You have closed end funds, trade as a security listed on the stock exchange, but what they do is own other securities.
假如你持有封闭式基金，这种基金在证券交易所作为一种债券进行交易，但是实际上它们做的是持有其他债券。
Worse, two little-noticed but important bits of the market have imploded this month, and there are fears for a third, known as closed-end municipal-bond funds.
更为糟糕的是，在这个月，债券市场中两个很少引起关注但是很重要的部分崩溃了，并且人们担心下一个可能是封闭式市政债券基金。
There are numerous closed-end muni funds trading at double-digit percentage discounts to their NAVs.
有许多封闭式基金相对它们的基金资产净值有两位数百分比的折扣。
Vanguard, Fidelity and Putnam all have open-end convertible mutual funds, and there are many closed-end funds, including some trading at discounts to their net asset values.
先锋，富达和Putnam Investments都有可转换开放式共同基金的，同时也有许多封闭式基金，包括一些基金在其净资产值以下。
So many funds scramble to buy the new closed-end funds, there are markets in the role of empiricism.
这么多资金争相购买新的封闭式基金，但在经验主义的作用市场。
The shares of our country's closed end funds sell at discounts.
我国封闭式基金当前的市场价格存在着折价。
With a view to trade at discounts of closed-end funds, this paper tries to answer what is the character of the closed-end fund discount in Chinese market.
针对封闭式基金折价交易现象，本文解释我国封闭式基金折价交易的表现特征。
Closed - end funds discounts are negatively correlation with average return of stock market.
我国基金折价与证券市场的平均报酬负相关。
According to Efficient Markets Hypothesis, investors of closed-end funds can't earn excess risk-adjusted returns which accord with CAPM.
在有效市场的前提下，封闭式基金的收益应满足资本资产定价模型(CAPM)的假设，无法获得超额收益。
Therefore, how to objectively and accurately, comprehensive evaluation closed-end funds have become fund industry and the theoretical issues of general concern and a basic research project.
因此，如何客观、准确、全面的评价封闭式基金已成为基金业界和理论界普遍关注的问题和一项基础性研究课题。
The discount of closed-end funds is a puzzle.
封闭式基金折价令人困惑。
Chapter Three analyzed the status quo of the discount on China's closed-end funds.
第三章为我国封闭式基金折价现状分析。
NYSE Euronext offers customers around the world a single pan-European market for its stock market products, including equities, closed-end funds, bonds, exchange-traded funds and warrants.
纽泛交易所给客户提供一个国际化特有的欧洲盘股票产品交易市场，包括股权、封闭式基金、债券、交易型开放式指数基金和权证交易。
Chapter Four did the empirical analysis on the discount of China's closed-end funds. It was the core of the full article.
第四章为我国封闭式基金折价的实证分析部分，是全文的核心章节。
Some industry insiders pointed out that last week's closed-end funds fell mainly experienced pre-up, over-the-counter scramble to raise funds after profit-taking.
部分业内人士指出，上周封闭式基金下跌，主要是经验丰富的前行动，对场外争夺筹集资金后获利回吐。
This paper written before the launch of HS300 index futures, and made a general reference to investors those who want to arbitrage on high-discount closed-end funds.
本文写在沪深300指数期货推出之前，旨在提供给套利者一种实用的针对封闭式基金高折价的套利方法，为广大投资者以参考。
The deep discount makes our country's closed-end funds marginalized.
我国封闭式基金的深度折价使得我国封闭式基金边缘化。
The deep discount makes our country's closed-end funds marginalized.
我国封闭式基金的深度折价使得我国封闭式基金边缘化。
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