Which of the following maintains a portfolio of stocks in the foreign country and is subject to trading and reporting regulations in that country?

Question

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Where foreign capital market restrictions apply,the foreign market is not regarded as directly investable.Rather,investment is usually via a form of fund.These funds are known as 'country funds' or 'closed-end country funds',and operate with local government approval.The country fund maintains a portfolio of stocks in the foreign country,and is subject to trading and reporting regulations in that country.

Which of the Following Maintains a Portfolio of Stocks in the Foreign