Economics, Econometrics and Finance
8 years ago

Unlocking Profit Potential: How Daily NAV Data Can Boost Investments

Financial Services Review
A NAV a Day Keeps the Inefficiency Away? Fund Trading Strategies Using Daily Values
J. Christopher Hughen, Prem G. Mathew, Kent P. Ragan

Paper Summary

Short-term trading strategies in closed-end funds can be profitable by buying shares after large discount changes, even with transaction costs. However, selling shares after positive discount changes does not lead to profits. Limited trading in closed-end funds may make it hard to profit from discount fluctuations.

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