继2006年的翻番行情之后,牛市、封转开效应与分红预期继续推动封闭式基金震荡走强。今年1月份以来,封闭式基金尽管依然强于大盘,但其震荡幅度明显加剧,表明在巨大的获利盘之下市场分歧加大,在前期如此高的涨幅下封闭式基金机会是否已经消失？我们认为,长线折价回归行情基础不改,坚定看多的观点不变;短期看,封闭式市场可能更多受制于大盘的走势。但封闭式基金,依然是2007年稳健的投资品种。 Following the doubling of the market in 2006, the bullish, closed-loop effect and dividend expectation continue to push the closed-end fund to go strong. Since January this year, although the closed-end funds are still stronger than the broader market, their volatility has obviously increased. This shows that the market divergence under the huge profit-taking market has risen or not. Has the closed-end fund opportunity disappeared in the early period of such high increase? We think that the long-term discount return to the market base does not change, a firm view of many unchanged; in the short term, the closed market may be more subject to the broader market trend. But closed-end funds, is still a robust investment in 2007 varieties.