Saba Capital has moved closer to launching a European activist exchange traded fund focussed on UK-listed investment trusts trading on persistent discounts after receiving regulatory approval in Ireland to operate the vehicle as an active ETF, according to a report by Quoted Data.
The reports it’s a recent regulatory filing as showing that Central Bank of Ireland has upgraded the Saba Capital Investment Trusts UCITS ETF from “null” to “active” status and assigned the fund a legal entity identifi...
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