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According to the CME "FedWatch": there is a 98.6% probability that the Federal Reserve will keep rates unchanged in June, and a 1.4% probability of a cumulative 25 basis point rate cut. By July, the probability of the Federal Reserve keeping rates unchanged is 92.4%, with a 6.3% probability of a cumulative 25 basis point rate hike, and a 1.3% chance of a cumulative 25 basis point rate cut. By December, the probability that the Federal Reserve will keep rates unchanged is 49.3%, the probability of at least a 25 basis point rate hike is 50%, and the probability of a cumulative 25 basis point rate cut is 0.7%.

At the same time, the hedge fund has agreed to abide by a “standstill” clause lasting until 2028. Under the terms of the agreement, Saba Capital commits not to initiate proxy contests or undertake other confrontational actions during the specified period. This move aims to ease tensions between both parties and create a stable environment for future cooperation.The settlement involves several funds, including the Voya Asia Pacific High Dividend E and the Voya Emerging Markets High Divide. The agreement marks the end of a long-standing dispute.Saba Capital is well-known for actively promoting reforms in closed-end funds, often pressuring management by nominating board candidates. The new agreement will temporarily put such actions on hold, providing fund managers with operational certainty.Analysts point out that such standstill agreements are not uncommon in the fund industry and typically help avoid costly proxy battles. Both parties look forward to achieving joint growth in fund net asset value and shareholder interests during the term of the agreement.

This move aims to integrate resources, optimize management structure, and enhance operational efficiency. After the merger, the original assets of IHD and IAE will be managed in a diversified manner by the professional team of Voya Multi-Manager Emerging Markets Equity Fund, with a focus on investment opportunities in emerging market equities. The fund merger is expected to bring investors a more concentrated investment strategy, lower operating costs, and more efficient capital utilization. Voya stated that this adjustment aligns with its long-term strategy, aiming to strengthen its asset management capabilities in the emerging markets sector and create sustained value for holders. Currently, the relevant merger procedures have been initiated and subsequent developments will be disclosed in accordance with regulations.