1. If it is a fund that invests in A-shares, it is impossible to exceed 10%, whether on or off-market. On-market funds comply with the 10% price limit, so they cannot exceed .

2. Other types of funds, such as gold funds, or QDII, etc., may exceed 10% because these funds invest in foreign markets or markets with no price limit.

3. When the fund increases by more than 10%, there is a special situation where the fund undergoes a huge redemption. Part of the redemption fee is included in the remaining assets of the fund, which may lead to the loss of the fund. The increase exceeds 10% or even multiples, but this situation is optional.

Huge redemption means that when the net redemption volume of an open-end fund on the day (the balance after the total number of redemption applications minus the total number of subscription applications) exceeds 10% of the fund size, the fund manager can accept redemptions If the redemption ratio is not less than 10% of the total fund size, the remaining redemption applications will be deferred.

When fund investors apply for redemption, they need to choose the huge redemption processing method for the redemption application between continuous redemption and cancellation.

Extended information

When a huge redemption occurs, fund managers generally have two methods of handling:

1. Redemption in full

< p>When the fund management company believes that it has the ability to honor all investors' redemption applications, it will follow the normal redemption procedures and have no impact on the interests of investors.

2. Partial deferred redemption

If the fund management company believes that it is difficult to honor the investor's redemption application, or may cause large fluctuations in the net asset value of the fund, it may On the premise that the proportion of redemptions accepted on that day is not less than 10% of the total fund shares on the previous day, the remaining redemption applications will be deferred.

The trading hours of stocks are:

The trading hours are 4 hours, divided into two periods: Monday to Friday 9:30 am to 11:30 am and 13:00 pm to 15:00.

Beginning at 9:15 am, investors can place orders, and the order price is limited to plus or minus 10% of the closing price of the previous business day, that is, between the daily price limit and the daily price limit. Orders placed before 9:25 will be matched at 9:25 a.m., and the resulting price will be the so-called "opening price." Orders placed between 9:25 and 9:30 will not be processed until 9:30.

If the price you ordered cannot be executed on the current trading day, you must place a new order on the next trading day.

Closed days: No trading on Saturdays, Sundays and closing days announced by the Shanghai Stock Exchange.

(Generally national statutory holidays such as May Day, National Day, Spring Festival, New Year's Day, Tomb Sweeping Day, Dragon Boat Festival, Mid-Autumn Festival, etc.)

Baidu Encyclopedia - Huge Redemption

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