Closed-End Fund IPO Considerations
22 PIABA B.J. 283 (2015)
12 Pages Posted: 12 Apr 2016
Date Written: December 15, 2015
While closed-end funds (CEFs) have a long history, relatively recent research in economics and finance has provided new insights about these funds. This essay explains the unique structure of CEFs and argues that absent a compelling reason, investors should generally avoid purchasing CEF shares in an initial public offering.
Keywords: closed-end funds, IPOs, mutual funds
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