The CSI A500 Index Fund has seen its first large redemption.

Jin10 data reported on May 7 that Fuanda Fund announced that the Fuanda CSI A500 Index Enhanced Fund experienced a large redemption on May 6. Starting from May 6, the fund’s share net value precision will be increased to the 8th decimal place, with the 9th decimal place rounded. As of the close on May 6, the fund’s A shares have recorded a slight loss of 0.02% since inception, with a unit net value below 1 yuan. According to the reporter’s follow-up, this is the first occurrence of a large redemption after the enthusiasm for the CSI A500 Index Fund has cooled down. In addition, it cannot be ruled out that smaller-sized funds may face warnings of liquidation or actual liquidation in the future.