Why is the social security fund a big cow? Look at the base cover!

Yesterday, I checked the trend of heavy stocks in various institutions and found that social security is really awesome. After 6000 points, QFII and (open-end) funds have similar trends and have not returned to 6000 points. At present, the fund only reaches half the level of 6000, and QFII's net performance seems to be better than the fund. The social security fund basically recovered a net value of 6000. The reason why social security has performed well in heavy positions may not only be because it is the national team. In fact, observing the trend of closed-end funds can be seen that the trend of the two is similar. Closed-end funds performed better, hitting a new high of 6000 points. Want to get the same harvest or better than the social security fund? Consider sealing the base! In fact, social security fund is also a closed-end fund. The social security fund is directly handed over to the fund company for operation, and it is not open or redeemed during the period, so the fund manager will not face the problem of position preparation for subscription and redemption. The statistical data shows intuitively that whether the fund is closed or not is a major factor that determines the level of fund operation. Because the closed-end fund is not open, investors can't buy (can't purchase) the base cover, so they can only go to the secondary market and buy it at the transaction price. However, due to the fact that closed-end funds are usually several years away from maturity, there is a "liquidity discount", that is, the back cover price traded in the market is lower than its actual net value by more than 10%. After investors buy closed-end funds like stocks, they will not disappear until the maturity date of closed-end funds, and then they can be redeemed according to the net value of closed-end funds.