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。
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。
Similarly, the former closed end-walls have been revitalized, with windows and balconies overlooking more of the area.
同样，通过俯瞰整个区域的窗户和阳台，也使前面得封闭式围墙始终充满活力。
If the market does fall a lot, it can also rebound even more strongly. By choosing a closed end structure, Fidelity is presumably guarding against such an outcome.
如果市场真的大幅下跌，日后的反弹也就可能更加强劲。富达选择封闭式结构，大概正是为了防范这样的结果。
A high-pitched woodwind instrument consisting of a slender tube closed at one end with keys and finger holes on the side and an opening near the closed end across which the breath is blown.
由一根一端封闭的纤细管子组成的高音木管乐器，侧边有按键和指孔，靠近封闭端有一个使气流进入的开口。
An electrochemical cell is provided with an enhanced pressure relief vent formed in a closed end of the cell container that achieves effective venting of gas from the closed end of the container.
一种电化学电池具有在电池容器封闭端形成的实现从容器内封闭端有效排气的增强卸压排气孔。
"They bought the seedlings and closed them down," complained Paul Arnold, a partner at San Francisco-based Switch Ventures, putting an end to businesses that might one day turn into competitors.
总部位于旧金山的Switch风险投资公司合伙人保罗·阿诺德抱怨道，“他们买下这些初创企业然后将其关闭”，将那些有朝一日可能会成长为竞争对手的企业扼杀于摇篮。
The timbers that closed the recovered end of the boat had been removed in antiquity when it was abandoned, but much about its original shape could be deduced.
在古代，当船被废弃的时候，用来封闭船的末端的木头已经被清除，但可以推断出其原始形状。
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。
A notice at the zoo said it would remain closed until the end of the year.
而园内贴出的一张通知上则写明关闭行为将会一直持续到今年年底。
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。
One retail route to the A-share market, he said, is the Morgan Stanley China a share Fund, a closed-end offering that started in 2007.
他说，一种进入A股市场的零售渠道是摩根·士丹利中国A股基金(Morgan Stanley ChinaaShare Fund)，这是从2007年开始推出的一种封闭型基金。
The liquidity lack of fund market is the main reason that cause the discount of closed-end fund of our country.
基金市场流动性的缺失是造成目前我国封闭式基金深度折价交易现象的主要原因。
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。
However, because of the special operation environment, China closed-end fund discount has its own characteristics different from that of foreign countries, which deserve further research.
而我国的封闭式基金因为运行环境的特殊性，存在着许多有别于国外封闭式基金的特点，值得深入的研究。
The closed - end fund discount phenomenon is a puzzle that has existed for a long time and has attracted much attention of economists.
封闭式基金的价格折扣现象是一个长期存在的谜题，一直备受学者关注。
From the Angle of the agent's cost which comes from the principal-agent between the investor and fund manager, the article analyses the reason of the discount of closed-end fund of our country.
从投资者和基金经理之间委托代理产生的代理成本的角度，分析了我国封闭式基金折价的原因。
This design alleviates the problem of keeping the closed - end capillary clean and free of mercury slugs.
这种设计缓和了要求保持封闭端毛细管清洁和水银芯畅通的问题。
This design alleviates the problem of keeping the closed-end capillary clean and free of mercury slugs.
这种设计缓和了要求保持封闭端毛细管清洁和水银芯畅通的问题。
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。
According to statistics, the week before the Spring Festival holiday, the average annualized yield rate of the bank issued RMB products with closed-end expected yield rate was 4.18%.
据统计，节前一周，银行发行的封闭式预期收益型人民币产品平均年化收益率为4.18%。
Too not consciously, raise some large green plants, these plants mostly greenery is luxuriant, pass photosynthesis, absorb carbon, and release oxygen, causes the closed-end office air becomes relaxed.
太不自觉了，养一些大型的绿叶植物，这些植物大都绿叶繁茂，通过光合作用，吸收二氧化碳，放出氧气，使封闭式办公室内的空气变得清爽。
This dissertation proceeds both behavioral finance and traditional finance, especially the former to understand the "closed-end fund puzzle"from the Chinese experience.
本论文尝试将行为金融学和主流金融学的思想融合在一起，尤其是前者，来研究中国的封闭式基金。
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。
The discount of closed-end fund violates the financial theory and challenges "the Efficient Market Hypothesis", but there is no improved and convinced theory to explain it.
折价现象违背了“有效市场假说”，但至今没有完善、令人信服的理论充分解释。
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。
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。
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