Virtus Equity & Convertible Income Fund (NIE)
Virtus Equity & Convertible Income Fund operates in the Asset Management - Income industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $25.10, up 0.04% on the session, giving a market capitalisation of $695.5M. On trailing twelve-month figures it carries a trailing P/E of 6.08, a net margin of 131.7%. Its beta of 1.07 implies it has historically moved more than the broad market.
The Virtus Equity & Convertible Income Fund is a closed-end mutual fund designed to invest in a mix of stocks and income-producing convertible securities. It is overseen and managed by Allianz Global Investors Fund Management LLC, with co-management responsibilities held by Allianz Global Investors U.S. LLC. The fund's primary focus is on public equity markets within the United States, targeting companies across diverse economic sectors. A significant portion of its equity holdings comprises growth-oriented companies. Its investment strategy is rooted in comprehensive fundamental analysis, seeking out firms that exhibit characteristics such as exceptional earnings growth, a high return on invested capital, strong or improving financial stability, pronounced competitive advantages, and engagement in developing new technologies. Initially known as the AGIC Equity & Convertible Income Fund, it was established in the United States on February 27, 2007.
Virtus Equity & Convertible Income Fund is most often compared with the following Financial Services names: