LGI - LGI: Strong Global Equities Fund 7.23% Distribution Yield 10.9% Discount To NAV
The Lazard Global Total Return & Income Fund (LGI) is a leveraged CEF focusing on global equities, with some smaller investments in emerging market debt and currencies. LGI, unlike the vast majority of its peers, has slightly outperformed comparable global equity index funds, while boasting a strong 7.23% distribution rate and an attractive 10.93% discount to NAV. LGI is a strong global equities fund and is particularly appropriate for income investors or retirees who wish to invest in higher-yielding alternatives in this space, but without sacrificing potential capital gains and returns.
Fund Basics
- Sponsor: Lazard