By: Dong Quan
Compiler: http://www.fundcn.org

Transaction costs low is the only advantage of the many closed-end funds of a factor, it also has potential for medium-term dividends, system innovation, Shejialu: back, and other characteristics, which are closed to investment funds give investors a good safety margins.

Interim dividends from speaking, in 2007 the stock market has been tremendous increase. Closed-end funds have taken relatively positive operating strategy in the transaction to achieve a higher profit, 2007 1 Bulletin revealed that 41 closed-end funds with an average gain of about 0.44 yuan each. If coupled with the second quarter of 2007 realized a net gain, according to conservative estimates 2007 interim distribution of the net proceeds for each is expected to more than 0.60 yuan, interim dividends have higher potential, but in the interests of holders of growing importance to the protection and full circumstances, Closed-end funds is part of the interim dividends should be worth the wait.

From the system in terms of innovation, according to the relevant media reports, the two companies fund innovative closed-end funds have come through a process of accreditation, is expected to begin in the second half of the issue, Innovation base closure issue is undoubtedly the current market would have closed the fund typical system innovation and broad demonstration effect room for imagination.

Back from Shejialu:, behavioral finance theory of empirical research, Closed-end funds Shejialu: investors in the future is expected by the market reaction, As long as the Chinese stock market to a good long-term bull market is not expected to change. Currently closed-end funds whose average 20% -30% of the Shejialu: will tend to narrow. And from the longer period, such as seven-9-year period, taking into account the rapid maturity of closed-end funds, RZ Shejialu: existence of a longer-term trend.

Copyright Fund China 2008.

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