GGZ - A Deeply Discounted Closed-End Fund From The Gabelli Universe
The Gabelli Global Small and Mid Cap Value Fund (GGZ) is a closed-end fund employing some leverage and distributing substantially all of its net investment income and net realized gains. Closed-end funds are in the habit of trading at a discount or premium to their stated net asset value. If you read my articles, there's a decent chance you will self-identify as a value investor. Historically, it is highly unusual for value to underperform growth over a rolling 10-year period. I found some data on the subject from Causewaycap illustrating the usual gap: