2. Holder's vote: The fund share holders' meeting voluntarily decides to terminate the fund contract and then go into liquidation.
Three. Compliance liquidation: non-compliance with regulatory requirements.
4. Passive liquidation: the fund scale is too small, which triggers the "red line" of liquidation, that is, the number of fund share holders is less than 200 for 60 consecutive working days, or the net asset value of the fund is less than 50 million yuan for 60 consecutive working days.
Generally speaking, there is a period of time from the announcement of liquidation by the fund company to the formal liquidation of the fund. During this period, investors can directly redeem the fund or convert it into the products of the same fund company.
If you do nothing, you can only wait for the fund to be liquidated. The liquidation process of the fund ranges from a few days to several months, and investors may also bear the liquidation expenses, so it is best to redeem the fund to be liquidated directly.
Generally speaking, fund liquidation is not a good thing, but there is no big loss. Just redeem the fund as soon as possible. If you want to avoid buying funds that are about to be liquidated, you can pay attention to funds with larger funds.
When the fund is established, the contract stipulates that it will be liquidated at maturity; Liquidation shall be carried out after the fund share holders' meeting voluntarily decides to terminate the fund contract; The scale of the fund is too small, which triggers the "red line" of liquidation-that is, the number of fund share holders is less than 200 for 60 consecutive working days, or the net asset value of the fund is less than 50 million yuan for 60 consecutive working days; The fund company did not meet the regulatory requirements and was forced to liquidate. Therefore, etf funds will be liquidated when the above conditions are met.
Fund liquidation refers to the realization of all fund assets and the distribution of income to holders. The holder will be informed of the fund liquidation. At the same time, before the fund is liquidated, the fund company will issue a liquidation announcement in advance. During this period, investors can redeem funds or convert funds to avoid losses caused by liquidation. If the investor does not redeem, it will enter the liquidation stage, during which the fund manager will no longer accept the application for subscription and redemption put forward by the investor. At the same time, fund management fees, fund custody fees and fund sales service fees will be stopped, and investors will enjoy current interest on their funds, but a certain liquidation fee will be deducted.