"In 2008, the volatility of the A-share market will increase," this is a consensus reached by many industry analysts at the turn of the year. For the large number of fund investors, understanding the types of funds and their risk-return characteristics, and achieving a match between risk and return through reasonable asset allocation and fund type configuration, is an appropriate investment strategy. Regarding closed-end funds, fund analysts have indicated that they still possess investment value in 2008. It's important to comprehensively consider both their performance and discount when evaluating them.