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Saba Capital plans active ETF targeting discounted UK investment trusts

Activist hedge fund manager Saba Capital is preparing to launch an actively managed ETF aimed at exploiting share price discounts in the UK’s £267bn closed-end fund sector, according to a report by Quoted Data. The Saba Capital Investment Trusts UCITS ETF is awaiting regulatory approval in Ireland and would complement the firm’s existing US and Cayman fund offerings, including Saba Capital Income and Opportunities (BRW) and Income and Opportunit…

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Franklin Templeton and Binance launch digital asset collaboration From Institutional Investor: Franklin Templeton and cryptocurrency exchange Binance have announced a partnership as the asset manager looks to offer its services via the exchange's global trading infrastructure. The move comes ami... Article link