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Asset management, Fixed income, Money market, Alternative investments, Closed-end funds, Open-end funds, Corporate bonds, High-yield debt, Government bonds, Municipal bonds: AUM: US$381.1 billion (as of 30 June 2024) [1] Parent: Franklin Templeton: Website: www.westernasset.com
Closed-end funds are traded on exchanges, and in that respect they are like exchange-traded funds (ETFs), but there are important differences between these two kinds of security. The price of a closed-end fund's shares is completely determined by investor demand, and this price often diverges substantially from the NAV of the fund assets.
For the year 2020, Saba's flagship fund returned 33% while its tail fund returned 99%. In 2021, Risk named Saba hedge fund of year due to its strong performance during the COVID-19 pandemic. [11] At the end of 2021, Saba had become fourth-biggest SPAC hedge fund investor with $4.26 billion invested. [12]
Most mutual funds and exchange-traded funds available to retirement investors are open-end funds. Learn the difference between open-end and closed-end funds.
Not so with closed-end funds. Following an initial public offering for a set number of shares, shares will never be issued again. The only way for an investor to buy or sell a CEF is by trading ...
With so many different investments to choose from, it can be hard to know all of them. But with some little-known investments like closed-end funds, the opportunity comes from most people's ...