{"id":398514,"date":"2020-12-11T18:29:05","date_gmt":"2020-12-11T23:29:05","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=398514"},"modified":"2020-12-11T18:29:05","modified_gmt":"2020-12-11T23:29:05","slug":"voya-announces-investor-call-to-discuss-the-following-board-approved-changes-to-the-principal-investment-strategies-and-the-primary-benchmark-for-voya-global-equity-dividend-and-premium-opportunity-fu","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/voya-announces-investor-call-to-discuss-the-following-board-approved-changes-to-the-principal-investment-strategies-and-the-primary-benchmark-for-voya-global-equity-dividend-and-premium-opportunity-fu\/","title":{"rendered":"Voya Announces Investor Call to Discuss the Following Board Approved Changes to the Principal Investment Strategies and the Primary Benchmark for Voya Global Equity Dividend and Premium Opportunity Fund"},"content":{"rendered":"

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Voya Announces Investor Call to Discuss the Following Board Approved Changes to the Principal Investment Strategies and the Primary Benchmark for Voya Global Equity Dividend and Premium Opportunity Fund<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nThe Board of Trustees (\u201cthe Board\u201d) of Voya Global Equity Dividend and Premium Opportunity Fund (the \u201cFund\u201d) (NYSE: <\/b>IGD) has approved changes to the Fund\u2019s principal investment strategies and primary benchmark (from MSCI World IndexSM<\/sup> to the MSCI World Value IndexSM<\/sup>). The proposed changes to the Fund\u2019s 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.\n<\/p>\n

\nInformation regarding the investor call details can be found later in this press release.\n<\/p>\n

Investment Strategies<\/span><\/b><\/p>\n

\nThe 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\u2019s equity investment strategies are included below:\n<\/p>\n

\nThe Fund seeks to invest in a portfolio of equity securities included in the MSCI World Value IndexSM<\/sup> (the \u201cIndex\u201d) 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\u2019s 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.\n<\/p>\n

Portfolio Management<\/span><\/b><\/p>\n

\nThe Fund is managed by Paul Zemsky, CFA, Vincent Costa, CFA, Peg DiOrio, CFA, and Steve Wetter, Voya Investment Management Co. LLC (\u201cVIM\u201d) \u2014 the Sub-Adviser.\n<\/p>\n

Upcoming Webcast<\/span><\/b><\/p>\n

\nVoya 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.\n<\/p>\n

\nHosted by Vinnie Costa, Portfolio Manager, the conference call will provide:\n<\/p>\n