HRM explained that intheend,fundsforthe post had been redeployed elsewhere. unesdoc.unesco.org unesdoc.unesco.org 人力资源管理局表 示,该职位最终调整为别的职能。 unesdoc.unesco.org unesdoc.unesco.org The Temporary Financing Mechanismclosedon31 December 2011 and the remainingfundsweretransferred ...
Closed-end funds as a long-term income solution Many investors turn to CEFs as a long-term income solution because the funds offer the potential for higher regular income than many other types of investment products. Drawing on 35 years of closed-end fund experience, we provide resources to ...
What is a closed-end fund? Even though they have been traded in the US for over a century, closed-end funds (CEFs) are not well understood. A common misunderstanding is that a closed-end fund is a type of traditional mutual fund or an exchange-traded fund (ETF). ...
Closed-end funds may use leverage to boost yields. “Closed-end funds generally offer higher yields than open-end, often increased by borrowing, which also adds to risk” theWall Street Journalexplained, noting that when energy prices plunged in 2020, “several energy funds were forced by their...
Closed-end fundsMarket segmentationGMMNet asset valueStochastic discount factorsTime-varying riskInternational asset pricingThis paper finds that for closed-end country funds, the international CAPM can be rejected for the underlying securities (NAVs) but not for the share prices. This finding indicates...
this facilitates an excess volatility test that does not rely on strong assumptions about discount rates or dividend streams. Although, largely idiosyncratic, 15 percent of the average fund's excess risk is explained by market risk, small firm risk, and risk that affects other closed-end funds....
We use this index as a proxy for the degree of market segmentation and test the hypothesis that closed-end country fund premiums can be partially explained by a country's EFI value. Using panel data analysis, we find that EFI is significant in explaining observed variability in country fund ...
Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and ...
The relative lack of popularity of closed-end funds can be explained by the fact that they are a somewhat complexinvestment vehiclethat tends to be less liquid and more volatile than open-ended funds. Also, few closed-end funds are followed by Wall Street firms or owned by institutions. Afte...
Closed-End (mutual) Fund A fund whose shares are traded through brokers at market prices; the fund will not redeem shares at their net asset value. The market price of the fund can... - Encyclopedia of Finance 被引量: 0发表: 2006年 DISCOUNTS AND PREMIUMS ON CLOSED-END MUTUAL FUNDS: A...