The first and to date the only Taiwanese exchange traded fund (ETF), the Taiwan Top 50
Tracker Fund (TTT), was introduced in June 2003 and used the Taiwan 50 Index as its …

Closed-end funds, exchange-traded funds, and hedge funds are three important vehicles for
channeling the savings of US investors into financial assets, both domestically and abroad …

Closed‐end fund (CEF) discounts vary widely over time due to changes in share price, net
asset value (NAV), or both. Prior studies suggest discounts are mean‐reverting. We examine …

Recent research documents the superiority of dividend-yield based trading rules over a buy-
and-hold strategy in the US and Finland. We extend the international evidence on the …

THE INDIAN MUTUAL FUND INDUSTRY: A STUDY WITH SPECIAL REFERENCE TO
GROWTH SCHEMES” is a bonafied record of the research work done by Mrs. N. Lakshmi at …

This chapter examines some of the basic issues relating to the theory of information
efficiency in financial markets and, in particular, some of the definitions and distinctions …

Malkiel (1977) observed that market valuation of closed-end mutual funds is inconsistent
with the efficient market hypothesis that spawned a stream of research articles. We review …

L’énigme des Fonds Fermés entre la Finance Classique et la Finance Comportementale : Un
Etat des Lieux BAYOUDH Feker* ELGAIE Page 1 1 L’énigme des Fonds Fermés entre la …

Elroy Dimson is professor of finance and an elected governor of the London Business
School, where he has served as chair of the Finance Area, chair of the Accounting Area …

For several years, the existence and persistence of closed-end funds discounts/premiums
evoked perplexity to researchers on capital markets. They seem to challenge the rationally …