Existing since 1868, Closed-End Funds offer most of the advantages of the collective investments, and one threat that can prove to be an important opportunity: The Discount to the Net Asset Value (NAV) that they usually trade. The discount threat, can lead to superior total returns and this...
Related to Closed-end funds:Closed End Investment Company ThesaurusAntonymsRelated WordsSynonymsLegend: Switch tonew thesaurus Noun1.closed-end fund- a regulated investment company that issues a fixed number of shares which are listed on a stock market ...
Created with Highcharts 9.3.32005201020152020-2002040Zoom1YR3YR5YR10YRSince InceptionMay 1, 2000→Dec 30, 2024 Fund 1 Month Class 1 Month Premium/Discount 10 YR5 YRYTD 12.86%20.98%22.49% Portfolio Total Net Assets by Category Fixed Income(as of06/30/2024)...
We examine the proposition that the premium/discount (PD) of Greek closed-end funds (CEFs) is an accurate proxy for the small-investor sentiment risk. We find that the average PD explains the returns of portfolios of large capitalization and low book-to-market ratio stocks. In this context,...
Investor Tax-Trading Opportunities and Discounts on Closed-End Mutual Funds Discounts on closed-end mutual funds are a puzzle to financial economists, because arbitrage activities should eliminate discounts in a perfect capital mar... Kim,Chang-Soo - 《Journal of Financial Research》 被引量: 71...
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Closed-end Fund 封闭式基金 Closed-end funds (or closed-ended funds) are mutual funds with a fixed number of shares (or units). Unlike open-end funds, new shares/units in a closed-end fund are not created by managers to meet demand from investors. Instead, the shares can only be purcha...
Closed end funds may have high dividend yields and could be trading at a discount to NAV. Download a free list of 117 closed end funds.
Created with Highcharts 9.3.3200520102015202020250-25255075Zoom1YR3YR5YR10YRSince InceptionMay 30, 2003→Jan 31, 2025 Fund 1 Month Class 1 Month Premium/Discount 10 YR5 YRYTD 19.88%7.50%6.34% Portfolio Total Net Assets by Category Fixed Income(as of06/30/2024)...
Closed-end funds can be traded at any time of the day when the market is open. They can’t take on new capital once they have begun operating, but they may own unlisted securities in the U.S. Investors should know that there are also interval funds—a type o...