Closed-end funds

dc.contributor.author	Φράγκος, Χρήστος Κ. (1949-)	el
dc.contributor.author	Τούντας, Κανέλλος - Άκης	el
dc.date.accessioned	2015-05-05T10:40:46Z
dc.date.available	2015-05-05T10:40:46Z
dc.date.issued	2015-05-05
dc.identifier.uri	http://hdl.handle.net/11400/9732
dc.rights	An error occurred on the license name.	*
dc.rights.uri	An error occurred getting the license - uri.	*
dc.source	http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1372099	el
dc.subject	Closed-end funds
dc.subject	Behavioural finance
dc.subject	Συμπεριφορικές χρηματοδοτήσεις
dc.subject	Αμοιβαία κεφάλαια κλειστού τύπου
dc.subject	Premium/Discount
dc.subject	Ασφάλιστρο/Εκπτωση
dc.title	Closed-end funds	en
heal.type	journalArticle
heal.secondaryTitle	market description and the behavioral explanation of the discount	en
heal.classification	Mathematics
heal.classification	Statistics
heal.classification	Μαθηματικά
heal.classification	Στατιστική
heal.classificationURI	http://zbw.eu/stw/descriptor/15045-3
heal.classificationURI	http://id.loc.gov/authorities/subjects/sh99001414
heal.classificationURI	N/A-Μαθηματικά
heal.classificationURI	N/A-Στατιστική
heal.keywordURI	http://id.loc.gov/authorities/subjects/sh90005299
heal.language	en
heal.access	campus
heal.recordProvider	Τεχνολογικό Εκπαιδευτικό Ίδρυμα Αθήνας. Σχολή Διοίκησης και Οικονομίας. Τμήμα Διοίκησης Επιχειρήσεων. Κατεύθυνση Διοίκηση Επιχειρήσεων	el
heal.publicationDate	2007-01
heal.bibliographicCitation	Frangos, C. C. and Tountas, A. (2007). Closed-end funds: market description and the behavioral explanation of the discount . "Archives of Economic History" 19(1). January-June 2007. pp. 149-167. Available from: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1372099. [Accessed 24/08/2010]	en
heal.abstract	Closed-End funds cover approximately 40% of the Investment Funds, in the world market, that reached US dollars 11,7 trillion at the end of 2002. The market is captured by the US and EU Investment Funds that cover almost 95% of total assets. Existing since 1868, Closed-End Funds offer most of the advantages of the collective investments, and one threat that can prove to be an important opportunity: The Discount to the Net Asset Value (NAV) that they usually trade. The discount threat, can lead to superior total returns and this is one of the reasons why this small collective investment market still exists. We focus on the behavioural explanation of the discount puzzle, as it explains also the existence of periods or funds that are sold or traded at prices higher to their NAV.	en
heal.journalName	Archives of Economic History	el
heal.journalType	peer-reviewed
heal.fullTextAvailability	true