Profile
Sector:
Financial ServicesIndustry:
Asset ManagementCountry:
United StatesIPO:
27 May 2011Website:
http://www.jhinvestments.comNext earnings report:
N/ALast dividends:
13 September 2024Next dividends:
N/APrice
regular market | Thu, 21 Nov 2024 14:30:00 GMTAnalysts recommendations
Institutional Ownership
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HEQ Latest News
BOSTON , Sept. 30, 2024 /PRNewswire/ - John Hancock Hedged Equity & Income Fund (NYSE: HEQ) (the "Fund"), a closed-end fund managed by John Hancock Investment Management LLC (the "Adviser") and subadvised by Wellington Management Company LLP (the "Subadviser"), announced today sources of its quarterly distribution of $0.2500 per share paid to all shareholders of record as of September 13, 2024, pursuant to the Fund's managed distribution plan.
John Hancock Hedged Equity & Income Fund joins the penalty box of distribution cutters, leading to a deep discount. Limited recovery in the broader market outside of mega-cap growth names keeps pressure on equity funds invested more broadly. HEQ's low beta and derivatives hedge strategy may limit downside risk, but caution should be considered as I don't believe this is a buy-and-hold type of fund.
HEQ: Weak Equity CEF Cutting Its Distribution
The John Hancock Hedged Equity & Income Fund is designed to hedge one's portfolio, investing in a diversified mix of value-oriented sectors and employing options writing and futures contracts strategies. The fund's deep discount and history of touching premium levels make it a potentially strong entry point for investors looking to diversify and hedge their portfolio against a potential market drop. However, HEQ is not recommended as a long-term buy-and-hold position but rather as a tactical trading opportunity due to its hedging strategy and limited upside potential in bull markets.
What type of business is John Hancock Hedged Equity & Income Fund?
John Hancock Hedged Equity & Income Fund is a closed-ended equity mutual fund launched and managed by John Hancock Investment Management LLC. The fund is co-managed by Wellington Management Company LLP. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in stocks of companies across all market capitalizations. The fund also invests through derivatives such as call options and equity futures. John Hancock Hedged Equity & Income Fund was formed on May 26, 2011 and is domiciled in the United States.
What sector is John Hancock Hedged Equity & Income Fund in?
John Hancock Hedged Equity & Income Fund is in the Financial Services sector
What industry is John Hancock Hedged Equity & Income Fund in?
John Hancock Hedged Equity & Income Fund is in the Asset Management industry
What country is John Hancock Hedged Equity & Income Fund from?
John Hancock Hedged Equity & Income Fund is headquartered in United States
When did John Hancock Hedged Equity & Income Fund go public?
John Hancock Hedged Equity & Income Fund initial public offering (IPO) was on 27 May 2011
What is John Hancock Hedged Equity & Income Fund website?
https://www.jhinvestments.com/Fund/Overview.aspx?ProductType=ClosedEnd&FundID=2Y61&ClassCode=CE
Is John Hancock Hedged Equity & Income Fund in the S&P 500?
No, John Hancock Hedged Equity & Income Fund is not included in the S&P 500 index
Is John Hancock Hedged Equity & Income Fund in the NASDAQ 100?
No, John Hancock Hedged Equity & Income Fund is not included in the NASDAQ 100 index
Is John Hancock Hedged Equity & Income Fund in the Dow Jones?
No, John Hancock Hedged Equity & Income Fund is not included in the Dow Jones index
When was John Hancock Hedged Equity & Income Fund the previous earnings report?
No data
When does John Hancock Hedged Equity & Income Fund earnings report?
Next earnings report date is not announced yet