As for the close-ended fund, the number of stocks issued is fixed.

至于封闭式基金，其对外发行的股份数量则为固定的，无法增加。

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The close-ended fund meets the serious challenge on the securities market.

封闭式基金在证券市场的运作上遇到严重的挑战。

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He bought some close-ended funds at the advice of his financial consultant.

他在理财顾问的建议下，购买了一些封闭性基金。

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So shares in close-ended funds may trade above or (more often) below net asset value.

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The end result, given enough sale orders, would be a material reduction in the share price of the forbidden companies or, in the case of a close-ended fund, the fund itself.

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