国投白银LOF补偿方案出炉：超九成个人投资者可获全额补偿，2月26日起在线登记

Core Viewpoint - Guotou Ruijin Fund Management Co., Ltd. has introduced a comprehensive compensation plan in response to the valuation adjustment incident of Guotou Silver LOF (161226), which has garnered significant attention in the industry due to its broad coverage, high compensation ratio, and efficient execution [2][3]. Summary by Sections Incident Background - The incident originated on February 2, when the net asset value (NAV) of Guotou Silver LOF plummeted by 31.5%, marking the largest single-day drop in the history of public funds. This drastic decline was attributed to a valuation adjustment announcement made by the fund company, which was based on significant discrepancies between international silver prices and domestic futures prices [3][4]. Compensation Plan Details - The compensation plan is strictly limited to individual investors who redeemed their shares during a specific time frame, excluding institutional investors [4]. - The compensation standards are tiered, favoring small investors. Over 90% of affected individual investors are expected to receive full compensation for their losses, with specific mechanisms in place for different loss amounts [5]. Rationale Behind the Compensation - The fund company clarified that the compensation plan, while compliant with regulations, is a proactive measure to address investor experience and maintain trust. The valuation adjustment was deemed legal, but the company recognized the potential negative impact on investor sentiment [6]. - The compensation process will be facilitated through an Alipay mini-program, with a planned launch date of February 26, 2026. Investors can expect to receive compensation within approximately 10 working days after processing [7]. Industry Implications - The compensation plan reflects the fund company's commitment to protecting the rights of small investors and demonstrates a responsible approach to managing investor relations during extreme market conditions. The design of the plan aims to balance fairness and operational sustainability for the fund company [7].