Exchange‐traded fund introductions and closed‐end fund discounts and volume
SW Barnhart, S Rosenstein - Financial Review, 2010 - Wiley Online Library
Abstract Exchange‐traded funds (ETFs), like closed‐end funds (CEFs), are managed
portfolios traded like individual stocks. We hypothesize that the introduction of an ETF in an …
portfolios traded like individual stocks. We hypothesize that the introduction of an ETF in an …
[BOOK][B] Essays on closed-end country funds and investment trusts
UA Garay - 2000 - search.proquest.com
The first chapter of the dissertation describes the two competing explanations that have
been offered attempting to explain the puzzle. The proponents of the Efficient Market …
been offered attempting to explain the puzzle. The proponents of the Efficient Market …
THE ENIGMA OF CLOSED-END FUNDS PRICING: TWENTY-SIX YEARS LATER.
PS Russel - International Journal of Finance, 2004 - search.ebscohost.com
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 …
with the efficient market hypothesis that spawned a stream of research articles. We review …
The fundamental theorems of asset pricing and the closed-end fund puzzle
G Frahm, A Jonen, R Schüssler - International Journal of Theoretical …, 2019 - World Scientific
We propose a solution to the closed-end fund puzzle in financial markets without a free
lunch with vanishing risk. Our results are consistent with both the time-series and the cross …
lunch with vanishing risk. Our results are consistent with both the time-series and the cross …
[PDF][PDF] Explicaciones racionales de la anomalía del descuento de los fondos mutuales cerrados: aplicación al caso de los mercados emergentes
U Garay - Academia. Revista Latinoamericana de Administración, 2000 - redalyc.org
Los fondos mutuales están conformados por un conjunto de acciones, bonos y cualquier
otro título-valor en poder de un grupo de inversionistas y que son administrados por una …
otro título-valor en poder de un grupo de inversionistas y que son administrados por una …
[CITATION][C] A Solution to the Closed-End Fund Puzzle Without Market Frictions and Arbitrage
G Frahm, A Jonen, R Schüssler - Risk Management, 2014
[CITATION][C] The Effect of Exchange Traded Fund Introductions on Closed-End Fund Trading: Is There a Substitution Effect?
SW Barnhart, S Rosenstein - 2005 - Working Paper, Florida Atlantic …