However, if more than 15 % of Fund assets (defined as net assets plus the amount of any borrowing for investment purposes) are illiquid, the Fund's investment adviser will
reduce illiquid assets such that they do not represent more than 15 % of Fund assets, subject to timing and other considerations which are in the best interests of the Fund and its shareholders; or
Not exact matches
This inevitably
reduces the attractiveness of relatively
illiquid assets like corporate bonds.
A broad diversification generally
reduces risk, but may also lead to higher trading costs (i.e. in
illiquid assets).
Make
illiquid markets liquid by digitizing
assets to launch new markets and
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