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。
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。
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。
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。
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。
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。
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。
Based on the practice situation of China stock market and the closed-end fund, the investor sentiment theory is suitable for domestic market.
基于中国股票市场与封闭式基金的实际情况，投资者情绪理论在中国还是适用的。
Article 5 in a fund contract the mode of operation of the fund shall be specified. There may be closed-end funding, open-end funding and other modes.
第五条基金合同应当约定基金运作方式。基金运作方式可以采用封闭式、开放式或者其他方式。
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。
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。
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%。
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。
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。
Closed-end fund discount is a puzzle which perturbs many people, for it violates the efficient market hypothesis and challenges the modern financial theory.
封闭型基金折价是一个一直困扰人们的难解之谜，它违背了有效市场假说，是对现代金融理论的一种挑战。
At the end of the workflow, the state of the damage claim is updated to Closed and the case is declared as a record as appropriate.
在这个工作流结束时，损害索赔的状态被更新为Closed，根据需要记录这个索赔。
But at the end of the summer, the CTO brought me into the corner office and closed the door.
但是在夏季即将结束时，CTO把我叫进经理办公室，并关上门。
Eventually I turned and looked toward the far end of the bridge. There on the corner to the east was a bright patch of light at an intersection of closed shops.
最后，我回过头来望向桥的另一头，只见东面的角落里有一片地方灯火通明，周围都是关闭的商店。
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。
The interface can also be closed prior to the end of the session, either programmatically or by the user.
也可以采用编程方式或由用户在会话结束之前关闭界面。
Rutland's post office closed decades ago. But at the end of Main Street is a school.
当地的邮局几十年前就歇业了，但是在主街道的尽头，有一所学校。
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。
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。
If you practice kicking a soccer ball with your eyes closed, it takes only a few tries to become quite good at predicting where the ball will end up.
如果你闭着眼睛练习踢足球，仅仅只需几次尝试就能很好的预测球的最终方位。
You’d reduce water use and end runoff by recycling water in a closed irrigation system.
人们还可以在封闭的灌溉系统中循环用水以减少用水量、避免径流造成土肥流失。
You'd reduce water use and end runoff by recycling water in a closed irrigation system.
人们还可以在封闭的灌溉系统中循环用水以减少用水量、避免径流造成土肥流失。
In the end, a substantial transfer from Saudi Arabia closed the gap.
最终，由沙特阿拉伯划拨的大量资金弥补了这一差额。
In the end, a substantial transfer from Saudi Arabia closed the gap.
最终，由沙特阿拉伯划拨的大量资金弥补了这一差额。
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