CPZ - GLQ: Appears To Be Improving But Still Overexposed To The United States
2024-06-27 16:15:24 ET
Summary
- The Clough Global Equity Fund offers a high yield of 10.50%, which is higher than most of its peers and will likely appeal to income-seeking investors.
- The GLQ closed-end fund primarily invests in equity securities, which may be more beneficial in combating inflation compared to fixed-income securities.
- The fund has a higher level of American exposure than its peers, so it is not as good of a choice for those who are looking for global diversification.
- The fund failed to cover its distribution during the previous fiscal year, but it appears to have improved since that time.
- The fund is trading at an enormous discount on net asset value.
The Clough Global Equity Fund ( GLQ ) is a closed-end fund, or CEF, that income-focused investors can purchase as a method of pursuing their goals. The fund does very well at this, just like most funds from Clough Capital Partners. As of the time of writing, the fund yields an impressive 10.50%, which generally compares pretty well to its peers:
| Fund Name |
| Morningstar Classification |
| Current Yield |
| Clough Global Equity Fund |
| Equity-Global Equity |
| 10.50% |
| Allspring Global Dividend Opportunity Fund ( EOD ) |
| Equity-Global Equity |
| 9.20% |
| Calamos Long/Short Equity & Dynamic Income Trust ( CPZ ) |
| Equity-Global Equity |
| 11.05% |
| Eaton Vance Tax-Advantaged Global Dividend Income Fund ( ETG ) |
| Equity-Global Equity |
| 8.40% |
| John Hancock Hedged Equity & Income Fund ( HEQ ) |
| Equity-Global Equity |
| 9.79% |
| Lazard Global Total Return and Income Fund ( LGI ) |
| Equity-Global Equity |
| 7.56% |
| abrdn Total Dynamic Dividend Fund ( AOD ) |
| Equity-Global Equity |
| 8.26% |