Baur, Michael N.; Benkato, Omar; Quintero, Socorro M. - In: New York Economic Review 34 (2003) 1, pp. 51-62
There are fundamental differences between assets held by closed and open-end funds. Past research indicates that closed-end funds are less liquid than open-end funds. For example, a larger percentage of closed-end funds hold less liquid international securities. This paper surveys the existing...