Zagadka dyskonta w wycenach zamkniętych funduszy inwestycyjnych z perspektywy inwestora
Mystery of discount in valuations of closed-end funds from the investor’s perspective

Summary/Abstract: The article discusses the issue of the discount puzzle, i.e. differences between the net asset value of closed investment funds and their market prices. After confirmation that on the Polish regulated capital market investment certificates are also quoted at a discount, an analysis has been carried out whether it is possible to build effective investment strategy using these discount effects.

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