Closed-ended funds provide one of the best structures to invest in emerging markets, according to Da...
Closed-ended funds provide one of the best structures to invest in emerging markets, according to David Bliss, director at Lazard Asset Management. According to Bliss, the capital structure of closed-ended funds offers a number of advantages to both investment managers and investors. He said: "The advantage it gives fund managers is it allows them to enhance the returns they can give to their shareholders." He said this was particularly the case for volatile markets, and emerging markets were a good example. He said: "The majority of money has always gone into the big sister of the inves...
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