In 1996, a group of securities called the World Equity Benchmark Shares (WF.BS) started trading on the

Question:

In 1996, a group of securities called the World Equity Benchmark Shares (WF.BS) started trading on the American Stock Exchange. WEBS for a country is a passively managed ETF indexed on the MSCI country benchmark index for that country. All else equal, what do you think would be the effect of the launch of WEBS for a country on the premium or discount of the closed-end country fund for that country?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Global Investments

ISBN: 978-0321527707

6th edition

Authors: Bruno Solnik, Dennis McLeavey

Question Posted: