Closed-end country funds trading at premium or discount
Why closed-end country funds often trade at the premium or discount?
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CECFs trade at the premium or discount since capital markets of home and host countries are segmented, preventing the cross-border arbitrage. If the cross-border arbitrage is really possible, CECFs must be trading near their net asset values.
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Give a brief introduction of the term ‘uniform cost manual’. And also write down its different contents?
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