Nuveen Investments’ Global Equity Income Fund (NYSE: JGV) has implemented a currency hedging program effective 1 January, 2016.
Under the previously announced program, the fund will systematically hedge the currency risk from its investments in non-US dollar denominated foreign equity securities. The goal of the program is to enhance shareholder value by offering a global portfolio of attractive, dividend-paying stocks without the additional risk from currency exposure.
The program is being implemented to differentiate the fund more clearly from peers, potentially reduce incremental volatility from currency exposure and allow the fund to implement its managed distribution policy more effectively.
Nuveen Investments’ Global Equity Income Fund (NYSE: JGV) has implemented a currency hedging program effective 1 January, 2016.
Under the previously announced program, the fund will systematically hedge the currency risk from its investments in non-US dollar denominated foreign equity securities. The goal of the program is to enhance shareholder value by offering a global portfolio of attractive, dividend-paying stocks without the additional risk from currency exposure.
The program is being implemented to differentiate the fund more clearly from peers, potentially reduce incremental volatility from currency exposure and allow the fund to implement its managed distribution policy more effectively.
