As Asset Management businesses, Clough Global Equity Fund (NYSEAMERICAN:GLQ) and Nuveen California AMT-Free Quality Municipal Income Fund (NYSE:NKX), are affected by contrast. This especially applies to their analyst recommendations, profitability, institutional ownership, risk, dividends, earnings and valuation.
Earnings and Valuation
|Gross Revenue||Price/Sales Ratio||Net Income||Earnings Per Share||Price/Earnings Ratio|
|Clough Global Equity Fund||13||21.25||N/A||0.88||14.09|
|Nuveen California AMT-Free Quality Municipal Income Fund||14||14.95||N/A||0.54||27.99|
Table 1 highlights Clough Global Equity Fund and Nuveen California AMT-Free Quality Municipal Income Fund’s gross revenue, earnings per share (EPS) and valuation. Nuveen California AMT-Free Quality Municipal Income Fund is observed to has lower earnings, but higher revenue than Clough Global Equity Fund. The business that is more affordable between the two has a lower price-to-earnings ratio. Clough Global Equity Fund has been trading at a lower price-to-earnings ratio than Nuveen California AMT-Free Quality Municipal Income Fund, which means that it is at the moment the more affordable of the two companies.
Table 2 shows us the net margins, return on assets and return on equity of both businesses.
|Net Margins||Return on Equity||Return on Assets|
|Clough Global Equity Fund||0.00%||0%||0%|
|Nuveen California AMT-Free Quality Municipal Income Fund||0.00%||0%||0%|
Institutional & Insider Ownership
Roughly 27.94% of Clough Global Equity Fund shares are held by institutional investors while 15.51% of Nuveen California AMT-Free Quality Municipal Income Fund are owned by institutional investors. About 0.04% of Clough Global Equity Fund’s share are held by insiders.
In this table we provide the Weekly, Monthly, Quarterly, Half Yearly, Yearly and YTD Performance of both pretenders.
|Performance (W)||Performance (M)||Performance (Q)||Performance (HY)||Performance (Y)||Performance (YTD)|
|Clough Global Equity Fund||-2.52%||-4.55%||-7.82%||1.83%||-14.63%||14.11%|
|Nuveen California AMT-Free Quality Municipal Income Fund||0.4%||3.55%||7.51%||14.4%||12.54%||19.64%|
For the past year Clough Global Equity Fund’s stock price has smaller growth than Nuveen California AMT-Free Quality Municipal Income Fund.
On 5 of the 7 factors Nuveen California AMT-Free Quality Municipal Income Fund beats Clough Global Equity Fund.
Clough Global Equity Fund is a closed ended equity mutual fund launched and managed by Clough Capital Partners, L.P. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It employs fundamental and quantitative analysis with a bottom up stock picking approach to create its portfolio, with focus on factors such as a company's competitive position, quality of company management, quality and visibility of earnings and cash flow, balance sheet strength, and relative valuation. The fund follows a theme-based investment process which involves focusing on such events as industry consolidation, technological change, an emerging shortage of a product or raw material, and changes in government regulations. It benchmarks the performance of its portfolio against the S&P 500 Index. Clough Global Equity Fund was formed on January 25, 2005 and is domiciled in the United States.
Nuveen California AMT-Free Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Asset Management, LLC and Nuveen Fund Advisors LLC. It invests in the fixed income markets of California, United States. The fund primarily invests in undervalued municipal securities and other related investments the income which are exempt from regular federal and California income taxes and are rated Baa, BBB or higher with an average maturity of 20.17 years. It employs fundamental analysis with a bottom-up approach to create its portfolio. The fund benchmarks the performance of its portfolio against the Standard & Poor's (S&P) California Municipal Bond Index and the S&P National Municipal Bond Index. It was formerly known as Nuveen California AMT-Free Municipal Income Fund. Nuveen California AMT-Free Quality Municipal Income Fund was formed on November 21, 2002 and is domiciled in the United States.
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