When the fund falls, the market value held by investors will decrease as the net value falls. However, the market value will not be less than or equal to 0, because the net value of the fund has fallen to a certain extent, and the worst case is that the fund company will be liquidated. After the liquidation is completed, the market value of the investor shall be calculated according to the net value before liquidation, and shall be returned to the investor after deducting the liquidation expenses. The fund will enter liquidation under the following three circumstances:

1, closed-end fund expires. Closed-end funds generally have a duration, and they will be liquidated if they do not extend their duration after expiration.

2. Open-end funds meet the liquidation conditions. Open-end funds will be liquidated if they meet the following conditions: first, the net value of the fund is less than 50 million for 20 consecutive working days, and second, the number of fund holders is less than 200 for 20 consecutive working days.

3. The scale of new fund raising is not up to standard. In the initial public offering, there is a minimum scale, generally 50 million. If it does not reach the scale, it means that the fund has failed to issue and needs liquidation.

Tips: The above contents are for reference only, not as any suggestions. Investment is risky, so be cautious when entering the market.

Reply time: 202 1-06-22. Please refer to the latest business changes announced by Ping An Bank in official website.

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