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 Investment Companies (CEICs) have experienced a significant revival of
interest, both as investment vehicles and as the subject of academic research, over the past …

Investment Management and Mismanagement: History, Findings, and Analysis will present
the reader with:(1) a brief overview of portfolio management and its historical evolution,(2) …

In seeming contradiction of the efficient markets hypothesis, closed-end fund shares typically
trade at discounts to their portfolio values. We find that about half of these discounts are …

Previous research documents the value of closed-end fund trading rules based on the size
of the weekly discount. The growing number of closed-end funds that provide daily net asset …

Earlier studies of US closed-end investment companies (CEICs) examined whether the
discount between CEIC price and net asset value could be exploited to gain excess returns …

本文通过考察中国封闭式基金折价率时间序列, 发现大部分基金的折价率均值具有结构突变特征
. 虽然结构突变发生的频率并不高, 但均值突变的幅度比较大. 结构突变的存在使得基于均值回复 …

A persistência e existência dos descontos/prémios relativos aos fundos de investimento
fechados tem intrigado a comunidade financeira, quer académicos quer práticos, pois …

Discussions of the analysis of mutual funds are followed by checklists to ease the analysis
and selection of specific mutual funds and fund portfolios. The book is thus designed for …

In China, due to the limited number and history of investment funds, very few studies have
been undertaken on the study of fund pricing. There are no research publications in China …