The Eaton Vance Enhanced Equity Income Fund II: A Hidden Gem for Income Investors
Introduction
Are you looking for a unique investment opportunity that offers high income and growth potential? Look no further than The Eaton Vance Enhanced Equity Income Fund II. This closed-end fund focuses on investing in common stocks of high growth companies, making it a promising choice for income investors.
History and Performance
With over 19 years of experience, The Eaton Vance Enhanced Equity Income Fund II has a proven track record of delivering solid returns. The fund has a sensible distribution policy that has provided over 10% of annualized total returns to investors. Currently, it offers an attractive distribution income of 8.50%, paid on a monthly basis.
Investment Recommendation
We believe that The Eaton Vance Enhanced Equity Income Fund II deserves a place in your income portfolio. For existing owners, we would rate the fund as a ‘hold’, as it has shown consistent performance over the years. For new investors, we recommend it as a ‘buy’, given its attractive income and growth potential. However, it may be wise to consider dollar-cost averaging your purchases instead of making a lump sum investment.
Impact on Investors
Investing in The Eaton Vance Enhanced Equity Income Fund II can have a positive impact on your portfolio. With its high income and growth potential, this fund can help you achieve your financial goals and secure a steady stream of income for the future.
Impact on the World
On a larger scale, The Eaton Vance Enhanced Equity Income Fund II’s investment in high growth companies can contribute to the growth of these businesses and stimulate economic development. By investing in this fund, you are not only benefiting yourself but also playing a role in supporting the global economy.
Conclusion
In conclusion, The Eaton Vance Enhanced Equity Income Fund II is a hidden gem for income investors. With its strong performance history, attractive income, and growth potential, this fund offers a valuable opportunity for both existing owners and new investors. Consider adding it to your portfolio today and watch your investments grow.
