According to the relevant laws and regulations of China Fund, if the net asset value of the fund is less than 50 million yuan for 60 consecutive days, or the number of fund share holders is less than 65,438+000 for 60 consecutive days, the fund manager has the right to announce the termination of the fund after approval by the China Securities Regulatory Commission.
If the long-term loss of performance is neglected, then the liquidation will definitely lose money. When the fund is liquidated, it shall be calculated according to the current net value. If it is a stock-based hybrid fund bought at a high level, it is equivalent to being forced to cut meat. In contrast, short-term financial funds such as money funds or Huitianfu generally have a net worth of more than one yuan, and if they are liquidated, they will not cause losses to investors.
As can be seen from the regulations, the conditions for fund liquidation are harsh. First of all, as a wealth management product, funds have been widely recognized and accepted. At present, the base of domestic funds is very large, and it is basically impossible for a fund to have fewer than 65,438+000 fund share holders for 60 consecutive days.
Even liquidation, that is, returning money to investors according to the net value of the last day, is equivalent to the concept of compulsory redemption. For equity fund holders, the loss caused by liquidation is definitely great, because time can no longer change space; For closed-end funds, because of the discount, they will be liquidated at net value, which is a good thing.