ASA Gold & Precious Metals

The board of directors of ASA Gold and Precious Metals approved converting the closed-end gold and precious metals fund into a business development company with a credit-focused strategy and selected Saba Capital Management as the new investment manager. Plans include relocating the domicile from Bermuda to Delaware and changing the U.S. tax status from a PFIC to a Regulated Investment Company. The conversion requires shareholder approval and, if approved and all conditions are met, is intended to be completed by year-end; filings with the SEC detailing risks and costs are planned. » More on de.investing.com

Uncommon Cents Investing sold 77,370 shares of ASA Gold and Precious Metals Limited in Q4 for an estimated $3.92 million, reducing its quarter-end position by $2.56 million to $26.28 million. ASA remains the fund's largest holding at 6.36% of reported AUM. ASA shares have risen about 190% over the past year and trade near $63, roughly a 12% discount to the fund's reported NAV of about $72, suggesting the sale was a rebalancing move rather than a loss of conviction. » More on finance.yahoo.com

ASA Gold and Precious Metals Ltd. has surged 69.4% in 2025, driven by rising gold prices, but experts caution that the fund typically underperforms after such rallies. Despite trading at an 11% discount to NAV, ASA's low dividend yield and historical patterns suggest limited long-term appeal. Investors are advised to wait for a gold price pullback before considering ASA as a short-term opportunity. » More on forbes.com