NBXG - NBXG: Deep Discount Remains On This Tech-Heavy Fund
2024-03-30 08:24:23 ET
Summary
- Neuberger Berman Next Generation Connectivity Fund (NBXG) got off to a rough start, but 2023 and 2024 have been showing much more promise for this fund.
- NBXG invests primarily in tech companies, which are showing some rich valuations but are also exhibiting expectations for impressive earnings growth.
- The fund holds private investments and finally saw some revaluations to help with confidence in the fund's actual net asset value.
Written by Nick Ackerman, co-produced by Stanford Chemist.
The Neuberger Berman Next Generation Connectivity Fund ( NBXG ) is a fund focused on "next-generation mobile network connectivity and technology." Thanks to its heavy tilt toward technology companies, the fund performed quite well in 2023, and 2024 is also looking quite promising. At the same time, this closed-end fund's share price sports a deep discount as it trades well below its net asset value per share.
Since our last update , the fund has performed incredibly well. Some of this performance came from a bit of discount narrowing during this time as well. The fund also experienced the market correction last October and has seen a bit of a downturn more recently as well. After such a hot run, it can make sense to see a pause and pullback....
NBXG: Deep Discount Remains On This Tech-Heavy Fund