well my point is that liquidity requirements are less likely to affect a KS fund.
Any non KS mutual fund will potentially have returns affected by liquidity in the usual way which is : being able to accept lower liquidity can potentially increase returns (as long as you're not forced to liquidate at a bad time).I understand this is called a liquidity premium.And the converse is true that if you require high liquidity your investments will likely have lower returns.
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