Voya Emerging Markets High Dividend Equity Fund is one of the few remaining closed-end funds focusing on emerging markets. Fund's performance history is poor, but it offers a high yield of 12.02%, which is fully covered. Portfolio is diversified, but exposure to China poses a risk. Current valuation at a 13.33% discount on net asset value is reasonable.
Voya Emerging Markets High Dividend Equity Fund's core investment strategy revolves around targeting stocks with sustainable dividend characteristics. Performance analysis of IHD reveals a robust forward yield of 11.84%. Investing in the IHD closed-end fund offers several advantages.
IHD has been consistently generating high yields since it started its operations 12 years back. The annual average yield since 2013 has been almost 11.5 percent. IHD focuses on China, India, Taiwan, and South Korea - four economies that have investment-grade sovereign ratings and above-average growth potential.