Results 251 to 260 of about 51,465 (290)

Closed‐End Funds: What Drives Discounts?

2002
AbstractThe prices of closed‐end funds present a puzzle for market efficiency. The chief feature of the puzzle is that closed‐end fund prices systematically deviate from fundamental values. In this respect, fundamental value is measured by net asset value (NAV), defined as the per share market value of the securities in the closed‐end fund portfolio ...
openaire   +1 more source

Idiosyncratic Closed-End Fund Studies

2002
This chapter provides an opportunity to summarize articles that do not fit well into the above three areas of recent closed-end fund research Several of these papers are idiosyncratic, and others address similar issues such as the returns that can be earned by trading strategies based on the discounts of closed-end fund shares.
Seth C. Anderson, Jeffery A. Born
openaire   +1 more source

CLOSED-END FUND BETAS [PDF]

The CAPM can explain closed-end fund (CEF) discounts as a consequence of the higher betas on CEF shares than on their underlying portfolios. The difference in betas is much greater for international funds and for bond funds than for domestic equity funds.
Michael Bleaney, R. Todd Smith
openaire  

Closed-end fund discounts

The Journal of Portfolio Management, 1992
J. Bradford De Long, Andrei Shleifer
openaire   +1 more source

The Closed End Fund Puzzle

2000
Abstract Begins by describing the closed end fund puzzle and enumerating some of the standard accounts that have been used to explain it. Then, applying the model developed in the previous chapter, the author comes to the conclusion that the apparent puzzle could be interpreted in terms of the influence of (individual) investors ...
openaire   +1 more source

ROMANIAN CLOSED-END FUNDS – AN OVERVIEW [PDF]

, 2005
Closed-end funds are less known compared to open-end funds to most of investors. Due to their classical discounts, their behavior on the stock markets is less understood by the individual investors. These two statements are true on the mature capital markets, but on the Romanian emerging capital market, the closed-end funds were and still are the ...
CORNELIA POP, ADINA CALUGARU, MIHAELA MARCU   +2 more
openaire  

Closed-end Funds

2019
H. Kent Baker, Greg Filbeck, Halil Kiymaz   +2 more
openaire   +1 more source

German Closed-End Funds

2016
Helmut Knepel, Thorsten Voss
openaire   +1 more source

Do Investors Value Sustainability? A Natural Experiment Examining Ranking and Fund Flows

Journal of Finance, 2019
Samuel M Hartzmark, Abigail B Sussman
exaly  

Closed-End Fund Pricing

2002
Seth C. Anderson, Jeffery A. Born
openaire   +1 more source