Mlenny
Thesis
Royce Global Value Trust (NYSE:RGT) is an equities CEF. As per its literature, the fund is:
• A closed-end fund dedicated to investing in both U.S. and non-U.S. small-cap stocks.
• Core approach that offers wide exposure to both
RGT: Disappointing Small Cap Equity CEF
Summary
- Royce Global Value Trust is an equities CEF.
- The fund focuses on international small capitalization stocks.
- The vehicle has a managed distribution plan, but has failed to beat simple ETFs in the space on 5- and 10-year lookback periods.
- The CEF is trading with a discount to NAV, but has done so in the past 10 years due to its chronic laggard total return.
- This article covers CEFs and related analytics.
With an investment banking cash and derivatives trading background, Binary Tree Analytics ('BTA') aims to provide transparency and analytics in respect to capital markets instruments and trades. BTA focuses on CEFs, ETFs and Special Situations, and aims to deliver high annualized returns with a low volatility profile. We have been investing for over 20 years after obtaining a Finance major at a top university.
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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