When the funds is redeemed in a large scale, the liquidity risk of open-end funds will take place, which leads to a vicious circle between the funds redemption and the stock price decline.
一旦投资者预期发生变化,基金的大面积赎回可能导致开放式基金的流动性风险,并引发“基金赎回—股价下跌—赎回放大—股价进一步下跌”的恶性循环,从而影响金融稳定。
When the funds is redeemed in a large scale, the liquidity risk of open-end funds will take place, which leads to a vicious circle between the funds redemption and the stock price decline.
一旦投资者预期发生变化,基金的大面积赎回可能导致开放式基金的流动性风险,并引发“基金赎回—股价下跌—赎回放大—股价进一步下跌”的恶性循环,从而影响金融稳定。
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