US Closed-End Funds: How Do They Compare to the UK Investment Trust Industry?

A brief introduction to the US closed-end fund (CEF) industry - its scope, the types of trusts, the average discount, the largest fund, IPOs, best and worst performers, and the degree of activism.  With eight key conclusions about how the US and UK sectors compare and perhaps a greater understanding of why Saba Capital is targeting UK investment trusts.

6pp A4 PDF, published by The McHattie Group, December 2025