EXG: Attractively Valued Global Income Fund (Rating Upgrade)

2025-12-26 04:47:00 ET

Overview

As the Santa rally continues, U.S. market indices continue to hover near their all-time highs. Eaton Vance Tax-Managed Global Diversified Equity Income Fund ( EXG ) provides investors with a way to reduce reliance on U.S. markets by allocating a sizeable portion of its assets to global securities outside of the U.S. When I previously covered EXG, I issued a hold rating due to the flawed dividend history. However, EXG released an updated annual report for 2025, so I wanted to take a closer look at the fund's overall value proposition for long-term investors. I believe that I may have been too strict on my expectations of the fund at the time of my first coverage and wanted to give it another honest look as we approach the new year....

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