It is understood that there are three main situations for fund liquidation: to hold a general meeting of shareholders to vote for liquidation, to trigger the red line that the number of holders is less than 200 in consecutive 60 working days or the net asset value of the fund is less than 50 million yuan, and the liquidation is due. Of the 55 liquidation funds mentioned above, 23 were approved by the general meeting of shareholders, 31 were triggered by the termination of the contract, and Yinhua value-added was due to the non renewal of the principal guaranteed period.
The shrinking of fund scale is one of the important reasons for fund liquidation. Take the TEDA Manulife Asia Bond Fund as an example. From February 3 to April 27 this year, the net asset value of the fund was less than 50 million yuan for 60 consecutive working days, which triggered the termination clause of the contract and entered the liquidation period from April 28.
A public fund raiser in South China told reporters that fund liquidation is a normal process for the survival of the fittest. At the same time, the liquidation of some mini funds is related to the planning of fund companies. According to the relevant requirements, if the number of mini funds under the fund company exceeds a certain scale, it will be suspended from declaring new funds. Too many mini funds of the same type will also affect the declaration of similar fund products.
Source: Ren Hui, editor in charge of China Fund News_ NBJ9607