
doi: 10.1108/eb028703
An increasing number of investors are becoming more and more aware of the benefits of diversification in terms of expected returns and risks. These investors are looking to international investing as a method of reducing risk. Because of the perceived benefits, Closed‐end (Country) Funds are becoming more popular with investors (Logue, 1982; Bonser‐Neal, 1990; Gould, 1990; Fadiman, 1990; Eun, 1991).
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