Linus Uhlig, Investment Week, 26 September 2025:
In the latest attempt by Saba founder and CIO Boaz Weinstein to continue his activism, the hedge fund has registered for a Dublin-based ETF that will act as a European cousin to its existing closed-ended fund (CEF) ETF in the US.
According to people familiar with the matter, the Saba Capital Investment Trusts UCITS ETF will invest in trusts domiciled in the UK, Guernsey and Jersey, enabling investors to benefit from the discount to net asset value (NAV) at which the trusts have been trading..
Matthew Read, senior analyst at QuotedData, said: “It is clear from Saba’s ETF proposal that it recognises the latent value hidden in many UK listed investment companies and is keen to find a way to realise this. In many respects, the question for us remains: why are so many other investors happy to pass on this opportunity?
“Nonetheless, we think that, if Saba can amass a decent sum of money and deploy this into the sector – providing a much-needed new source of demand in the process – then this in itself could help narrow discounts and benefit all shareholders.”
Read more here