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Article: Global Small Cap Fund Inc. makes announcement.
- Article from:
- Business Wire
- Article date:
- January 18, 1995
CopyrightCOPYRIGHT 1995 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK--(BUSINESS WIRE)--Jan. 18, 1995--Global Small Cap Fund Inc. ("the Fund") (AMEX: GSG) commenced operations on October 15, 1993, with an initial net asset value of $14.18 per share.
The Fund was almost fully invested by the end of 1993. By December 31, 1994, the Fund's net asset value declined to $12.43 per share while its market value declined to $10.00 per share, after paying a short-term capital gain of $0.7968 on December 30, 1994. The Fund's total return, based on net asset value, from inception through December 31, 1994 was -11.82% while the total return based on market value was -23.86% for the same period.
World stock markets entered a bearish ...