AWF: This Fund Is Doing Far Better Than The Share Price Performance Suggests

2026-05-04 09:34:48 ET

The AllianceBernstein Global High Income Fund ( AWF ) is a closed-end fund, or CEF, that aims to provide its investors with a very high level of current income by investing in a portfolio of government and corporate bonds issued by entities that are located in countries all over the world. Regular readers will likely be among the first to recall that I have been reluctant to invest in any bond fund, which is mostly due to the fact that both the United States and most other developed countries are entering into an era of high fiscal deficits and fiscal dominance that could force central banks to keep interest rates suppressed and bond returns negative in real terms....

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