Western Asset Global Corporate Defined Opportunity Fund Inc. (GDO)
Western Asset Global Corporate Defined Opportunity Fund Inc. operates in the Asset Management - Global industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $10.28, down 0.19% on the session, giving a market capitalisation of $77.3M. On trailing twelve-month figures it carries a trailing P/E of 8.43, a net margin of 92.0%. Its beta of 0.64 implies it has historically moved less than the broad market.
The Western Asset Global Corporate Defined Opportunity Fund Inc. is a U.S.-domiciled, closed-end mutual fund that primarily invests in global fixed income markets. Established on September 17, 2009, its primary management is handled by Legg Mason Partners Fund Advisor, LLC. The fund also benefits from the co-management expertise of several Western Asset Management entities, specifically Western Asset Management Company, Western Asset Management Company Pte. Ltd., Western Asset Management Company Ltd., and Western Asset Management Company Limited. This fund strategically allocates capital to high-quality, investment-grade debt securities, constructing its portfolio through rigorous proprietary research. To assess its performance, the fund benchmarks its returns against the Barclays Capital Global Aggregate Corporate Index. It was previously known as Western Asset Global Credit Defined Opportunity Fund Inc.
Western Asset Global Corporate Defined Opportunity Fund Inc. is most often compared with the following Financial Services names: