Now You See it, Now You Don’t – Country…

The dishonesty of fund management companies with their inflated fees and grossly overpaid managers seems to know no bounds despite the efforts of a few regulators. One of the ways of moving equity capital around the world and into lesser known markets than New York, London, Tokyo, Frankfurt etc has been the development of single-country funds traded on the major exchanges These can be either closed-end – ie of fixed size – and may be traded at a premium or discount to net asset value – or open, with their size determined by demand and price reflecting the underlying asset value.

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