Title

The performance persistence of closed-end funds.

SelectedWorks Author Profiles:

Martina K. Schmidt

Document Type

Article

Publication Date

2000

Date Issued

2000-01-01

Date Available

2011-09-21

Abstract

The purpose of this study is to extend the research on mutual fund performance persistence to net asset value and market price performance of domestic closed-end funds. While research has assessed the performance persistence of open-end mutual funds, it has not assessed the performance persistence of closed-end funds. Yet, the unique characteristics of closed-end funds allow stronger arguments for their persistence than the arguments previously submitted for open-end mutual funds. The results show evidence for risk-adjusted performance persistence.

Comments

Abstract only. Full-text article is available only through licensed access provided by the publisher. Published in Financial Review, 35, 33–52. doi: 10.1111/j.1540-6288.2000.tb01420.x Members of the USF System may access the full-text of the article through the authenticated link provided.

Language

en_US

Publisher

Blackwell Publishers for the Eastern Finance Association

Creative Commons License

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.