Essays about: "Closed-end fund discount"

Showing result 6 - 9 of 9 essays containing the words Closed-end fund discount.

  1. 6. Investment Companies’ Discount Fluctuation on the Swedish Market : A statistical analysis regarding different micro-   and macroeconomic factors influence on Swedish closed-end funds’ discount

    University essay from IHH, Economics, Finance and Statistics

    Author : Ronnie Cau Nicklasson; Simon Hansson; [2013]
    Keywords : Swedish; closed-end fund s ; investment companies; discount; fluctuation; time-invariant characteristics; seasonal effects; CEF; fixed- and random effect model; Hausman test; OLS regression;

    Abstract : Closed-end funds’ (CEF) discount and discount fluctuations have been puzzling researchers for decades. Up to date, there are no multidimensional or cross-sectional variables that have been proved to influence CEFs simultaneously. READ MORE

  3. 7. The Discount Delusion - The Swedish Closed-End Fund Premium Puzzle

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Tommy Chen; Christer Tour; [2013]
    Keywords : Closed-End Funds; Discounts; Persistence; Sweden; Efficient Market Hypothesis;

    Abstract : The final piece to the Closed-End Fund Puzzle has long eluded researchers and practitioners alike. Many attempts have been made in order to explain the existence of persistent discounts on their net asset values with varying results that sometimes outright contradict each other. READ MORE

  4. 8. Abnormal Returns in Closed-End Funds: A study on Industrivärden

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Mandus Håkansson; Oscar Skog; [2010]
    Keywords : closed-end fund puzzle; abnormal returns; behavioral finance; discount; investor groups;

    Abstract : With a starting point in previous research on the Closed-End Fund Puzzle we look at data on Industrivärden’s portfolio and stock from 1996 to 2009. We find that an investment in Industrivärden has produced annualized excess returns of 3.31 percent above the returns of its holdings for the period 1996 to 2009. READ MORE

  5. 9. Listed Private Equity: A Study of Discount/Premium to NAV Characteristics

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Carl von Heijne; Claes Melander; [2008]
    Keywords : Listed Private Equity; LPE; Closed-end fund puzzle;

    Abstract : Combining findings from earlier research on the closed-end fund puzzle with research on private equity characteristics, we study the discount/premium properties of listed private equity funds. The sample includes 13 buyout funds and 144 venture capital funds, during the period 1988-2008. READ MORE