Highland Global Allocation Fund (HGLB)

Highland Global Allocation Fund (HGLB $10.15)
- $10.15 P/E (TTM): 11.56X Cap: $223M
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Highland Global Allocation Fund (HGLB $10.15)
- $10.15 P/E (TTM): 11.56X Cap: $223M
- View HGLB Profile
- View Questions on HGLB

Q: HGLB on NYSE is held by RY and couple of US banks. Yield is 16.5% Can this be real and how can they generate this large Yield.? Why would RY be interested in this fund ? Am I missing something? Is it a good LT hold for a retiree? Only a couple years old, again why would the banks buy in.? Please make sense of it.
Thanks
Cec

Read Answer Asked by Cecil on December 01, 2020