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21 out of 24 CEF sectors positive on price and 22 out of 24 sectors positive on NAV last week. US equity leads while emerging market income lags. Asia equity is the highest-yielding CEF sector. For further details see: Weekly Closed-End Fund Roundup: November 7, 2021
RF Capital Group Inc. (RCG) Q3 2021 Earnings Conference Call November 05, 2021 10:00 AM ET Company Participants Rocco Colella - Managing Director, Investor Relations Kish Kapoor - President, Chief Executive Officer Tim Wilson - Chief Financial Officer Conference Call Participants Jeff Fenwick...
RENN Global Entrepreneurs Fund (NYSE:RCG): Q3 Net Loss of $8.4M. Revenue of $79.68M (+962.4% Y/Y) Press Release For further details see: RENN Global Entrepreneurs Fund reports Q3 results
While preference for growth or value investing can depend on factors like the economic cycle or time horizon, uncertainty in the current environment has amplified the growth vs. value debate. Although high-growth investments may seem more enticing during hot equity markets, value inve...
The post-lockdown recovery has been powerful, and most developed economies have seen double-digit gross domestic product (GDP) rebounds from 2020 lows. The reopening trade should resume in coming months. The cyclical stocks that comprise the value factor are reporting stronger earning...
Much of the outperformance of growth vs. value is explained by the persistently low-rate environment. Correlations between performance and the change in 10-year Treasuries seem to be getting stronger. Rolling 1-year correlation between changes in Treasury rates and growth/value re...
Interest rates are falling following the weaker CPI reading. Rates are likely to fall even further as the economy continues to slow. However, this time falling rates won't result in growth stocks rising. For further details see: Falling Rates Won't Save Growth Stocks Thi...
Equity markets were broadly higher in August, propelled by a late-month resurgence in risk appetite. The FTSE Emerging index rose 2.8% in for all of August, and along with Japan and the US, outperformed the FTSE Developed index gain of 2.6%. Small caps enjoyed a similar renaissanc...
For the tenth month running, equity CEFs on average posted positive returns, rising 1.43% on an NAV basis for August. While, for the sixth consecutive month, fixed income CEFs posted plus-side returns (+0.29%). Thirty-seven percent of all CEFs traded at a premium to their NAV, wit...
The economic slowdown we’ve been writing about for months officially arrived last Friday in the form of a particularly weak employment report. But the US economy did still add 235,000 jobs in August. The economic recovery is still intact, even if at a reduced rate of change. ...
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The RENN Fund, Inc. (NYSE MKT: RCG) (the “Fund”) announced today a record date for the Fund’s year-end distribution in the event a distribution is made. The record date will be December 20, 2022 and Pay-Date of December 30, 2022. The Fund will make an announcement on or about...
Third paragraph, first sentence of release should read: The Fund sold an aggregate of 1,063,830 shares of common stock at a purchase price of $1.98 per share. (instead of 1,487,989 shares). The updated release reads: RENN FUND, INC. ANNOUNCES RESULTS OF RIGHTS OFFERING T...
The RENN Fund, Inc. (NYSE MKT: RCG) (the “Fund”) announced today that they have declared a year-end distribution of income in the amount of $0.022602 per share, payable on December 30, 2021, to stockholders of record on December 20, 2021. The Fund will trade with due bills...