At this point, investors can buy funds in the secondary market and then apply for redemption, which can earn risk-free spreads.

If the discount is positive, the market price of the fund is higher than the net market value.

At this point, investors can buy funds and then sell them in the secondary market to earn risk-free spreads.

Therefore, positive discount rate and negative discount rate have their own uses.

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In addition to the discount rate, closed-end funds also look at the net value, which is equivalent to the value of stocks. In general, the higher the net value, the higher the fund price.

In addition, the most important thing is to see who the fund manager is, which is the top priority.

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Because closed-end funds are not as convenient as open-end funds, I personally think it is better to invest in open-end funds. Just look at the net value of the fund.