USF St. Petersburg campus Faculty Publications
The performance persistence of closed-end funds.
Document Type
Article
Publication Date
2000
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.
Language
en_US
Publisher
Blackwell Publishers for the Eastern Finance Association
Recommended Citation
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
Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.
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.