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three years after its establishment, an initiator fund was liquidated with a net value of only 0.2705 yuan.

for investors who bought into the fund when it was established, it is hard to accept that they lost more than 70% of their money after holding it for three years.

statistics show that among the funds that have been liquidated this year, many have had dismal performance.

buy high and sell lowthe fund was liquidated

on september 2, hengyue fund issued an announcement stating that the last operating day of its hengyue quality life mixed launch fund will be august 31, 2024, and it will enter the liquidation procedure from september 1.

the reason why the fund was liquidated is that it is an initiated fund. its fund contract stipulates that three years after the fund contract takes effect, if the net asset value of the fund is less than 200 million yuan, the fund contract will automatically terminate and cannot be extended by convening a meeting of fund shareholders.

public data shows that the hengyue quality life initiated fund contract will come into effect on august 31, 2021, and august 31, 2024 is the date when the fund contract will be in effect for three years. since the net asset value of the fund is less than 200 million yuan, the above fund contract agreement has been triggered, so it can only be liquidated.