Become A Wiser, More Profitable Investor

GAB: Despite 15% Price Loss, This High-Yielding CEF Isn't Undervalued - Seeking Alpha

Gabelli Equity Trust Inc. (NYSE:GAB) is a closed ended equity mutual fund (CEF) launched by GAMCO Investors, Inc. This CEF is managed by Gabelli Funds, LLC. The fund primarily invests in value stocks of companies across diversified sectors primarily in the US equity markets. 17.3 percent of its total assets are invested in equity markets outside the US. The fund uses a bottom-up stock picking approach to create its portfolio. In the Bottom-up investing approach, these funds analyze individual stocks, not the industry or economy, and de-emphasizes the correlation of macroeconomic conditions and market cycles. GAB seeks to benchmark itself against the performances of the S&P 500 Index, Dow Jones Industrial Average, and Nasdaq Composite Index.

seekingalpha.com     Jan 29, 2023