Wstrn Asst Emrgng Mrkts Incm Fnd (EMD) : Deschutes Portfolio Strategy reduced its stake in Wstrn Asst Emrgng Mrkts Incm Fnd by 66.18% during the most recent quarter end. The investment management company now holds a total of 205,788 shares of Wstrn Asst Emrgng Mrkts Incm Fnd which is valued at $2,337,752 after selling 402,712 shares in Wstrn Asst Emrgng Mrkts Incm Fnd , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.Wstrn Asst Emrgng Mrkts Incm Fnd makes up approximately 1.24% of Deschutes Portfolio Strategy’s portfolio.
Other Hedge Funds, Including , Creative Planning boosted its stake in EMD in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 439 shares of Wstrn Asst Emrgng Mrkts Incm Fnd which is valued at $4,912. Lenox Wealth Advisors added EMD to its portfolio by purchasing 1,070 company shares during the most recent quarter which is valued at $11,973.
Western Asset Emerging Markets Income Fund Inc. is a non-diversified closed-end management investment company. The Fund’s primary investment objective is to seek high current income. As a secondary objective the Fund seeks capital appreciation. The Fund under normal conditions invests at least 80% of its net assets plus any borrowings for investment purposes in debt securities of government and government-related issuers located in emerging market countries including participations in loans between governments and financial institutions and of entities organized to restructure the outstanding debt of such issuers and in debt securities of corporate issuers located in emerging market countries. The Fund invests in sovereign bonds energy materials telecommunication services and financials among others. Legg Mason Partners Fund Advisor LLC (LMPFA) is the Fund’s investment manager.