Neuberger Next Gen Connectivity Fund Inc (NBXG) is a closed-end management investment company that seeks to provide investors with a high level of total return consisting of capital appreciation and income. The fund invests in a diversified portfolio of global equities, including common stocks, ADRs, and other securities of companies that operate in the communications and information technology industries.
The fund's investment strategy is centered around identifying companies that are involved in the next generation of connectivity, including those engaged in 5G, artificial intelligence, cloud computing, cybersecurity, and the Internet of Things. Its portfolio is designed to offer exposure to companies across the market capitalization spectrum, including large, mid, and small-cap companies.
As of February 18, 2023, NBXG has a market capitalization of approximately $193.5 million. Its net asset value (NAV) per share is $23.81, while its current share price is $21.91. The fund has total assets under management (AUM) of approximately $200 million and a total expense ratio of 0.85%.
Investing in NBXG involves risks, including the possibility of losing some or all of your investment. The fund's share price can be volatile and may fluctuate in response to market conditions, industry trends, and other factors. The fund is also subject to management risk, as the success of its investment strategy is dependent on the ability of its portfolio managers to identify and invest in companies that will perform well in the future. Additionally, the fund is subject to market risk, interest rate risk, credit risk, and other risks associated with investing in securities.
It's important to conduct thorough research and carefully consider your investment objectives, risk tolerance, and financial situation before investing in NBXG or any other investment vehicle. It's recommended to consult with a financial advisor to determine whether NBXG is suitable for your investment portfolio.
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