Effects of Closed-end Fund Size on Performance

摘要：

This paper examines the returns of all 54 closed-end funds in China from 2000-2005, to determine whether or nor the size of a fund has an effect on its performance. The results in this paper suggest that the size of a closed-end fund has no impact on its performance. We therefore believe that investors wishing to incorporate closed-end funds in their portfolios should not necessarily be concerned with the size of a closed-end fund, but rather with various measures of its performance, such as risk-adjusted returns.

关键词： Funds Performance evaluation Size

作者: Feng Junlian Chen Jianguang

作者单位: College of Business Management,Instructor of Institute of Higher Education,HuNan University,Changsha,P.R.China,410082

会议类型: 国际会议

会议名称: 2006 International Conference on Management Science and Engineering(2006管理科学与工程国际学术研讨会)

会议地点: 武汉

会议语种:英文

页码: 730-732

在线出版日期: 2006-11-08（万方平台首次上网日期，不代表论文的发表时间）