Closed-end funds have been a topic of lively debate for several decades. In this paper we
focus on studies relating to liquidity, sentiment and segmentation and, in particular, on …

Purpose This article examines whether deviations from fundamental value or closed-end
country fund's discounts or premiums forecast future share price returns or net asset returns …

We examine the effect of time-varying investment barriers on the pricing of UK closed-end
emerging market country funds. We find that a direct measure of capital market …

Why buy a closed-end fund at IPO, when it is likely to trade at a discount in a few months'
time? One theory suggests that buying a new fund is justified by an initial period of …

In this paper we examine how monetary announcements can explain US country funds
premiums in international markets, taking into account monetary asymmetries relating to …

This paper examines whether foreign country consumer sentiment influences the pricing of
closed-end country funds. It links the literature on investor sentiment and stock returns to the …