The discount of closed-end funds is not uncommon in the fund markets of various countries, but there are differences in the discount rate level. There are three main reasons why the discount rate of 20 10 closed-end funds has dropped sharply: first, the net value of closed-end funds has maintained a high growth, which is not inferior to that of open-end funds, despite the overall decline of the 20 10 securities market. Second, the current closed-end funds in the market are mainly due at 20 14. With the approach of maturity date, whether closed-end funds are liquidated or converted into open-end funds, the discounted part will be converted into investors' income. Thirdly, due to the high profitability of most closed-end funds in 20 10 and the need for cash dividends, the market's recognition of closed-end funds has increased, forming a unique year-end "dividend market" for closed-end funds and increasing the demand for closed-end funds.

In terms of dividends, the dividend requirements of closed-end funds are stricter than those of open-end funds. After making up the losses of previous years, the dividend ratio should not be less than 90%, so there is no large amount of profits left over from previous years. The premium transaction of closed-end funds has no obvious investment value.

Compared with index and open-end funds, the previous prices of 20 10 and 20 1 10 include the price increase caused by the shrinking discount rate, so the trend is better than the other two forms of funds.