ECAT - CEFS: Remains An Attractive Closed-End Fund Focused ETF
2024-06-07 12:21:20 ET
Summary
- Saba Closed-End Funds ETF has put up strong performance since our last update and beat out FOF as expected.
- CEFS is a leveraged ETF that invests in closed-end funds, providing exposure to activist targets of Saba Capital Management all in one package.
- CEFS has a solid track record, high distribution yield, and a diversified portfolio of equity, fixed-income, alternatives, and mixed allocation.
Written by Nick Ackerman, co-produced by Stanford Chemist.
In our last update for Cohen & Steers Closed-end Opportunity Fund ( FOF ), we also took a look at Saba Closed-End Funds ETF ( CEFS ). I believed it was a superior choice over FOF at the time, given FOF's historically elevated premium. It turned out that choosing CEFS ended up being the far superior choice....
CEFS: Remains An Attractive Closed-End Fund Focused ETF