Uniwersytet WSB Merito w Warszawie
https://orcid.org/0009-0002-0929-3930
adrian.przymuszala@wsb.warszawa.pl
FAIR VALUE OF THE DEBT PORTFOLIO OF CLOSED-END INVESTMENT FUNDS
Abstract. The dynamic development of various forms of investment makes the selection of appropriate investment portfolio components an essential factor not only for individual investors but, most importantly, for institutional investors. Among institutional investors are closed-end in-vestment funds. An important aspect in the function of an investment fund’s operations is to act in the best interest of its participants. Undoub-tedly, a key manifestation of this is the accurate valuation of financial instruments. The author describes the debt market in Poland, examines issues related to the recognition of receivables and their fair value as components of a closed-end investment fund’s portfolio, and highlights the methods and techniques for valuing receivable portfolios from the perspective of a closed-end investment fund.
Key words : closed-end investment funds, fair value, receivables, capital market, stock exchange.
JEL classification: E44,G23