An empirical examination of the diversification benefits of U.K. international equity closed-end funds
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DOI: 10.1016/j.irfa.2017.10.010
Abstract: I use the Bayesian approach of Wang (1998) to examine the diversification benefits of international equity U.K. closed-end funds (CEF) in the presence of market frictions. No short selling constraints substantially reduce, and in some… read more here.
Keywords: international equity; benefits international; diversification benefits; diversification ... See more keywords