封闭式基金的折价研究

Study on the Discount of the ClosedEnd Fund

我国封闭式基金当前的市场价格存在着折价。理论界与广大投资者对这一现象都感到困惑不解。事实上 ,在西方发达的证券市场也存在同样的问题。本文通过对西方封闭式基金折价理论的研究 ,分析了我国封闭式基金折价的原因。

The shares of our country's closed end funds sell at discounts.Both financial economists and investors are perplexed by the phenomenon.The same puzzle also exists in the western mature securities market.In terms of the various theories of closedend fund discount,we analyses our country's closedend funds.