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Fortress Invests $2.8M in FEGE, Boosting Global Equity Exposure
Description
Fortress Private Ledger significantly increased its investment in First Eagle Global Equity ETF (FEGE) by 56,821 shares in Q1 2026, now holding 1.6% of its reportable assets. FEGE is an actively managed fund with a 0.50% expense ratio and 2.41% dividend yield, focusing on global equities. Over the past year, FEGE returned 33.39%, outperforming the S&P 500 and global large-stock peers. Fortresss move indicates global diversifications potential, especially when U.S. markets seem overheated.
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