JRI - CEF With 8% Dividend Offering Global Exposure

Published Wed, 20 Aug 2014 17:20:11 -0400 on Seeking Alpha

The Nuveen Real Asset Income and Growth Fund (NYSE: JRI) is a two-year-old CEF that offers investors exposure to global real asset investments, including infrastructure projects and REITs. I usually shy away from young funds, but a secure dividend and superior NAV growth are very attractive. JRI trades at a 6.6% discount to NAV, although this is above its historical levels. NAV growth is above 20% for the year. JRI data by YCharts Management JRI is managed by a team of three managers that have been in place since the Fund's inception. Jay Rosenberg is the creator of Nuveen's global infrastructure strategy and also co-manages their product. John Wenker heads the real asset strategy and is a member of Nuveen's Asset Allocation Committee. Jeffrey Schmitz co-manages Nuveen's High Income Bond product. Unfortunately, InsiderInsight.com does not have any information as to whether or not the managers own any JRI. Dividend JRI pays... Read more