pair more products renewal difficult problem has caused supervision layer of attention, last year May on convened part fund company on related problem for has communication, while publishing has sought views draft, currently feedback views has basic collection finished, new of approach is expected to introduced, future may 60% above of holds people agreed on can renewal.Fund companies are now found 1 year renewal challenges one to many products, universal will elongate the period, more than half in 3 years. Securities Times reporter Fang Li recommended reading
· Xia stage fengji investment policy · closed bond type fund large arena Fund then depression "1 quarter spot curse" private "Star" April collective fall Qian April a shares Fund bleak QDII Wansheng flagship small disk unit was Fund reduction six large fund company last week inverse city gallon private first quarter "dark horse" rampage established turned over [registration] listen to Wen Guoqing taught you copy end opportunity due to need are all holds people agreed, pair more due renewal success almost is pieces "impossible completed of task". Recent securities times reporters learned from the banking channel, one to many products has become the first single renewal success stories.
Informed sources also revealed that the difficulty in obtaining a pair of renewal has attracted regulatory attention, relevant policy will be modified in the future, may 60% above the holder agrees to renew their contracts.
South 2nd successful renewal of the first renewal, the success of a pair of multiple products is managed by Southern fund investment Director Qiu Guo Heron, 2nd in the South, the 1-year-only product was established in May last year, after renewed success into a without a fixed term of one to many products. Because of renewed high difficulty, successful renewal of some mysterious, 2nd in the South. According to informed sources, the product with nearly 70 holder, the renewed success some waves. He said, first to the letter of request for comments made by the holder, through customer service, banks channel to call the holder consulting the holders, due to the product performance 1 year income over 30%, most agree to renew their contracts, only few holders do not quite understand, even the holders to require companies to give "signature" only agreed to renew their contracts.
However, the last by the China Everbright Bank (601,818, unit), fund companies such persons jointly and the holder on a 4 hour, finally get the holders to agree to renew their contracts. According to a bank account manager, successfully into a fixed-term contract renewal, 2nd in the South, this means that as long as the holder does not exit, products will remain in operation. "This more favorable to the holder in each of the open purchase, redemption, holder was free to advance and retreat, and the holder does not exit, the fund company will not be able to extract performance pay. "People in the industry said, how can this only a pair of renewed success and good performance are closely related. Renewal fee prior to this there have been many fund companies struggle is not successful, a midsize fund companies in Shenzhen to renew, all customers agree to renew, but managed to disagree with renewal terms renewed after amendments, give this one to many products renew failed.
There are funds in order to renew the successful, was first signed by holders agree to extension of 1-year agreement to redeem, due to poor performance of the product was opposed by holders.
It is learnt that the renewal operations too difficult at present because big, the fund company's general practice is to release new products to fill the blank of expired products. A pair of difficult to renew their contracts are expected to solve actually, a pair of products renewed regulatory attention difficulties.
According to a fund company in Shenzhen said, new approaches to specific customer asset management is expected to come in the future, may 60% consent of the holder of the above can renew their contracts.
The sources also said, regulators on this issue very seriously, convened last May and some fund companies account related communications on issues such as renewal, published at the same time the relevant draft, currently feedback have basic collection is complete, the new approach is expected to come. Another industry also said that a pair of investors more difficult, even though most holders agreed, as long as there are a few people oppose, cannot be renewed, it is not reasonable. "Many of the holders of one to many products are more than 100 people, so you want the holder must consent to renewal, this fund companies such as manpower, material resources is a challenge. "Another insiders says, is behind the success of contract renewal, reflected the actual period of one to many problems. A fund company accounts in Shanghai said, because a pair of renewal was not successful, holding also have opposing views. "For most of 2009 the first one to many products for a 1-year period, most established on 8 September of that year, because the product difficult to renew their contracts forced liquidation, missed 9 of last year in October, rose, later holder complained about constantly. "A fund account investment also said fund companies are now found a pair of 1-year renewal of multiple product issues, product will be a period generally elongate, more than half is more than 3-year period of one to many products. "1 year product does not fully reflect the fund company investment capacity, and the holder from the point of view, is willing to renew their contracts but also looked at a number of performance levels, so 3 years more rational, which is also conducive to investors and establish long-term investmentsValue philosophy. ”
