PURCHASE, NY--(Marketwired - December 13, 2016) - Alpine Woods Capital Investors, LLC, investment advisor to the Alpine Funds, today released a podcast (https://www.webcaster4.com/Webcast/Page/1589/18648) on the firm's 2017 investment outlook and expectations for significant opportunity within its closed-end funds. The firm's CEO Sam Lieber and three portfolio managers of its real estate and dividend funds discuss how in an environment of likely rising interest rates resulting from the prospect for strong economic growth, closed-end funds could potentially offer high yields, trade at a significant discount to their underlying net asset value and have the potential to be uniquely positioned to capture much of the inflation that may occur in the near term.
In a market outlook roundtable, Joel Wells, co-portfolio manager of the Alpine Global Premier Properties Fund (AWP), discussed how the proliferation of negative rates, currency volatility and commodity pricing were major drivers of global market performance in the past year. These conditions occurred alongside broader market shocks such as China growth, Brexit and the outcome of the U.S. presidential election, all of which required investor positioning to be reset. Looking into 2017, Wells believes a key factor in performance will be the implementation of President-elect Donald Trump's political agenda, domestic growth possibilities in a reflationary environment and macro volatility by way of rates, inflation or FX.
"We have seen a potential sea change in market leadership, and many of the next administration's proposed policies and proposals have the potential to stimulate strong economic growth," said Sam Lieber, founder president and CEO of Alpine Woods Capital Investors. "We believe that companies in particular asset classes such as real estate, which can generate solid growth and even benefit from inflation over time, will do well in this environment."
The new administration and an environment of increased economic activity will likely benefit Alpine's Global Dynamic Dividend Fund (AGD) and Total Dynamic Dividend Fund (AOD), which invest in companies that pay dividends, have strong cash flows and demonstrate the ability to grow earnings.
"We believe we're in the perfect environment for companies that have the ability and willingness to increase their dividends," said Brian Hennessey, co-portfolio manager of Alpine's dividend funds. "We expect that the companies in our portfolio will see dividend growth of four to five percent over the next 12 months."
Sectors positioned to win include aerospace and defense, pharmaceuticals and financials. Alpine is also enthusiastic about the infrastructure sector, given that Trump has discussed increasing spending between $500 billion and $1 trillion over the next 10 years.
"We expect that the private sector will play a major role in new infrastructure projects through public-private partnerships, and we are investing in companies globally that have experience in building, managing and owning infrastructure," said Josh Duitz, co-portfolio manager of Alpine's dividend funds.
The podcast is available for download at https://www.webcaster4.com/Webcast/Page/1589/18648.
To learn more about the funds please visit our website www.alpinefunds.com or call us at 1-800-617-7616.
An investment in these Funds presents a number of risks and is not suitable for all investors. Investors should carefully review and consider potential risks before investing. An investment in the Funds' common shares is subject to investment risk, including the possible loss of the entire principal amount that you invest. Your investment in common shares represents an indirect investment in the securities owned by the Fund most of which are traded on a national securities exchange or in the over-the-counter markets. The value of these securities, like other market investments, may move up or down, sometimes rapidly and unpredictably. Your common shares at any point in time may be worth less than your original investment, even after considering the reinvestment of Fund dividends and distributions.
Other risks associated with investing in AOD and AGD include, but are not limited to, risks involved with smaller and medium sized companies, illiquid, foreign and restricted securities, and short-term trading. The Funds' strategy of investing in dividend-paying stocks involves the risk that such stocks may fall out favor with investors and underperform the market. In addition, there is the possibility that such companies could reduce or eliminate the payment of dividends in the future. The Funds may hold securities for short periods of time related to the dividend payment periods and may experience loss during those periods.
Risks associated with AWP include, but are not limited to, risks involved with foreign securities which will involve greater volatility and political, economic and currency risks and differences in accounting methods. Because real estate funds concentrate their investments in the real estate industry, the portfolio may experience more volatility and be exposed to greater risk than the portfolios of many other mutual funds. Risks associated with investment in securities of companies in the real estate industry may include: declines in the value of real estate, overbuilding and increased competition; increases in property taxes and operating expenses; changes in zoning laws; casualty or condemnation losses; variations in rental income, neighborhood values, changes in interest rates and changes in economic conditions.
More information about the Funds is available on www.alpinefunds.com.
Based in Westchester, New York, Alpine Woods Capital Investors, LLC was founded in 1998.
The views expressed are as of the date specified and are subject to change based on changes in market, economic and other conditions. These opinions are not intended to be a forecast of future events, a guarantee of future results or legal, tax or investment advice
This release contains forward-looking statements based on currently available information. The Funds' actual results could differ materially from those anticipated due to various risks and uncertainties. Alpine Total Dynamic Dividend Fund, Alpine Global Dynamic Dividend Fund and Alpine Global Premier Properties Fund are closed-end funds and do not continuously offer or redeem shares. The Funds trade in the secondary market and investors wishing to buy or sell shares must place orders through a financial intermediary or broker.
To read about the Funds, access the Annual and Semi-Annual Reports in the Related Documents section of the website, www.alpinefunds.com, or call 1-800-617-7616 to receive a copy of the annual and semi-annual reports by mail. An investor should consider the investment objectives, risks, charges and expenses carefully before investing.
Alpine Woods Capital Investors, LLC advises Alpine's closed-end funds. Quasar Distributors, LLC provides filing administration for Alpine's closed-end funds. The Funds are not bought or sold through Quasar Distributors.