Core Viewpoint - The article discusses the compensation scheme for investors affected by the valuation adjustment of the Guotou Ruijin Silver Fund, highlighting the reasons why certain investors are not eligible for compensation [1][11]. Group 1: Compensation Scheme Details - The compensation scheme applies only to individual investors who submitted redemption requests between January 30, 2026, 3 PM and February 2, 2026, 3 PM [5]. - Investors who did not redeem their shares are considered to have only experienced "paper fluctuations," and thus are not eligible for compensation [4][14]. - The cumulative net asset value return for the silver LOF fund on February 2 and 3 was -29.23%, closely matching the 29.34% decline in silver futures, indicating that non-redeeming investors were not significantly impacted by the valuation adjustment [6][16]. Group 2: Market Expert Insights - Market experts emphasize the distinction between "realized losses" for redeeming investors and "unrealized paper losses" for those who held their investments [5][15]. - The different trading mechanisms between on-market trading and off-market redemption mean that on-market investors are not covered by the compensation scheme, as their transaction prices reflect real-time market conditions [8][18]. - The valuation adjustment process was initiated to maintain fair valuation and prevent "first redemption advantage" behaviors during extreme market conditions, which protects the interests of all investors [8][19]. Group 3: Future Recommendations - Experts suggest that the asset management industry should improve its emergency response mechanisms and enhance the timeliness of information disclosure to better protect investor interests during market volatility [9][19].

Core Viewpoint - The incident involving Guotou Ruijin Silver LOF Fund has led to significant investor losses and raised concerns about the fund's valuation adjustments and information disclosure practices [1][11][12]. Fund Performance and Investor Losses - As of February 10, the A share net value of the Guotou Ruijin Silver LOF Fund was 2.2514 yuan, and the C share was 2.2308 yuan, both showing a slight recovery of 3.48% compared to a significant drop on February 2 [1]. - On February 2, the fund's A share net value plummeted from 3.2838 yuan to 2.2494 yuan, marking a record single-day decline of 31.5% [3][10]. - Some investors reported losses exceeding 60% of their principal, with individual losses reaching over 10,000 yuan [1][3]. Legal and Regulatory Concerns - Legal experts suggest that Guotou Ruijin Fund's actions may violate the Securities Investment Fund Law, particularly regarding the management obligations and the adequacy of contract and regulatory basis for the valuation adjustments [1][12]. - The fund's late announcement of valuation adjustments after trading hours on February 2 has been criticized for failing to meet timely disclosure requirements, constituting a significant omission [11][12]. Investor Reactions and Complaints - Investors have begun to seek redress through various channels, including third-party complaint platforms and social media, with complaints exceeding 17,000 entries [11][12]. - The fund has established a special task force to address investor concerns and facilitate resolution through mediation, arbitration, and litigation [1][10]. Fund Management's Response - In response to the backlash, Guotou Ruijin Fund emphasized its commitment to investor interests, the formation of a task force to develop solutions, and the establishment of clear channels for investor claims [1][10].

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 而基金公司则表示，此举是为保护持有人利益，确保净值公允。 来源：小基慢跑 基金净值单日暴跌31.5%，国内公募基金史上最大单日跌幅诞生，国投瑞银白银LOF基金被推上风口浪 尖。 "欲戴皇冠，必承其重"，规模涨的有多快，现在压力就有多大。 这和当年的"华子"，赛道型基金其实都一样。 2026年2月2日，持有国投瑞银白银LOF基金的投资者经历了一场"惊魂夜"。当晚更新的基金净值显示， 该基金单日跌幅高达31.5%，创下公募基金历史最高单日跌幅纪录。 这一罕见的暴跌并非完全源于市场波动，而是基金公司主动调整估值方法所致。愤怒的投资者在社交平 台宣泄不满，称"沪银当天已经跌停跌了17%，凭什么基金要跌31.5%？" 估值调整风波 国投瑞银基金在2月2日晚间发布公告，宣布对旗下白银LOF基金进行估值调整。公告称，鉴于近期白银 国际主要市场价格出现显著波动，与上海期货交易所白银期货差异较大，公司决定参考国际主要市场价 格变动幅度对基金资产进行合理重估。 这一调整的直接结果是，基金净值从前一交易日的3.2838元骤降至2.2494元，单日跌幅达到惊人 ...

2026.02.03 按照基金合同约定，国投瑞银白银LOF基金净值的估算通常采用"估值当日该合约的结算价"作为基础。 而国内期货市场设有涨跌停板制度。以上期所某白银期货合约为例，目前的涨跌停幅度为±17%。这意 味着，即便国际市场价格出现更大波动，国内合约价格在单个交易日内最多只能反映17%的变动。 国投瑞银基金2日晚间表示，在近期的极端行情中，白银期货国际主要市场价格单日波动远超上期所白 银期货价格的涨跌停比例限制。此时，若仍沿用当日上期所白银期货结算价进行估值，可能导致基金净 本文字数：1846，阅读时长大约3分钟 作者 |第一财经 曹璐 国投瑞银基金昨日晚间发布公告，宣布对旗下国投白银LOF所持白银期货合约的估值方法进行调整。受 此影响，国投瑞银白银期货A当日复权单位净值跌幅超过31%，这一净值正是按照新估值方法重估后的 结果。 不过，此次估值调整在投资者中引发巨大争议，核心焦点集中在调整时点上——为何公告在2月2日交易 结束后才发布？ 对此，国投瑞银基金向第一财经回应称，如果提前公告，担心被解读为有意引导投资者不要赎回，进而 推测基金资产流动性出现严重问题，引发市场恐慌，出现挤兑。 2月2日对于持有国 ...