这类资产可能回报甚丰，原因只是其他投资者，例如共同基金，既不愿意也无能力来处理非流动性。

Such asset classes may offer a better return simply because other investors (mutual funds, for example) are unwilling or unable to deal with illiquidity.

youdao

在某些领域(比如说新兴市场)，投资者买卖交易所交易基金就要比做相关的非流动资产简单，但是流动性风险并没有消失。

In some sectors, like emerging markets, it is easier for investors to buy and sell an ETF than to trade in the underlying illiquid assets. But the liquidity risk has not gone away.

youdao

鉴于该基金更希望抬高其预估的非流动性资产，所以就会看到，早些时候撤回的投资人，在那段时间得到了较好的回报。

Given that the fund is more likely to inflate its estimation of the illiquid assets, it would seem that investors who withdraw early get the better returns over that time period.

youdao