Large redemptions of bond funds are frequent, helping to evacuate funds or "sticking points".

In the first quarter just passed, announcements of large redemptions by funds have been frequently released. According to incomplete statistics from China Securities Journal reporters, since April, more than 25 funds have increased their net asset value due to large redemptions, with bond funds accounting for the majority. On April 14th, funds such as HSBC Jintrust and Cinda Aoyua under various fund companies announced an increase in fund unit net asset value due to large redemptions, with several products experiencing large redemptions on April 7th and 8th. Why is there frequent redemption timing for funds? Many interviewed fund managers and industry insiders disclosed that it may be due to institutional funds retreating after a surge in the first quarter, as evidenced by the proportion of institutional investors in some products. However, some seasoned fund experts also stated that some products have seen significant growth in net asset value in the first quarter, prompting institutional funds to exit after meeting annual performance targets. Regardless of the motive, the large inflow and outflow of institutional funds can have a certain impact on fund operations.