One type of specialized fund is referred to as a "country" fund. In most cases, these funds are closed-end investment management companies:
A) so that their ADRs may trade on U.S. stock exchanges.
B) because it is often difficult to liquidate the foreign securities to get their value into the U.S.
C) in order to comply with the Geneva Convention.
D) because of the ease of redemption.
Answer: B) because it is often difficult to liquidate the foreign securities to get their value into the U.S.