Current location - Trademark Inquiry Complete Network - Tian Tian Fund - What is a huge redemption? How to deal with the huge redemption of open-end funds subscribed by Guotai Junan?
What is a huge redemption? How to deal with the huge redemption of open-end funds subscribed by Guotai Junan?
On a single open day of an open-end fund, when the net redemption application of the fund (the balance after deducting the total redemption application) exceeds 10% of the total fund share of the previous day, it is regarded as a huge redemption. There are two ways to deal with huge redemption: full redemption and partial deferred redemption. When the fund manager thinks that he has the ability to cash the investor's redemption application, he should follow the normal redemption procedure, that is, full redemption. When the fund manager thinks that it is difficult to pay the investor's redemption application or the liquidation of assets due to the investor's redemption application may lead to great fluctuation of the fund's net asset value, he can take partial postponement of redemption, that is, on the premise that the redemption ratio accepted by the fund manager on the same day is not less than 65,438+00% of the total fund share of the previous day, the remaining redemption applications can be postponed. For the redemption application of the day, the redemption share accepted on the day is determined according to the proportion of the redemption application of a single account to the total redemption application; Unaccepted parts can be postponed to the next open day. Redemption applications transferred to the next open day do not enjoy priority, and the redemption amount is calculated according to the net asset value of the fund unit on that open day, and so on until all redemptions are completed. However, when applying for redemption, investors can choose to cancel the part that was not accepted on that day. In the event of huge redemption and deferred payment, the fund manager shall publish an announcement through the designated media, the fund manager's company website or the agency outlets within three trading days, and explain the relevant handling methods. The Southern Steady Growth Fund has been redeemed for a long time. If the fund manager deems it necessary, he may suspend accepting redemption applications; The accepted redemption application may delay the payment of redemption money, but it shall not exceed the normal payment time of 20 working days, and shall be announced in the designated media.