以下为句子列表：
英文: Because the managers of closed-end funds are perceived to be less responsive to profit opportunities than open-end fund managers, who must attract and retain shareholders, closed-end fund shares often sell at a discount from net asset value.
中文: 人们通常认为封闭式基金经理对利润的追逐动力不如开放式基金经理（因为开放式基金经理必须吸引和留住基金投资者），所以封闭式基金通常是按净资产值的一个折扣进行交易。
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英文: Closed-end funds in China are far outnumbered by open-end funds.
中文: 摘要近年来我国新设立的开放式基金远远多于封闭式基金。
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英文: For example an open ended 9/16th wrench is very similar to a 9/16th 6-point closed-end wrench but the 6-point closed end wrench is far better suited for removing extremely tight and even stuck nuts and bolts than is an open-ended wrench of the same size.
中文: 举个例子，一个开口端是9/16的扳手，它与闭锁式的9/16.6的扳手非常相似，但是差6个点的扳手远远要比能拧得很紧的扳手要好用的多，一个能粘装订书的工具要比一个开口端的扳手要好用得多。
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英文: Fund, Closed-end A mutual fund that offers a limited number of shares which are traded on an exchange.
中文: 封闭式基金只投放一定数量基金单位，并在交易所交易的共同基金。
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英文: The discount transactions of closed-end funds are the normal phenomena of China and overseas fund market, and the failure of traditional economic theories to explain the discount brought suspicion to The Efficiency Market Hypothesis.
中文: 摘要封闭式基金的折价交易是国内外基金市场的普遍现象，而传统经济理论在解释封闭式基金折价现象方面的失败对“市场有效性假说”提出了质疑。
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