Guangda Wealth Management répond à la baisse de la valeur nette d'un produit : il s'agit d'une perturbation de la valeur nette après un rachat massif d'un produit de petite taille

People Finance News, 30 March—According to media reports, the net asset value of a product under Everbright Wealth Management, “Yangguang Jin Zeng Li Wenjian Tian Tian Gou Customized (90 Days Minimum Holding) 2号A”, has recently seen a sharp retracement. In response, Everbright Wealth Management told Securities Times reporter that the product is a customized wealth management product for a single distribution channel. At inception, the product had a small scale, low allotment, and a small number of total holdings. Everbright Wealth Management stated that, due to client redemptions, small-scale customized products experienced accounting net value fluctuations caused by the reasons of the calculation rules when confirming the redeemed units. Meanwhile, after the product underwent relatively large-scale redemptions in the short term and its total scale became lower, the product’s investable assets were restricted (this product mainly invests in risk-free demand deposits), and the overall level of total returns was lower. However, relevant expenses still needed to be accrued normally, leading to a phased decline in the net asset value. “Overall, this is a common industry phenomenon where net asset values are calculated when small-scale asset management products change in scale redemption.” Everbright Wealth Management told the reporter.