Core Viewpoint - The recent wave of fund liquidations is a natural outcome of market mechanisms, reflecting a process of self-purification and the survival of the fittest in the investment landscape [1][2] Group 1: Fund Liquidation Trends - In 2024, over 300 funds have been liquidated, marking a record high, with 129 funds announcing liquidation in the first half of the year, an increase compared to the same period last year [1] - Many of the liquidated funds failed to meet the minimum scale threshold, indicating rational choices by investors as they shift funds towards products that can generate long-term returns [1] Group 2: Market Mechanism and Fund Structure - The liquidation process serves as a necessary pain for market self-correction, with the total number of public funds nearing 13,000, yet over 1,600 funds classified as "mini funds" with assets below 50 million yuan [1] - The regulatory body has been optimizing the fund exit mechanism, encouraging the liquidation of "zombie products," which has led fund companies to abandon the "shell protection" strategy and focus on competitive products [1][2] Group 3: Impact on Investment Strategies - The reduction of low-efficiency supply through liquidation promotes the optimization of fund structures and directs capital towards new productive themes [2] - Investors are advised to focus on core indicators such as the stability of fund managers, the adaptability of strategies, and resource allocation to avoid "high-risk liquidation" products [2]