Saba Closed End Funds ETF (CEFS)
Saba Closed End Funds ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Jeddah, US. The stock last traded at $25.61, up 1.19% on the session, giving a market capitalisation of $442.8M. Its beta of 0.84 implies it has historically moved less than the broad market.
The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by normally investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities issued by closed-end funds (the "underlying funds"). The advisor expects to invest in underlying funds operated by a diversified group of closed-end fund managers ("underlying fund managers") that invest in equity and fixed income securities. The fund normally invests in underlying funds that primarily pursue high income opportunities.
Saba Closed End Funds ETF is most often compared with the following Financial Services names: