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Article
The performance persistence of closed-end funds.
Faculty Publications
  • Martina K. Schmidt
  • Jeff Madura
SelectedWorks Author Profiles:

Martina K. Schmidt

Document Type
Article
Publication Date
2000
Date Issued
2000-01-01
Date Available
2011-09-21
Disciplines
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
Citation Information
Bers, M. K. and Madura, J. (2000). The performance persistence of closed-end funds. Financial Review, 35, 33-52. doi: 10.1111/j.1540-6288.2000.tb01420.x