US Buy- ETW -E Vance Tax-Man Global Buy-Write Fund ETW

Bought Eaton Vance Tax-Managed Global Buy-Write
Opportunities Fund ETW. This is a defensive
long term buy. It holds mostly large cap
dividend paying blue chips + sells calls
against the stock it holds to generate extra
income + smooth out overall returns. It’s
expense ratio is just over 1% (ok) + trades at
a small premium to assets. The other funds that
use the Buy-Write technique trade at much larger
premiums to NAV with similar expense ratios.

eg S&P 500 Covered Call Fund Inc (BEP) trades at
a ridiculous 13% premium! The Enhanced S&P 500
Covered Call Fund (BEO) trades at a 7.3% premium
to NAV.ING GLobal Equity Dividend Premium (IGD)
trades at a 1.95% premium to NAV. BlackRock
Enhanced Equity Yield Fund, Inc. (EEF) trades
at an 8.25% premium to NAV. 

http://www.etfconnect.com/select/fundpages/global.asp?MFID=150450

Stock = (ETW-N) E Town - Buy 

Quantity = 40  Price = $19.77

Gross = $790.80dr

Net = $806.75dr