November 13, 2008
Currency trading information – Solving this problem is difficult.
Management may counteract incipient dilution by buying short-term Treasury or corporate obligations. This may involve the loss of income. In a sense, it also expresses doubt about the near-term course of stock prices. If so much doubt exists, is it fair to invite investment in the shares of the open-end fund? It must be conceded that the problem is difficult to appraise. Evidence does not establish a clear-cut superiority in the results of closed-end over open-end companies, and the former operate without having to meet this problem.
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