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What are the main risks faced by securities investment funds?
Market risk. The fund mainly invests in the securities market. Although diversified investment can eliminate unsystematic risks from a single company to a certain extent, it cannot eliminate systemic risks in the market.

Manage risks. Different fund managers have differences in professional ethics, investment management level, management methods and management techniques, which have an impact on the fund's income level.

Technical risk. When the computer, communication system, trading network and other technical support systems or information network support are abnormal, it may lead to the risk that the daily subscription or redemption of funds cannot be completed within the normal time limit, the registration system is paralyzed, the accounting system cannot display the net value of funds within the normal time limit, and the fund investment trading instructions cannot be transmitted immediately.

Huge redemption risk. This is the unique risk of open-end funds. If there are huge redemptions in succession due to market fluctuation or other reasons, fund managers will have difficulties in cash payment, and fund investors may encounter risks such as partial delay or suspension of redemption when applying for huge redemption of fund shares.