The S&P 500 index trades at a forward price/earnings ratio of 21.9. The U.S. large-cap benchmark stock index is weighted by market capitalization. The index's current forward P/E valuation is 18% ...
Shareholders in two more British investment trusts dealt a further blow to Saba Capital's campaign to shake up the UK's 269 billion-pound ($334 billion) trust sector on Tuesday, after rejecting the U.