The article reports on the decision of several closed-end equity funds to suspend their managed payout policies in the wake of faltering returns caused by the global financial crisis. They include five funds managed by John Hancock Funds, Mellon Investor Services, and the Royce Funds. The move...
一般来说closed end share出售的价格都是在net asset value基础上有discount。这个discount反映的是fund running expenses以及投资者对管理质量的concern.如果投资者认为基金的net asset value被低估,也可能卖出一个溢价premium。金融分析师认为closed end funds的discount/premium可以measure市场情绪sentiment. -exchanged trade...
Closed-End Equity Funds: Betting on Discounts and Premiums. Examines the discounts and premiums on closed-end funds. Data description; Methodology; Findings of the study; Conclusion. Cakici,Nusret - 《Journal of Investing》 被引量: 15发表: 2000年 Multi-person games for parimutuel betting on ...
levered closed-end fundlevered exchange-traded fundnon-fundamental demandWe provide novel evidence that investor demand for leverage is both a causal and significant driver of equity closed-end fund (CEF) discounts. More levered fundDam, Robert A....
5 Best Closed-End Funds for 2024 The high yields of closed-end funds can be a boon for investors in volatile markets. Coryanne HicksJune 26, 2024 7 Best Balanced Funds to Pick Right Now Investors looking for a good blend of risk and return will appreciate these balanced funds. ...
Premiums-Discounts and Exchange Traded Funds. Even though Exchange Traded Funds (ETFs) resemble closed-end mutual funds in many respects, ETFs have the unique feature that additional shares can be crea... Engle,Robert,Sarkar,... - 《Journal of Derivatives》 被引量: 155发表: 2006年 The effici...
Primary marketsform the foundation of private equity, involving direct investments at the time of inception of a closed-end private equity partnership. Primary investments are usually characterised by a longer investment period, and higher return potential. These closed-ended funds typically have a ten...
5 Best Closed-End Funds for 2024 Investors looking for a good blend of risk and return will appreciate these balanced funds. Tony DongJune 18, 2024 7 Best Balanced Funds to Pick Right Now Critics are questioning some of personal finance guru Dave Ramsey's claims about investing. Wayne Duggan...
Private equity funds are closed-end funds that are not listed on public exchanges. Their fees include management and performance costs. Private equity fund partners are called general partners, and investors or limited partners. Limited partners are liable for up to the money they invest, while ge...
Private equity funds are closed-end funds, meaning they have a limited window to raise capital, after which no new funds may be raised. Cumulative Distribution When private equity investors consider a fund's investment track record, they need to know the amount and timing of the fund's cumula...