Closed-ended structures can be a more appropriate way of accessing volatile and less liquid markets, writes Richard Titherington, manager of the J.P. Morgan Global Emerging Markets Income trust.
Recent years have seen rapid economic growth in India and China. But, with both countries having undergone major change and challenges in 2012, questions about their future potential have led to much debate among investors.
President Barack Obama signed into law the ‘fiscal cliff' bill on Wednesday 2 January 2013 designed to prevent the country rolling out sharp spending cuts and sweeping tax rises.