Origin of the Strategy
A huge demographic group is facing retirement during a period of historically low yields. Today’s retirees have a longer life expectancy than any group before them. They are also less likely to be covered by a traditional “defined benefit” retirement plan. For this large group, funding retirement will be accomplished through a combination of portfolio income, social security, working until a later age and possible pension income. With these current issues in mind, the Portfolio Manager created the Global Income and Growth strategy in 2003. Fundamental to the strategy is the Portfolio Manager’s conviction that equity income portfolios should be global in scope to increase the opportunity set. The goal is to purchase securities that Ranger believes provide returns balanced between meaningful dividend yield and capital appreciation.