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Can a closed-end fund defend its rights after losing half of its money?
If it is a officially issued fund approved by the state, it is difficult to safeguard rights. Unless the fault of the fund company can be found, and this fault has caused losses to investors. It is impossible to be an ordinary investor.

Another situation is that if we go to save money and are cheated by bank staff to buy a fund, then we can look for a bank to defend our rights at this time.