RYE, N.Y.--(BUSINESS WIRE)--Gabelli Funds, LLC, an affiliate of GAMCO Investors, Inc., (NYSE: GBL) is excited to announce it has expanded the investment focus of The GAMCO Global Telecommunications Fund and changed its name to The Gabelli Global Content & Connectivity Fund.
“Digital technologies are transforming the world, revolutionizing industries, and playing an important role in nearly every aspect of our lives. Communication, commerce, and culture are moving to the digital world, and we believe ubiquitous connectivity and differentiated content available anytime, anywhere, and on any device will continue to define the 21st century,” said Mario J. Gabelli, Chairman and Chief Executive Officer of GAMCO Investors, Inc.
The Board of Directors of the GAMCO Global Series Funds, Inc. approved the Fund’s name change and the amendments to its strategy. The Fund will pursue its digital strategy by investing its net assets in common stocks of companies in the telecommunications, media and information technology industries, while retaining at least 25% of its assets in the telecommunications-related industry.
The Fund will also expand the investment team as Brett C. Harriss joins Mario J. Gabelli, Sergey Dluzhevskiy, and Evan Miller.
Commenting on the appointment, Mr. Mario J. Gabelli said, “We are pleased with the addition of Brett to our team.”
Brett joined G.Research in 2008 covering the Media & Entertainment industry. Since 2009, he managed nine annual Movie & Entertainment conferences, providing a venue for industry leaders and investors to gather and exchange ideas. Since 2013, he has overseen the digital research team responsible for covering the Telecommunications, Media, Technology, and Gaming & Lodging industries. Brett Harriss holds a B.A. in economics and M.B.A in finance from Columbia University.
The Gabelli Global Content & Connectivity Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (NYSE:GBL), which through its subsidiaries, manages assets of private advisory accounts (GAMCO Asset Management Inc.), mutual funds and closed-end funds (Gabelli Funds, LLC), and is known for its Private Market Value with a Catalyst™ style of investment. As of June 30, 2017 GAMCO Investors, Inc. had $41.3 billion in assets under management.
Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. The Fund's prospectus and summary prospectus contain important information about this and other matters and should be read carefully before investing. For more information or to request the Fund's prospectus or summary prospectus, call your financial adviser or 800-GABELLI (800-422-3554) or visit www.gabelli.com.
The Gabelli Global Content & Connectivity Fund is distributed by G.distributors, LLC, a registered broker dealer and member of FINRA