Core Viewpoint - The article discusses the recent trend of mutual funds facing liquidation despite some having strong performance, highlighting a disconnect between fund performance and investor interest [1][4]. Group 1: Fund Performance and Liquidation - Several funds are at risk of liquidation due to low asset values, even as their net asset values reach new highs, indicating a paradox where strong performance does not attract sufficient investment [1][4]. - For instance, the Shenwan Lingxin Dividend Quantitative Stock Fund has seen its net asset value rise while its total assets fell below 50 million yuan, leading to liquidation warnings [4]. - Similarly, the Jiashi Ark One-Year Holding Fund has maintained a high net value but has also dropped below the 50 million yuan threshold for an extended period [4]. Group 2: Investor Behavior - Investors exhibit a "cash out" mentality, leading to a trend where they sell off shares even as fund values increase, resulting in a situation where funds experience "sell on the rise" behavior [2][6]. - The article notes that many investors prefer larger, well-known funds, which can lead to smaller funds struggling to attract capital despite good performance [6]. Group 3: Institutional Investors and Fund Dynamics - Some funds are facing liquidation due to significant redemptions by single large investors, which can drastically reduce fund size and push them below the liquidation threshold [3][7]. - The article highlights that certain funds, like the Nuode Anyuan Pure Bond Fund, have a high concentration of holdings by single investors, making them vulnerable to rapid outflows [7][8]. - Institutional investors often redeem their shares after achieving desired returns or reallocating their assets, which can lead to sudden drops in fund size [8].