Title: Illiquidity, Portfolio Constraints, and Diversification
Abstract: Mutual funds are often restricted to allocate certain percentages of fund assets to certain securities that have different degrees of illiquidity. The coexistence of these restrictions and asset illiquidity and the interactions among them are important for the optimal trading strategy of a mutual fund. However, the existing literature ignores this coexistence and the interactions.
Publication Year: 2008
Publication Date: 2008-01-01
Language: en
Type: article
Indexed In: ['crossref']
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