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The New Germany Fund, Inc. (GF) has a 28-year record of good returns
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GF correlation to U.S. Stock Market: 0.78
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GF has outperformed an S&P 500 ETF by 0.66% CAGR since February 1993
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GF has a current dividend yield of 4.74%
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GF has a current discount to NAV of -13.72%
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Fund Structure: CEF (Closed End Fund)
GF vs SPY: February 1993 – April 2021
GF vs SPY: January 29, 1993 – May 14, 2021
GF vs VFINX: February 1990 – April 2021
INVESTMENT OBJECTIVE & RISKS
The fund seeks long-term capital appreciation primarily through investment in middle-market German equities. Closed-end funds, unlike open-end funds, are not continuously offered. There is a one time public offering and once issued, shares of closed-end funds are sold in the open market through a stock exchange. Shares of closed-end funds frequently trade at a discount to net asset value. The price of the fund’s shares is determined by a number of factors, several of which are beyond the control of the fund. Therefore, the fund cannot predict whether its shares will trade at, below or above net asset value. Investing in foreign securities, particularly of emerging markets, presents certain risks, such as currency fluctuations, political and economic changes, and market risks. Any fund that concentrates in a particular segment of the market or a particular geographical region will generally be more volatile than a fund that invests more broadly. War, terrorism, economic uncertainty, trade disputes, public health crises (including the recent pandemic spread of the novel coronavirus) and related geopolitical events could lead to increased
market volatility, disruption to U.S. and world economies and markets and may have significant adverse effects on the fund and its investments.
- Inception Date: January 30, 1990
- Assets Under Management: $351,000,000
- 30-Day Average Volume: 19,026 Shares/Day
- Price/Earning Ratio: 26.21
- Price/Book Ratio: 2.49
- 12 Month Trailing Yield: 4.74%
- Expense Ratio: 1.11%
- Number of Holdings: 69
- Correlation to U.S. Markets: 0.79
- Premium/Discount to NAV: -13.72%
GF Top 10 Holdings:
GF Sector Holdings:
GF Geographic Distribution:
GF Types of Securities:
Thank you for taking time to read this article. If you found it useful, please share it with a friend.
Respectfully yours, Micah McDonald, aka the Deep Value ETF Accumulator
Disclosure: We do not currently own shares of GP, but we do intend to buy shares in the future. I am not a professional investment advisor. Please perform your own due diligence or seek the advice of a Registered Investment Advisor before investing in any security mentioned in this article. This website contains affiliate links to M1 Finance and Google AdSense.