NBXG - NBXG: A Good Way To Buy Technology At A Discount
2024-06-19 04:06:50 ET
Summary
- Neuberger Berman Next Generation Connectivity Fund Inc went public in May 2021, and had poor performance in 2022.
- The fund's top ten holdings shifted from high-growth companies with very high valuations to more mainstream larger-cap technology issues by May 31, 2024.
- Despite poor 3-year performance, recent improvements, activist involvement, and potential discount narrowing make NBXG worth considering for exposure to the tech and communications sectors.
- The fund's distribution yield is 9.4%.
The Neuberger Berman Next Generation Connectivity Fund Inc ( NBXG ) chose a bad time to go public, in May 2021. It came out at $20 and traded sideways for a while even after covering its distributions, but then got hit very hard by the bear market in 2022....
NBXG: A Good Way To Buy Technology At A Discount