Closed-end funds have experienced an expansion of discount rate this month. At present, the discount rate of large-cap funds has reached about 28% which I think can be "overweight" as a whole. After the discount rate of many funds exceeds 30%, the discount rate is gradually passivated. As the maturity date of some small-cap funds approaches, the discount rate becomes more rigid and may be slightly lowered. The price basically fluctuates with the net value. Looking forward to the close in August, I think I can outperform the stock index. Because the preferential margin of back cover is getting closer and closer, it is very difficult to recommend back cover in August. The recommendations here are for reference only.

Recommended closed-end funds in August 2008 (in no particular order):

Fund Yulong, Fund Fenghe and Fund Anshun.