Current location - Trademark Inquiry Complete Network - Tian Tian Fund - Can fund managers with heavy positions on GEM be replaced by other sectors?
Can fund managers with heavy positions on GEM be replaced by other sectors?
It may not be replaceable.

According to Article 31 of Chapter 4 of the Measures for the Administration of the Operation of Public Offering of Securities Investment Funds:

Article 31 If the name of a fund indicates the investment direction, more than 80% of the assets of a non-cash fund shall be determined by the investment direction.

For example, index funds such as GEM ETF must allocate more than 80% of their assets to GEM stocks.

Another example: Huitianfu mobile Internet stocks, although there is no GEM in the name, most mobile Internet stocks are GEM stocks, so most assets must be allocated to GEM stocks.

However, if the investment direction is not clearly shown in the name, it is not necessary to abide by this provision, so it depends on the name of the fund to make an accurate judgment.