Venture capital has emerged as an important intermediary in financial markets, providing
capital to young high-technology firms that might have otherwise gone unfunded. Venture …

Closed-end country funds can trade at large premiums and discounts from their foreign
asset values (NAVs). Investigating this anomaly, we find that individual fund premiums move …

China has an A-share market that is open only to local investors and a B-share market that is
open only to foreign investors. Contrary to what has been observed in other markets with a …

This paper shows that the existence of managerial ability, combined with the labor contract
prevalent in the industry, implies that the closed‐end fund discount should exhibit many of …

We find evidence that is consistent with the hypothesis that daily mutual fund flows may be
instruments for investor sentiment about the stock market. We use this finding to construct a …

This survey reviews the evolving literature on closed‐end fund discounts. Many studies have
attempted to explain the existence and the behavior of the discount to net asset value …

The objective of this study is to compare the risk and return performance of exchange-traded
funds (ETFs) available for foreign markets and closed-end country funds. We utilize 29 …

Institutional investors such as pension funds or insurance companies commonly invest in the
unsecuritized and securitized real estate market. We investigate how institutional investor …

In this chapter we examine the three main types of mutual funds, open end funds, closed
end funds and exchange traded funds. After a description of each of these organizational …

After six years of complex litigation, the Manville Trust finally opened for business in 1988.1
Its mission was to compensate as fully as possible the thousands of persons injured by …