Gabelli Investment Management Firm recently released its “Focused Growth and Income Fund” second-quarter 2026 investor letter. The Fund declined 1.61% in the second quarter of 2026, as pressure on telecommunications, income-producing securities, and rate-sensitive investments outweighed gains elsewhere in the portfolio. The Fund noted that the interest-rate environment became less favorable during the quarter, with the Federal Reserve maintaining rates at 3.50%–3.75% and adopting a more...
