A Low Cost Global Equities Investing Idea
Monday, April 12th, 2010George Spritzer submits:
Nuveen Global Value Opportunities Fund (JGV) is a closed end fund that invests in global equities in all capitalization ranges, including common stocks, preferred stocks with equity characteristics, convertibles, warrants, rights, ADRs, and REITs. The fund also invests in US and foreign corporate loans, governmental bonds and other debt instruments, including bonds rated below investment grade. The fund normally invests around 80% of managed assets in equities and the remainder in debt, but this mix is actively managed. The fund may sell and buy options and/or sell short, to a modest degree. It may use leverage and uses active tactical asset allocation.
JGV provides a low cost way for retail investors to gain access to the highly respected Tradewinds Global Investor team. The Nuveen Tradewinds Global All-Cap Fund ((NWGRX)) is similar to JGV, but is very expensive to purchase for retail investors. Yahoo ranked the NWGRX fund as #1 in its category for three year performance out of 545 funds. But a retail investor who invests directly (without a financial advisor) needs at least $1 million to purchase NWGRX.
