The mechanics behind investment funds: why closed‐end funds provide superior returns
Brian J. Glenn
(Bullrun Financial, Inc., Lawrenceville, NJ 08648)
Thomas Patrick
(The College of New Jersey, Ewing, NJ 08628)
826
Abstract
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.
Keywords
Citation
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
Publisher
:Emerald Group Publishing Limited
Copyright © 2004, Emerald Group Publishing Limited