摘要
封闭式基金折价交易在各国资本市场普遍存在。中国也不例外。不同的投资者结构,不同的市场环境均会导致封闭式基金折价不同的波动。文章通过构造基金折价指数、价格指数、净值指数和上证综合指数,利用相关性检验,分析在不同市场环境下封闭式基金折价特征,并对结论进行解释。
The volatility of discounts of closed - end funds is triggered by different investor types and different market environments. In this paper, SSE Composite, indexes of discounts, prices and the underlying net assets are constructed to explain discounts of closed - end funds in different market environments. Some potential explanations are discussed with regard to the con- clusion.
出处
《上海师范大学学报（哲学社会科学版）》
北大核心
2005年第5期46-51,共6页
Journal of Shanghai Normal University(Philosophy & Social Sciences Edition)
关键词
封闭式基金
折价特征
市场环境
closed - end fund, discount features, market environments
