Q: In terms of safety and long term income in a fairly well diversified portfolio which of the 2 qualify I am 80.
Thanks
Dan
Thanks
Dan
5i Research Answer:
We would be more comfortable with ZWU. DNP is a closed end fund, and trading at a 28% premium to net asset value, which we consider too high. It also uses leverage (28% right now) which of course can boost returns but also can amplify risks. At a lower premium (5%) it might get more interesting but right now ZWU looks much better for a conservative investor.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in ZWU.