Because the closed-end fund has a fixed closed-end period, the fund share is fixed during the closed-end period, and the fund share holders can't redeem it at will, so the closed-end fund has no redemption pressure, which is beneficial to the asset allocation and position management of the fund manager and, to a certain extent, to the improvement of the long-term performance of the fund.
If investors have certain requirements for liquidity, they should choose open-end funds; If investors have no requirements for liquidity, they should choose closed-end funds and make good plans.
The total size of closed-end funds is fixed and cannot be traded during the closed-end period. It can only be purchased and redeemed when the fund is regularly opened or listed, and its liquidity is poor.