Redemption, also known as repurchase, is aimed at open-end funds. Investors directly or through an agency request the fund management company to withdraw part or all of the investment from the fund and remit the repurchase money to the investor's account. People usually refer to funds mainly as securities investment funds.

Exchange method:

On a single open day of the fund, when the fund redemption application exceeds 10% of the total fund share of the previous day, it is a huge redemption. When there is a huge redemption application, the fund manager can choose the following two ways to deal with it:

When the fund manager thinks that he has the ability to cash the investor's redemption application, he should follow the normal redemption procedure.

Partial redemption

The fund manager will allocate the number of redemption applications of investors at a share ratio of not less than the total unit share 10%; If the investor fails to redeem this part, the investor shall clearly state the extension or cancellation of redemption when submitting the redemption application. The default way for the registration center is for investors to cancel the redemption. If you choose to postpone the redemption, it will be automatically transferred to the next open day to continue the redemption until it is fully redeemed; If you choose to cancel the redemption, some applications that have not been redeemed on that day will be revoked. The application for deferred redemption is handled together with the redemption application on the next open day, and there is no priority. The redemption amount is calculated according to the net value of fund shares on the open day.

When there is a huge redemption and the payment is delayed, the fund manager will notify the investors through the methods specified in the prospectus (such as the company website, sales agency outlets, etc.) within the time specified in the prospectus. ), explain the relevant treatment methods, and make an announcement in the media formulated by the China Securities Regulatory Commission.

In case of continuous huge redemption of the fund, the fund manager may suspend accepting redemption applications according to the fund contract and prospectus; The redemption application confirmed by the accepting unit may delay the payment of the redemption money, but it shall not exceed the normal payment time of 20 working days, and shall be announced in the media formulated by the China Securities Regulatory Commission.