Why did the huge redemption fund skyrocket?
When the fund encounters huge redemption, if the holding time is not long enough, the general redemption rate is relatively high, and the general fund will be charged a handling fee of 1.5% within 7 days. In addition, it should be noted that according to the provisions of the fund prospectus, the redemption fee charged by the fund shares of Class A funds with a holding period of less than 30 days is fully included in the fund property.
Take a simple example: if a fund's unit net value is 1 yuan, its share is100000, and its total assets are100000, assuming that a fund redeems 9.9 million shares within 7 days and the redemption rate is 1.5%, it needs to pay 9.9 million */kloc.
Then the total assets of the fund will become 148500+65438+ million = 148500, that is, the remaining fund share will be 65438+ million, then the net value of the fund will become 1.485, and the one-day rate of return will be as high as 148.5%.
Is huge fund redemption a good thing?
When the fund is redeemed in large quantities, the fund will skyrocket. This is because the redemption fee is included in the fund assets, so the redemption day is good for investors.
But in the long run, it is not a good thing, because when there is a huge redemption of the fund, then to a certain extent, the fund manager will be forced to sell the fund investment target, and there will be pressure to pay a huge redemption. Therefore, when the fund is redeemed, it may also lead to a decline in the stock market, and when the stock falls, it will aggravate the decline in the net value of the fund.
At that time, if most investors want to redeem, and more investors redeem, the scale of the fund will become smaller and smaller. When the fund falls to a certain extent, there is a risk of bankruptcy, and it is not a good thing to redeem the fund in huge amounts.