GLQ - GLQ: Distribution Hike And 12% Yield Doesn't Change The Big Picture
2024-01-30 11:04:41 ET
Summary
- GLQ has significantly underperformed its global equity strategy benchmarks over the last several years.
- The fund's use of leverage has added to volatility and pressured returns amid high interest rates.
- While the fund's 12% distribution yield appears compelling, we believe there are better alternatives for investors in this market segment.
Clough Global Equity ( GLQ ) invests across U.S. and international stocks through an actively managed closed-end fund structure. The attraction here is the 12% distribution yield with a monthly payout that was recently increased . That being said, the fund return history leaves much to be desired....
GLQ: Distribution Hike And 12% Yield Doesn't Change The Big Picture