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.
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.
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.
Here's an idea that might sound just a little bit odd at first: You can actually get retirement-investing advice that's too conservative.
ASG and USA are closed-end funds with managed distribution plans, providing higher distributions to income-investors quarterly. Both funds use a multi-manager approach to help manage different sleeves of their portfolio.
Closed-end funds (CEFs) are my No. 1 income plays for a reason that goes beyond their huge dividends: We can tap these off-the-radar (for now!
Vancouver, British Columbia--(Newsfile Corp. - May 28, 2024) - Asante Gold Corporation (CSE: ASE) (GSE: ASG) - In the vibrant gold mining landscape of Ghana, Asante Gold emerges as a leader, championing the fusion of traditional gold mining with innovative practices. Operating the prestigious Bibiani and Chirano Gold Mines, Asante has demonstrated its prowess by pouring approximately 220,000 ounces of gold in 2023, nearing its projected targets.
Liberty All-Star Growth is a closed-end fund that invests in the equities of growth-oriented stocks. The ASG CEF uses zero leverage, which can be beneficial in a down market and high-interest environment. While ASG's performance is decent, it lags its sister fund, Liberty All-Star Equity, which has a different focus.