Question: Why does a close-end fund have a discount? close end fund has a fixed number of shares. the manager of the fund is not popular

Why does a close-end fund have a discount? close end fund has a fixed number of shares. the manager of the fund is not popular and his/her investment style is out of favor so there are not many buyers of the fund. The price of the fund is more than the sum of the price of its components. It is overpriced

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