发起式基金的“陷阱”？！富安达先进制造基金即将解散？基民们该怎么办？

Core Viewpoint - The fund "Fuan Da Advanced Manufacturing Mixed Initiation Fund" is at risk of termination due to its net asset value falling below 200 million yuan by June 28, 2025, leading to the suspension of subscription and investment activities to mitigate potential impacts on investors [1][3]. Fund Performance and Status - The fund was established on June 28, 2022, during a peak interest in advanced manufacturing sectors like new energy and semiconductors, but has since experienced a decline in scale and performance [3][7]. - As of March 31, 2025, the fund's net asset value was only 80 million yuan, with a net asset change rate of 2.14% [5]. - The fund has consistently shown a downward trend in net asset value since its inception, with significant declines noted in various reporting periods [5][6]. Regulatory and Market Context - The fund's potential termination reflects a broader issue with initiation funds, where poor performance and shrinking scale ultimately harm retail investors more than fund companies [7][12]. - The 200 million yuan liquidation threshold is seen as a reasonable regulatory measure to ensure operational efficiency and fairness to remaining investors, although it poses challenges for those who may be forced to redeem at unfavorable times [11][12].