Saba Closed-End Funds ETF (CEFS)
CEFS Price and Sentiment
CEFS Latest news
The Net Asset Value (NAV) for a CEF remains, for me, a primary measure of its overall health.
The RiverNorth Opportunities Fund invests across a diversified portfolio of CEFs through a "fund-of-funds" strategy. We highlight that the share price spread to NAV has climbed into a historically high premium, making the fund relatively expensive.
Investors can always use more income, and there exist several ETFs that are paying out over 7% in annual dividend yields. Dividend yield is a measure of how much of security's value is returned to shareholders in the form of dividends.
Saba Capital has taken aim at the Voya funds. An analysis of possible future steps in the battle.
Gurufocus insider data shows that Saba Capital Management LP, a hedge fund well known for its sophisticated credit strategies and closed-end fund expertise, is buying the Templeton closed-end bond fund, Templeton Global Income Fund (NYSE:GIM).
I am returning to the subject of closed-end funds. There is no sector of the markets that is more overlooked, less understood, and more full of promise, than closed-end funds.
The only space left with any real yield are some of the closed-end funds. Many of the ones that I like have monthly dividends and while most have leverage, the cost of leverage is just this side of zero.
MLP closed end funds should not use leverage.
Since there is barely any yield in investment grade bonds, people and institutions are scrambling. Closed-end funds: the most overlooked sector of the capital markets.
A fund of funds approach can give instant diversification. The strategy is approached and is utilized in active CEFs or passive ETFs.