Welcome to our dedicated page for Liberty All-Star Growth news (Ticker: ASG), a resource for investors and traders seeking the latest updates and insights on Liberty All-Star Growth stock.
Liberty All-Star Growth Fund Inc (ASG) generates news primarily related to its monthly performance results and quarterly distribution announcements. As a closed-end fund trading on the New York Stock Exchange, the fund regularly discloses its net asset value, market price, and the resulting premium or discount at which shares trade relative to the underlying portfolio value.
Tracking ASG news provides insights into the fund's distribution policy, which is particularly relevant for income-focused investors monitoring the fund's quarterly payments. The fund's monthly performance updates reveal how its multi-manager approach performs across different market conditions, showing whether the diversification across independent portfolio managers is delivering intended results. Additionally, news about changes to the fund's management team or adjustments to the allocation among sub-advisors can signal shifts in investment strategy.
For investors analyzing closed-end funds, monitoring the relationship between ASG's market price and net asset value over time helps identify opportune entry points when shares trade at wider-than-normal discounts. Distribution announcements are equally important, as changes in distribution amounts or frequency can affect both the fund's yield appeal and its market price. Regular news monitoring allows investors to stay informed about these key metrics without manually tracking daily price and NAV data.
The Liberty All-Star Growth Fund (NYSE: ASG) released its August 2024 Monthly Update. The fund, which combines three growth-style investment managers focusing on small-, mid-, and large-cap stocks, reported a 2.05% increase in Net Asset Value (NAV) and a 1.29% increase in market price for the month. Year-to-date performance showed gains of 10.60% for NAV and 10.75% for market price. The fund's total net assets at month-end were $361.2 million, with 98.3% invested in equities. The top three sector allocations were Information Technology (26.4%), Health Care (21.4%), and Industrials (16.5%). The fund's top holding was Amazon.com at 2.4% of the equity portfolio. New holdings added include Halozyme Therapeutics, MYR Group, and US Foods Holding Corp, while Darden Restaurants, Definitive Healthcare, and STERIS PLC were liquidated.
The Liberty All-Star Growth Fund, Inc. (NYSE: ASG) released its July 2024 Monthly Update. The fund, which combines three growth-style investment managers focusing on small-, mid-, and large-cap stocks, reported a net asset value (NAV) of $5.84 and a market price of $5.41 at month-end. The fund's performance for the month was 2.39% (NAV) and 3.56% (market price), with year-to-date performance at 8.35% and 9.31% respectively.
The fund's total net assets were $351.5 million, with 99.1% invested in equities. The top three sectors in the portfolio were Information Technology (26.6%), Health Care (21.6%), and Industrials (16.4%). The fund added four new holdings and liquidated four others during the month. A distribution of $0.12 per share was made on July 19th.
The Liberty All-Star Growth Fund, Inc. (NYSE: ASG) has released its June 2024 Monthly Update. The fund, which combines three growth style investment managers focusing on small-, mid-, and large-cap stocks, reported a net asset value (NAV) of $5.83 and a market price of $5.34 at month-end. The fund's performance for the month was 1.57% (NAV) and 2.10% (market price), with year-to-date performance at 5.82% and 5.55% respectively.
The fund's top holdings include Microsoft, Amazon, and SPS Commerce. The sector breakdown shows a significant allocation to Information Technology (27.4%), Health Care (20.3%), and Industrials (17.5%). New additions to the portfolio include Apple and Gartner, while holdings in Bruker Corp and ChampionX Corp were liquidated.
The Board of Directors of Liberty All-Star Growth Fund (NYSE: ASG) announced a $0.12 per share distribution, payable on September 3, 2024, to shareholders recorded by July 19, 2024. This aligns with the Fund's policy of distributing approximately 8% of its net asset value annually in four quarterly payments of 2%. The source of this distribution may include net income, capital gains, or return of capital. Shareholders will receive new shares unless they opt for cash. The issued shares will be priced at the lower of the August 16, 2024 net asset value or market value, but not less than 95% of market value. The Fund's shares are listed on the NYSE under ASG, and ALPS Advisors, Inc. manages the Fund. As of July 5, 2024, the Fund managed over $352 million in net assets.
The Liberty All-Star Growth Fund (ASG) released its May 2024 monthly update, detailing performance and portfolio changes. The Fund, using an all-cap growth strategy, combines three investment managers focused on small, mid, and large-cap growth stocks. The top holdings, representing 33.7% of the equity portfolio, include SPS Commerce, Amazon, and Microsoft. Monthly performance showed a NAV increase of 2.87% and a market price increase of 2.75%, with year-to-date returns at 4.19% and 3.38% respectively. Net assets totaled $345.5 million with a 98.2% investment rate. Sector-wise, Information Technology leads at 24.3%, followed by Health Care at 21.2%. The Fund added Meta Platforms and liquidated five holdings. It trades at a discount of 8.9% to NAV, with total returns including dividends and net of fees.
The Liberty All-Star Growth Fund (NYSE: ASG) announced that Westfield Capital Management will join as one of its investment managers, pending stockholder approval at the annual meeting on August 28, 2024.
Westfield will manage the large-cap growth portion of the Fund, taking over from Sustainable Growth Advisers. Weatherbie Capital and Congress Asset Management will continue managing the small-cap and mid-cap growth portions respectively. The Fund, managed by ALPS Advisors, has over $347 million in net assets as of June 6, 2024, and trades on the NYSE.
Investors are reminded that the Fund involves risks, including loss of principal, and trades in the secondary market. For more information, contact Liberty All-Star Growth Fund or visit their website.
The Liberty All-Star Growth Fund (NYSE: ASG) released its April 2024 monthly update, detailing its investment strategy and performance. The fund integrates three distinct growth style managers focusing on small-cap, mid-cap, and large-cap investments. Key holdings include SPS Commerce (2.4%), Amazon (2.3%), and Microsoft (2.2%).
The fund's NAV decreased from $6.08 to $5.58, and the market price fell from $5.49 to $5.09, reflecting monthly performance declines of 6.06% and 5.10%, respectively. Year-to-date, the NAV and market price increased by 1.36% and 0.69%.
The sector allocation as of April 30, 2024, includes Information Technology (24.2%), Health Care (22.3%), and Industrials (17.3%). New additions to the portfolio are Descartes Systems Group, First Advantage Corp, and others, while Agiliti and Dril-Quip were liquidated. Total net assets stood at $333.0 million, with equities at $335.8 million.
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