Huge redemption means that when the net redemption amount of an open-end fund (the balance after deducting the total number of redemption applications) exceeds 10% of the fund size, and the redemption acceptance ratio is not less than 10% of the total fund size, the fund manager can suspend the processing of the remaining redemption applications. When fund investors apply for redemption, they need to choose the huge redemption processing method of redemption application between continuous redemption and cancellation redemption.

When there is a huge redemption, fund managers generally have two ways to deal with it: full redemption.

When the fund management company thinks that it has the ability to pay all the redemption applications of investors, it will follow the normal redemption procedures and will not affect the interests of investors.

Partial deferred redemption

If the fund management company thinks that it is difficult to pay investors' redemption applications, or it may cause the net asset value of the fund to fluctuate greatly, it may suspend the processing of the remaining redemption applications on the premise that the proportion of redemption accepted on that day is not less than 65,438+00% of the total fund share of the previous day.

Investors should note that the deferred redemption will be priced according to the net value of fund shares on or after the next open day. Therefore, when applying for redemption, investors should choose whether to continue redemption in the case of huge redemption in the application form.

In addition, when the open-end fund is redeemed continuously, the fund management company can suspend accepting redemption applications according to the provisions of the fund contract and prospectus; The accepted redemption application can delay the payment of redemption money, but it cannot exceed the normal payment time of 20 working days, and it must be announced in the designated media.