. The NIE more_horizontal

NIE: Tech Weighting Could Be A Problem, But It's A Solid Fund

By Seeking Alpha
July 24, 2023

NIE: Tech Weighting Could Be A Problem, But It's A Solid Fund

Anyone that's followed me for a while knows I'm obsessed with the word "conditions" when it comes to investing. Virtus Equity & Convertible Income Fun more_horizontal

NIE: Best Way To Gain Through Growth Stocks, Covered Calls, And Convertibles

By Seeking Alpha
April 2, 2023

NIE: Best Way To Gain Through Growth Stocks, Covered Calls, And Convertibles

Price performance of healthcare and financial stocks in NIE's portfolio was quite disappointing this year. However, technology stocks performed well. more_horizontal

NIE: I Want To Like This Convertible CEF But I'm Not Sure It's Worth The Risk

By Seeking Alpha
January 5, 2023

NIE: I Want To Like This Convertible CEF But I'm Not Sure It's Worth The Risk

Convertible securities offer the best of fixed-income securities and common equities to investors. AllianzGI Equity & Convertible Income Fund is heavi more_horizontal


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