1. Huge redemption of wealth management: when the net redemption application of the fund (the balance after deducting the total number of subscription application shares and the total number of transferred application shares in the fund conversion) exceeds 10% of the total fund shares of the previous day.

2. The logo of huge exchange is divided into "extension" and "cancellation". Deferred, that is, when a huge redemption occurs, the part that cannot be redeemed will be redeemed automatically on the next trading day by default, and the redemption amount will be calculated based on the net value of the fund unit on the actual redemption date, and so on until it is fully redeemed; "Cancel", that is, when a huge redemption occurs, the part that cannot be redeemed continues to hold the remaining share, and if it needs to be redeemed in the future, it needs to be operated by itself.

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

1. Redeem in full.

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.

2. 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.

Does the huge redemption have an impact?

If there is a huge redemption of the fund, a large amount of expenses will be deducted due to large-scale redemption. According to the provisions of the fund contract, part of the redemption fee will be included in the fund assets, which will lead to an increase in the net value of the fund. The huge redemption of the fund may also lead to the abnormal rounding of the net value of the fund, because the net value of the fund is kept to the fourth place after the decimal point, and then rounded up, which will be affected in the event of huge redemption. There is also a situation where the market rises or falls when the fund is redeemed, which will also lead to a rise or fall in the net value. Therefore, for us ordinary investors, the huge redemption of the fund is not necessarily to make money or lose money.