Current location - Trademark Inquiry Complete Network - Tian Tian Fund - What does it mean to open redemption with a large capital limit?
What does it mean to open redemption with a large capital limit?
You can't redeem too much money at a time, which is as simple as that.

The reason for this is that some local tyrants always apply for or redeem1100,000 yuan, resulting in the cash in the fund assets being less than 5% of the regulatory requirements. Fund managers must sell stocks or bonds as soon as possible to make up for this 5% loss. If the price of securities falls sharply due to a large number of sales, all fund holders will follow suit, which is of course unfair to most people who don't want to redeem.