NEW YORK----BlackRock Global Opportunities Equity Trust , BlackRock S&P Quality Rankings Global Equity Managed Trust and BlackRock Enhanced Government Fund, Inc. today paid the following dividends per share: Ticker Pay Date Per Share BOE May 28, 2010 $ 0.568750 BQY May 28, 2010 $ 0.187500 EGF May 28, 2010 $ 0.080000
NEW YORK----BlackRock, Inc. today announced that quarter-end portfolio data for its closed-end funds, as of March 31, 2010, is now available to the public on BlackRock?s website at www.blackrock.com.
BlackRock Global Opportunities Equity Trust (NYSE:BOE), BlackRock S&P Quality Rankings Global Equity Managed Trust(NYSE AMEX:BQY) and BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) (the 2010 05 28 17:27
BlackRock, Inc. today announced that quarter-end portfolio data for its closed-end funds, as of March 31, 2010, is now available to the public on BlackRock?s website at www.blackrock.com. About 2010 05 27 18:27
Stocks: Prior Day: Asia, Europe, US up, Today: Asia, Europe up. Pre-Holiday thin liquidity is dangerous –don’t be scammed –stand aside and enjoy the holiday.
FX: bias against safety currencies [JPY, USD, CHF in order of safety appeal] vs. risk currencies [AUD, NZD, CAD, EUR, GBP in order of risk appetite appeal], USD retreats against everything as poor housing data serves as profit taking excuse despite the prior day’s even more positive housing data
Main events: Mon: JPY: BoJ Monthly Report, Trade Balance+ CAD: Core Retail Sales m/m, NZD: Current Account, AUD: CB Leading Index, Tues: GBP Current...
Stocks: Prior Day: Asia, Europe, US down, Today: Asia mixed, Europe mixed/rising. Equities remain cautious with Greece downgrade, yearend profit taking, rising USD
FX: bias to safety currencies [JPY, USD, CHF in order of safety appeal] vs. risk currencies [AUD, NZD, CAD, EUR, GBP in order of risk appetite appeal], USD, continues up vs. all majors Thursday, steady early Friday on rising fear from EZ debt woes
Chris Ciovacco submits: "Every great mistake has a halfway moment, a split second when it can be recalled and perhaps remedied"--Pearl S. Buck (1892-1973)
The quote above is not meant to suggest that we need to prepare for gloom and doom in the new year, but to remind us that in 2007 the investment markets will not necessarily behave as they did in 2006. Bull markets have a tendency to make us forget about the benefits of true asset class diversification. Since we are now into year five of the current bull market in U.S. stocks, it may be a...
Roger Nusbaum submits: The NY Times had an article about the covered call funds that were all the rage for a while and that I wrote about quite frequently in late 2004, early 2005 and a couple of times since. Like most articles on the topic the focus is on the various flaws and why this is not the right strategy for most folks.
I think my take on these has been sort of unique. The concept...
I visited the Van Kampen website today and noticed that they are offering an open end fund that uses a covered call strategy, the Van Kampen Equity Premium Income Fund. This is the only recently launched open end fund I know of that utilizes a covered call strategy. It will be interesting to see how the performance of this fund compares with that of similar closed-end funds.
For anyone who researches their own investments, the closed-end funds would probably be preferable because they won?t have the big sales charge and the recurring 12b-1 fees of the Van Kampen fund. Plus,...
Jack Willoughby in Barron's(sub. req.) asks why covered call CEFs aren't providing the returns promised to investors who put billions of dollars into these vehicles in the past 18 months (see table below). The four main explanations proffered by Willoughby:
Nature of the beast:Closed-end funds are offered at a premium to NAV at their IPOs; the premium represents the compensation to the underwriters, although few retail buyers understand this. Afterward, closed-ends frequently fall to discounts in the aftermarket.
Lack of investor understanding:Wachovia Securities analyst Mariana Bush says, "We think investors are selling their funds regardless of their NAV performance, to...
The Businessweek dated July 4 has an article (I don't know if I utilized my subscription to access the article) about closed end funds that sell call options to create income, writes Roger Nusbaum. I have written about this product numerous times because I think it can be useful in a properly diversified portfolio.
NEW YORK--(BUSINESS WIRE)--BlackRock Global Opportunities Equity Trust (NYSE:BOE), BlackRock S&P Quality Rankings Global Equity Managed Trust(NYSE AMEX:BQY) and BlackRock Enhanced Government Fund ...
May 12, 2010 (SmarTrend(R) News Watch via COMTEX) -- SmarTrend has detected shares of BlackRock Global Opportunities Equity Trust (NYSE:BOE) have bearishly opened below the pivot of $19.17 today ...
* In order to comply with the requirements of Section 19 of the Investment Company Act of 1940, as amended, each of the Funds noted above posted to the DTC bulletin board and sent to their ...
By Chip Brian SmarTrend's candlestick pattern scanner has detected a bearish harami candle pattern for shares of BlackRock Global Opportunities Equity Trust (NYSE:BOE). Yesterday's real body is ...
SmarTrend's candlestick pattern scanner has detected a bearish engulfing pattern for shares of BlackRock Global Opportunities Equity Trust (NYSE: BOE) since the stock closed below $19.68. Friday ...
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