The Pricing of Emerging Market Country Funds

• Main Authors: EUN, C. S., Janakiramanan, Sundaram, Senbert, Lemma W.
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2002
• Subjects: Finance and Financial Management; Portfolio and Security Analysis
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/1932; https://doi.org/10.1016/S0261-5606(02)00025-6
• Institution: Singapore Management University

This paper provides an analysis of the equilibrium pricing of closed-end country funds (CECFs) from emerging and nascent markets under the condition of segmented capital markets, where an investment company acquires a set of eligible securities from the home country to form a CECF and issues shares...