Eaton Vance has launched the Eaton Vance Tax-Managed Dividend Income Fund, an equity-income fund designed to take advantage of new favorable tax rates on dividend income.

The fund's investment objective is to achieve after-tax total return. It invests mainly in common and preferred stocks that pay dividends that qualify for the new federal tax rules. Under the new legislation, the most dividends will be taxed is at 15%, compared to the 35% ceiling rate on ordinary returns, according to the firm.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.