Honeycomb Fund responds to large redemptions of equity new products: Some investors temporarily redeem for safety

GoldenOctober2024

2024-09-03 07:16:43

On September 3rd, Jin10 Data reported that on September 2nd, the net value precision of the Fencore Trendy Selection Mixed Fund, a product of Fencore Fund, was adjusted due to a massive redemption. During intraday trading on September 3rd, the fund fell by 1.35%, with the latest net value reported as 0.9138. Fencore Fund officials stated that the equity market has experienced significant fluctuations recently, leading some investors to temporarily redeem for safe-haven purposes. They may consider purchasing again when the market stabilizes.

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