270 funds exited in the year, both new funds and bond funds are difficult to escape.

As the year-end approaches, the pace of fund liquidation shows no signs of slowing down. On December 18th, the 17th liquidation fund of this month officially entered the liquidation process. At the same time, another 47 products have sounded the alarm for liquidation. Among them are newly established funds that have not been in existence for a year, and some bond products are also facing pressure in the bond market adjustment. Wind data shows that 270 funds have exited the market so far this year, with over 80% of them forced out due to insufficient scale or number of shareholders. It is worth noting that in recent times, several "mini funds" have used shareholder meetings to vote on whether they should continue operating. Although some have failed due to low investor participation, this does not affect the continued operation of the funds. In the eyes of industry insiders, fund liquidation has gradually become a normal occurrence in recent years, but the operating difficulties of "mini funds" continue to be ongoing. Behind this game of survival and elimination is both a reflection of the weak performance of some products and the loss of investor trust and a push for the industry to transform into a more boutique-oriented direction in the era of thousands of funds. In the future, resources may further concentrate on products with strong competitive strengths, and whether the products can continue to gain investor approval is becoming a key test determining their survival.