Closed-End Fund Expenses and Investment Selection

D K Malhotra and Robert W McLeod

The Financial Review, 2000, vol. 35, issue 1, 85-104

Abstract: Investment returns on closed-end funds are highly volatile. Because expenses have a definite negative impact on closed-end fund returns, investors should include the expense ratio as a criterion for fund selection in addition to performance, investment objective, and risk of the fund. This paper constructs a model of the expense ratio of closed-end funds to explain cross-sectional differences in the expense ratios for the period between 1989-1996. We relate closed-end fund expenses to fund characteristics and identify the factors that can help investors choose low expense closed-end funds. Copyright 2000 by MIT Press.

Date: 2000
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:finrev:v:35:y:2000:i:1:p:85-104

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0732-8516

Access Statistics for this article

The Financial Review is currently edited by Cynthia J. Campbell and Arnold R. Cowan

More articles in The Financial Review from Eastern Finance Association Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().