SABA: Why This High-Yield Fund Is A Buy Amid Market Chaos

2025-04-09 05:20:28 ET

Summary

• I love the Saba Capital Income & Opportunities Fund II for its diversified portfolio and expert management by Boaz Weinstein.
• SABA's 12%+ discount to NAV and 7%+ distribution yield present a solid investment opportunity, especially given its well-managed CEF status.
• SABA's portfolio includes credit, private credit, SPACs, reinsurance, and closed-end funds, showcasing a creative and diversified investment approach.
• SABA's management is incentivized to close the NAV discount, making it a compelling buy during this sell-off.

In this market, I love the Saba Capital Income & Opportunities Fund II (SABA). It is managed by Saba Capital, under credit expert and closed-end fund ((CEF)) activist Boaz Weinstein. Weinstein is famous for taking down the London whale, and the Covid crisis lead to his best year. By May, he was up some 70%+. Most people were not....

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