Jain, Ravi (contributor); Xia, Yihong (contributor); … - 2004
fund net asset values may change for many
fundamental and economic reasons other than liquidity. By examining the discount …). The Czech Republic Fund has only 36 months
of data, but all other funds have more than 50 observations. A few funds, such … about 5.4% (Czech Republic) to 18.7% (Templeton Russia) per month while the sample
volatility of NAV returns is only …