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. reports recurring closed-end fund updates for its NYSE-listed shares under the symbol ASG. The fund seeks long-term capital appreciation through a diversified equity portfolio and uses a multi-manager growth strategy with distinct small-, mid- and large-capitalization mandates selected and monitored by its investment advisor.
Company news commonly covers monthly net asset value, market price and discount data, total-return performance, sector allocation across areas such as information technology, industrials, health care and consumer discretionary, quarterly distribution declarations, dividend reinvestment mechanics and investment manager changes within the fund's growth portfolio structure.
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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