TITLE

Closed-end funds' conversion may hurt investors

AUTHOR(S)
Murray, M. Christian
PUB. DATE
October 1998
SOURCE
National Underwriter / Life & Health Financial Services;10/5/98, Vol. 102 Issue 40, p63
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Cites a report by CDA/Wiesenberger which suggested that shareholders who take a closed-end fund and convert it to an open-end fund may damage the fund's long-term prospects. Massive redemptions following conversion of closed-end funds; Susceptibility of a portfolio manager to restructuring a portfolio in line with changing investor wants.
ACCESSION #
1185798

 

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