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0 -0.00135135135135132 -0.000675675675675661 -0.000912162162162197 0.000337837837837891 0.000361486486486484 -0.000422297297297273 -0.000557432432432454
Stock impact report

Dividend Yield at 7.9% from Saba Capital's ETF of CEFs [Seeking Alpha]

PIMCO Dynamic Income Fund (PDI) 
Company Research Source: Seeking Alpha
Summary Dividend Yield at 7.9% from Activist's ETF of CEFs Several readers have requested an update on Saba Capitals ETF of Closed-End Funds ( CEFS ) which I last reviewed in April ( Saba Capital's Fund Of Funds: A Fresh Look At This New Player In Closed-End Funds ). The fund launched 21 March of this year, so it's now two months old. For the closed-end fund investor the ETF is an intriguing concept coming as it does from an investment group widely known for its activist approaches. Unlike the passively managed existing funds that invest in CEFs, Saba's offering is intensely actively managed. I won't attempt to address the active-passive debate for ETFs but it's my view that active management is highly suitable for closed-end fund investing. Closed end funds have a unique niche in the investing landscape. They are primarily used by income investors, so yield is often the primary metric considered. All too often it is the only metric considered it seems. The category tends Show less Read more
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