Financials May 19, 2022 12:48 AM (GMT+8) · EqualOcean
Recently, several funds issued suggestive announcements that their net asset value was less than 50 million yuan for 20 consecutive working days (or more). It is reported that the above funds have been established for less than a year, and two of them were established at the end of the first quarter of this year. It is worth noting that some "early warning" funds may try to "save themselves" in order to survive. According to statistics, since this year, more than 80 funds have issued announcements that "may trigger the termination of the contract" or "the net asset value of the fund is continuously lower than 50 million yuan". Most of these funds have been under the liquidation line of 50 million yuan for more than 40 working days. According to wind data, as of May 18, a total of 67 fund products issued liquidation reports during the year, of which 36 triggered contract termination clauses due to scale problems, accounting for 53.7%.