Closed-end funds lose their luster
Article Abstract:
Analysts state that Asian closed-end funds have lost much of their appeal as the top investment vehicle for Asia's emerging markets. Investors have shifted their attention to open-ended funds, which create more units depending on the demand and which set unit prices based on the fund's net asset value. Another factor which has helped to drive the popularity of open-ended funds is the fact that they are easier to enter and exit.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
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Growth of Islamic funds shows Asian awareness
Article Abstract:
Many Asian mutual fund companies are introducing new investment funds which invest according to Islamic law. These funds are prohibited from investing in companies engaged in gambling, alcohol and foods not allowed by Islamic law. Most of these Islamic mutual funds operate in predominantly Muslim countries such as Malaysia and Indonesia. Analysts, however, remain skeptical about the growth prospects of such niche mutual funds.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
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