AllianzGI Diversified Income & Convertible Fund (ACV)
ACV Price and Sentiment
ACV Latest news
A reliable selection criterion for building a portfolio of funds that are likely to produce above-average returns over the long haul is the goal of every CEF investor. For me, the flexible combination of a positive NAV since inception, discount on NAV, and leverage represents a practical rule of thumb for long-term CEF investing.
ACV is overweight tech, and that has contributed to the strong returns of the fund historically. Going forward, tech will remain relevant but may face headwinds with interest rates.
For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promise high distributions and reasonable total returns.
ACV offers a yield of about 5.9%, quite attractive if it can be supported. I continue my look at CEFs beyond just the yield with a look at ACV which invests in the very hot convertible sector.
HARTFORD, Conn., July 16, 2021 /PRNewswire/ -- Allianz Global Investors U.S. LLC (AllianzGI), which manages certain Virtus closed-end funds in a subadvisory capacity, announced that as of March 1, 2022 Douglas G.
3 Closed-End Funds Bought In May
NCV pays a relatively high distribution rate compared to its peers, even after it cut its distribution last year. Interestingly enough, the fund is also trading at a deeper discount than its peers and is becoming a tempting target.
ACV holds a portfolio that is split amongst convertible, stock and high-yield bond securities.
Convertible bonds offer benefits similar to equities together with some of the downside protection of bonds. The best way to invest in convertibles is through actively managed CEFs.
NEW YORK--(BUSINESS WIRE)--AllianzGI Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO), AllianzGI Convertible & Income 2024 Target Term Fund (NYSE: CBH), AllianzGI Convertible & Income Fund (NYSE: NCV), AllianzGI Convertible & Income Fund II (NYSE: NCZ), AllianzGI Diversified Income & Convertible Fund (NYSE: ACV), AllianzGI Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) and AllianzGI Equity & Convertible Income Fund (NYSE: NIE), (each a “Fun