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"no matter how hard you try, you won't get a chance to turn things around" 208 funds closed this year

2024-09-26

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"the worst thing about buying a fund is probably not that you keep losing money, but that you want to grit your teeth and hold on, but the product is gone." investor xiao tang told the first financial reporter that he no longer has a chance to make his money back on a fund he holds because the product was liquidated recently, so he was passively "relieved."

entering the second half of the year, the pace of fund liquidation has accelerated significantly. wind data shows that 29 funds have been officially liquidated since september, an increase of 52% year-on-year, and this figure has also hit a record high in the past six years. nearly 100 products have "closed the curtain" in the past quarter. at the same time, there are thousands of products with a scale of less than 50 million yuan.

according to incomplete statistics from china business news, more than 80 funds have issued liquidation warnings in the past month. if the performance and continued operation of the products fail to attract investors, it may only be a matter of time before these products are liquidated. in the view of industry insiders, the fund liquidation system has many benefits for the healthy development of the industry, but for individual investors, the liquidation of the funds they hold will undoubtedly affect their investment experience. if the net value of the fund has fallen, they may also face the loss of principal.

more than 200 funds closed

before the national day holiday, several funds joined the ranks of liquidation and exit. on september 24, invesco great wall excellence growth issued an announcement that the fund's last operating day was set for september 23, and it entered the liquidation procedure on the 24th. the reason for the liquidation of the fund was that the net asset value of the fund was less than rmb 50 million for 50 consecutive working days, thus triggering the termination circumstances stipulated in the fund contract.