每经热评︱大额赎回点燃的净值“虚火” 不应成为基金公司营销的噱头

Core Viewpoint - A fund experiencing a near-zero scale saw a nearly 70% surge in net value in a single day due to large institutional redemptions, leading to a significant increase in its quarterly scale, raising concerns about misleading marketing practices by the fund company [1][2]. Group 1: Fund Performance and Marketing - The surge in net value was not due to the fund manager's investment prowess but rather a short-term phenomenon caused by large institutional redemptions, which affected the fund's asset valuation [1]. - The fund company failed to clarify the true reason behind the net value increase and instead leveraged this surge for marketing, misleading investors about the fund's performance [1][2]. - This incident highlights a broader issue in the industry where funds, particularly those with a high proportion of institutional investors, can experience similar short-term value fluctuations due to redemption activities [1]. Group 2: Regulatory and Ethical Considerations - The incident raises questions about the integrity of fund management practices, as the company did not adequately disclose the reasons for the net value spike, potentially violating basic principles of honesty and responsibility towards investors [2]. - There is a call for regulatory bodies to enhance disclosure rules regarding significant net value fluctuations and to prohibit inappropriate marketing based on technical volatility [3]. - The industry is urged to focus on improving research capabilities and investor education rather than exploiting short-term market movements for marketing gains [3].