The discount transactions of closed-end funds are the normal phenomena of China and overseas fund market, and the failure of traditional economic theories to explain the discount brought suspicion to The Efficiency Market Hypothesis.
The discount transactions of closed-end funds are the normal phenomena of China and overseas fund market, and the failure of traditional economic theories to explain the discount brought suspicion to The Efficiency Market Hypothesis.
摘要封闭式基金的折价交易是国内外基金市场的普遍现象，而传统经济理论在解释封闭式基金折价现象方面的失败对“市场有效性假说”提出了质疑。