With regard to the past performance of U.S.-based closed-end country funds

Question

Quizplus · Accepted Answer

The question implies that the performance of U.S.-based closed-end country funds is being discussed. In this context, Option A suggests that investors who can invest directly in foreign markets without incurring excessive costs should do so, indicating that CECFs may not be the best choice for such investors. Option B suggests that NAVs offer superior diversification opportunities compared to the CECFs, which indicates that the latter may not offer optimal diversification benefits. Thus, the best choice is option C, which combines both A and B, suggesting that investors who can directly invest in foreign markets should do so, and that NAVs offer better diversification benefits compared to CECFs.

With Regard to the Past Performance of U