Gabelli Investment Management Firm recently released its "Global Rising Income and Dividend Fund" second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The Fund returned 5.78% in the second quarter of 2026, trailing the MSCI World Index, which gained 13.90% as global markets rallied broadly during the period. The letter highlighted easing concerns around tariffs and the global trade war, while geopolitical tensions also moderated toward quarter-end. The Fund noted that the S&P 500 gained approximately 15%, while the MSCI EAFE Index rose about 4%, with substantial differences among international markets.
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