Closed-end Funds vs. Open-end Funds A Literature Review

The aim of this dissertation is to summarise the previous literature on the closed-end mutual funds, and critically analyze whether closed-end funds (CEFs) provide superior returns compared to open-end funds (OEFs). Supported by a comprehensive discussion on the advantages offered by CEFs, and an e...

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Main Author:	Li, Wei Wei
Format:	Dissertation (University of Nottingham only)
Language:	English
Published:	2007
Online Access:	http://eprints.nottingham.ac.uk/21240/ http://eprints.nottingham.ac.uk/21240/1/07MAlixwwl.pdf

id	nottingham-21240
recordtype	eprints
spelling	nottingham-212402018-04-27T08:39:10Z http://eprints.nottingham.ac.uk/21240/ Closed-end Funds vs. Open-end Funds A Literature Review Li, Wei Wei The aim of this dissertation is to summarise the previous literature on the closed-end mutual funds, and critically analyze whether closed-end funds (CEFs) provide superior returns compared to open-end funds (OEFs). Supported by a comprehensive discussion on the advantages offered by CEFs, and an empirical analysis on the performance comparison of 40 pairs of US CEFs and OEFs (from September 2002 to August 2007), my inference is that CEFs offer investors a more attractive return than OEFs do. The fact that majority of CEFs currently trading at a discount to net assets value (NAV), makes CEFs investments attractive with various ways to achieve capital gains and enhanced returns. Many scholars advise that CEFs have advantages over OEFs due to taxation benefit, cost efficiency, CEFs discount/premium, leverage, and liquidity. 2007 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en http://eprints.nottingham.ac.uk/21240/1/07MAlixwwl.pdf Li, Wei Wei (2007) Closed-end Funds vs. Open-end Funds A Literature Review. [Dissertation (University of Nottingham only)] (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	University of Nottingham Malaysia Campus
building	Nottingham Research Data Repository
collection	Online Access
language	English
description	The aim of this dissertation is to summarise the previous literature on the closed-end mutual funds, and critically analyze whether closed-end funds (CEFs) provide superior returns compared to open-end funds (OEFs). Supported by a comprehensive discussion on the advantages offered by CEFs, and an empirical analysis on the performance comparison of 40 pairs of US CEFs and OEFs (from September 2002 to August 2007), my inference is that CEFs offer investors a more attractive return than OEFs do. The fact that majority of CEFs currently trading at a discount to net assets value (NAV), makes CEFs investments attractive with various ways to achieve capital gains and enhanced returns. Many scholars advise that CEFs have advantages over OEFs due to taxation benefit, cost efficiency, CEFs discount/premium, leverage, and liquidity.
format	Dissertation (University of Nottingham only)
author	Li, Wei Wei
spellingShingle	Li, Wei Wei Closed-end Funds vs. Open-end Funds A Literature Review
author_facet	Li, Wei Wei
author_sort	Li, Wei Wei
title	Closed-end Funds vs. Open-end Funds A Literature Review
title_short	Closed-end Funds vs. Open-end Funds A Literature Review
title_full	Closed-end Funds vs. Open-end Funds A Literature Review
title_fullStr	Closed-end Funds vs. Open-end Funds A Literature Review
title_full_unstemmed	Closed-end Funds vs. Open-end Funds A Literature Review
title_sort	closed-end funds vs. open-end funds a literature review
publishDate	2007
url	http://eprints.nottingham.ac.uk/21240/ http://eprints.nottingham.ac.uk/21240/1/07MAlixwwl.pdf
first_indexed	2018-09-06T11:07:50Z
last_indexed	2018-09-06T11:07:50Z
_version_	1610856079365767168

Closed-end Funds vs. Open-end Funds A Literature Review

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