Clough Global Equity Fund (GLQ) Stock

GLQ has significantly reduced its leverage from 40% to 12%, making it a less volatile and more suitable fund for today's uncertain macro environment. The fund has outperformed the S&P 500 and Nasdaq in 2024, driven by strong security selection, particularly in tech and semiconductor stocks. GLQ's discount to NAV has narrowed from -20% to -14%, reflecting improved market perception and structural normalization.

The Clough Global Equity Fund is heavily invested in the United States, which may not be ideal for American investors seeking geographic diversification. The GLQ closed-end fund has experienced significant losses, down 64.83% since November 2021, due to its high level of leverage and exposure to the American equity markets. Despite its poor performance, the fund offers a high distribution yield of 12.93%, which may offset some of the share price declines for investors.