西部利得基金旗下这只FOF遭遇"至暗时刻"，资产跌破2亿被迫清算！

Core Viewpoint - The West Asset Management Fund announced the termination of its "West Asset Management Seasonal Fund" due to its net asset value falling below 200 million yuan, triggering automatic termination as per the fund contract [1][2][4]. Fund Termination and Liquidation Process - The fund was established on May 17, 2022, and will automatically terminate on May 17, 2025, as its net asset value has dropped below the stipulated threshold of 200 million yuan [1][2]. - The last operational day for the fund was May 17, 2025, and it officially entered the liquidation process on May 18, 2025 [4]. - During the liquidation period, the fund will cease to charge management, custody, and sales service fees to protect investor interests [4]. Liquidation Procedures and Investor Rights - A liquidation team will be established within 30 working days, operating under the supervision of the China Securities Regulatory Commission [4]. - The liquidation process is expected to take approximately six months, with potential extensions in special circumstances [5]. - All related costs during liquidation, including transaction fees, legal fees, and accounting fees, will be prioritized for payment from the remaining fund assets [5]. - The liquidation team will manage the fund's assets, clear debts, and prepare a liquidation report, which will be audited and submitted to the regulatory authority [5]. Market Impact and Industry Trends - The termination of the West Asset Management Seasonal Fund is indicative of a broader trend in the fund industry, where smaller or underperforming funds are increasingly being liquidated due to market changes and regulatory adjustments [5]. - The performance of fund-of-funds (FOF) is influenced by various factors, including market volatility and investor behavior, which can lead to challenges in maintaining adequate asset sizes [5]. - Investors are advised to pay close attention to fund management announcements regarding liquidation progress and asset distribution, and to consider fund size, investment strategy, and risk management when selecting funds in the future [5].