This study examines the performance of both open‐ended and closed‐end mutual funds – as fixed income securities and vehicles for capital gains. A determination will be made of which categories one group was able to outperform the other and to recognize why a group performs better or worse over time.
Glenn, B.J. and Patrick, T. (2004), "The mechanics behind investment funds: why closed‐end funds provide superior returns", Managerial Finance, Vol. 30 No. 12, pp. 86-102. https://doi.org/10.1108/03074350410769407
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