Voya Announces Investor Call to Discuss the Following Board Approved Changes to the Principal Investment Strategies & the Pri...
12 Dicembre 2020 - 12:26AM
Business Wire
The Board of Trustees (“the Board”) of Voya Global Equity
Dividend and Premium Opportunity Fund (the “Fund”) (NYSE:
IGD) has approved changes to the Fund’s principal investment
strategies and primary benchmark (from MSCI World IndexSM to the
MSCI World Value IndexSM). The proposed changes to the Fund’s
principal investment strategies better describe the security
selection process resulting from the change in benchmark. Each of
the foregoing changes will be effective on or about December 31,
2020.
Information regarding the investor call details can be found
later in this press release.
Investment Strategies
The Fund will maintain its current, primary investment objective
of providing a high level of income, and its secondary objective of
capital appreciation. The Fund will continue to utilize an
integrated option strategy. A description of the revised portions
of the Fund’s equity investment strategies are included below:
The Fund seeks to invest in a portfolio of equity securities
included in the MSCI World Value IndexSM (the “Index”) and will
select securities based upon quantitative analysis. The Sub-Adviser
creates a target universe that consists of dividend paying
securities by screening for companies that exhibit stable dividend
yields within each industry sector. Once the Sub-Adviser creates
this target universe, the Sub-Adviser seeks to identify the most
attractive securities within various geographic regions and sectors
by ranking each security relative to other securities within its
region or sector, as applicable, using proprietary fundamental
sector-specific models. The Sub-Adviser then uses optimization
techniques to seek to achieve the portfolio’s target dividend
yield, which is expected to be higher than the Index in aggregate,
manage target beta, determine active weights, and neutralize region
and sector exposures in order to create a portfolio that the
Sub-Adviser believes will provide the potential for maximum total
return consistent with maintaining lower volatility than the Index.
Under certain market conditions, the Fund will likely earn a lower
level of total return than it would in the absence of its strategy
of maintaining a relatively lower level of volatility.
Portfolio Management
The Fund is managed by Paul Zemsky, CFA, Vincent Costa, CFA, Peg
DiOrio, CFA, and Steve Wetter, Voya Investment Management Co. LLC
(“VIM”) — the Sub-Adviser.
Upcoming Webcast
Voya Investment Management, the asset management business of
Voya Financial, Inc., will host a webcast for Voya Global Equity
Dividend and Premium Opportunity Fund on Thursday, December 17,
2020 from 5:00 p.m. - 5:30 p.m. ET.
Hosted by Vinnie Costa, Portfolio Manager, the conference call
will provide:
- A review of the strategy and benchmark changes
- A review of the markets that the funds invest in
To register for the webcast, please visit
www.voyainvestments.com/CEF. The investment team will also address
investor questions. To submit questions in advance, please email
VoyaIMClosedEndFunds@voya.com by Wednesday, December 16th.
A replay will be made available on our website for those who
cannot attend.
About Voya Investment
Management
A leading, active asset management firm, Voya Investment
Management manages, as of September 30, 2020, over $238 billion for
affiliated and external institutions as well as individual
investors. With more than 40 years of history in asset management,
Voya Investment Management has the experience and resources to
provide clients with investment solutions with an emphasis on
equities, fixed income, and multi-asset strategies and solutions.
Voya Investment Management was named in 2015, 2016, 2017, 2018 and
2019 as a “Best Places to Work” by Pensions and Investments
magazine. For more information, visit voyainvestments.com. Follow
Voya Investment Management on Twitter @VoyaInvestments.
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SHAREHOLDER INQUIRIES: Shareholder Services at (800) 992-0180;
voyainvestments.com
CONTACT: Kris Kagel, (212) 309-6568
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