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....
Read the full article on Seeking Alpha
For further details see:
CEFS: Remains An Attractive Closed-End Fund Focused ETF