Liberty All Star Growth Fund Inc (ASG)
NYSE NYSE Primary Summary
ASG Chart
ASG: Price Drop Provides An Opportunity To Accumulate (Rating Upgrade)
Upgrading ASG to a buy due to positive NAV growth and attractive discount to NAV, despite a 10% price decline since the start of the year. ASG offers a high dividend yield of 9.6%, distributing 8% of NAV annually, making it ideal for income generation rather than price growth. The fund's diverse portfolio, heavily weighted in technology, industrials, and healthcare, positions it to benefit from potential tech sector catalysts like AI market growth.
ASG: Discounted Valuation But Choppy Performance
Liberty All-Star Growth operates as a closed end fund that offers a diverse exposure to equities that have consistent earnings growth and healthy free cash flows. ASG implements a managed distribution amounting to 2% of the fund's NAV on a quarterly basis. The price trades at a discount to NAV valuation that is twice as large as its average discount to NAV.
ASG: 8% Yield, 7% Discount On Growth Stocks
The Liberty All-Star Growth Fund offers diversified exposure to small, medium, and large-cap growth stocks, with a strong focus on tech and healthcare sectors. ASG provides an attractive 8.5% yield, with quarterly distributions tied to its NAV, and a five-year average dividend growth rate of 6.78%. Despite recent performance challenges, ASG is rated a speculative Buy due to its 7.3% discount to NAV and potential for mean reversion.
Liberty All Star Growth Fund Inc Dividends
| ASG In 1 month Estimated | Quarterly | $0.1 Per Share |
| ASG 1 month ago Paid | Quarterly | $0.1 Per Share |
| ASG 4 months ago Paid | Quarterly | $0.12 Per Share |
| ASG 6 months ago Paid | Quarterly | $0.12 Per Share |
| ASG 10 months ago Paid | Quarterly | $0.12 Per Share |
| ASG 18 Apr 2024 Paid | Quarterly | $0.12 Per Share |
Liberty All Star Growth Fund Inc Earnings
| ASG In 1 month Estimated | Quarterly | $0.1 Per Share |
| ASG 1 month ago Paid | Quarterly | $0.1 Per Share |
| ASG 4 months ago Paid | Quarterly | $0.12 Per Share |
| ASG 6 months ago Paid | Quarterly | $0.12 Per Share |
| ASG 10 months ago Paid | Quarterly | $0.12 Per Share |
| ASG 18 Apr 2024 Paid | Quarterly | $0.12 Per Share |
Liberty All Star Growth Fund Inc (ASG) FAQ
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Liberty All Star Growth Fund Inc Profile
| NYSE Exchange | US Country |
Overview
Liberty All-Star Growth Fund Inc. embodies an investment vehicle designed for individuals aiming for capital appreciation. This fund distinguishes itself by concentrating on acquiring a diversified portfolio filled with growth-oriented equities. By targeting stocks that showcase significant growth potential across varying market capitalizations and sectors, it positions itself as a key player for investors seeking exposure to dynamic growth opportunities. The distinctive feature of Liberty All-Star Growth Fund Inc. lies in its multi-manager approach. Engaging several investment firms to handle different segments of its portfolio, the fund ensures an optimal blend of diversification and concentrated growth strategies, thus providing a nuanced balance aimed at maximizing returns. As a closed-end fund, it offers the additional advantage of trading on an exchange, similar to common stocks. This characteristic not only contributes to its liquidity but also subjects it to market-driven price variations, where it might trade at a premium or discount relative to its net asset value, a reflection of the investment community's perceptions and outlook.
Products and Services
- Diversified Portfolio of Growth-oriented Stocks
- Multi-manager Investment Approach
- Exchange-traded and Liquidity
At its core, the Liberty All-Star Growth Fund Inc. is focused on providing investors access to a broad spectrum of high-growth potential equities. By casting a wide net over various industries and market cap levels, the fund aims to capture the growth dynamism inherent in the broader market. This strategic mix is vital for investors looking for growth opportunities that might not be readily available through individual stock investments.
The fund stands out by employing a multi-manager approach, where several reputed investment firms are brought in to manage distinct segments of its portfolio. This methodology allows for the leveraging of specialized expertise across different market segments, enhancing the fund’s ability to identify and capitalize on growth opportunities while maintaining a balanced approach to risk. Each manager’s unique insights contribute to a comprehensive investment strategy designed to outperform in varying market conditions.
Unlike traditional closed-end funds, the Liberty All-Star Growth Fund Inc. is exchange-traded, offering investors the convenience and liquidity akin to that of trading common stocks. This feature significantly enhances the fund’s appeal by providing the flexibility to buy or sell shares on the open market. Moreover, due to its nature, the fund’s share price can fluctuate, trading at times at a premium or discount to its net asset value, offering insights into market sentiments and potential arbitrage opportunities.
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