RGT - RGT: Global Exposure With A Tilt Toward Small-Caps
2024-05-23 12:11:03 ET
Summary
- Royce Global Trust provides exposure to a globally diversified equity portfolio with a focus on small-cap companies.
- RGT trades at a rather wide discount, but relative to its historical levels, it doesn't look like too much of a deal today.
- RGT's performance has been mixed compared to its benchmark, but it could be an option for investors seeking some diversification.
Written by Nick Ackerman, co-produced by Stanford Chemist.
Royce Global Trust ( RGT ) provides investors exposure to a globally diversified equity portfolio with an emphasis on small-cap companies. The fund recently changed its name from the Royce Global Value Trust, but the ticker has remained the same, as has the investment policy and objectives.
Small-caps are those with market capitalizations of below $2 billion but at least $250 million. The fund trades at a sizeable discount, though this has historically been the case. It's also different from other closed-end fund peers in that they have an annual distribution policy instead of a more regular monthly or quarterly distribution....
RGT: Global Exposure With A Tilt Toward Small-Caps