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Morgan QDII Fund tightens restrictions again, with purchase limits on multiple products lowered to 100 yuan.
At the beginning of this month, the purchase limits for several funds under Morgan Fund were set at 10,000 RMB for RMB funds and 1,000 USD for USD funds.
Morgan Asset Management has announced restrictions on large purchases for several of its QDII (Qualified Domestic Institutional Investor) funds, with the purchase limits being further reduced compared to before. Starting from July 22nd, the purchase limits for Morgan Global Natural Resources Mixed (QDII), Morgan Global Emerging Market Mixed (QDII), Morgan European Power Strategy Stock (QDII), Morgan Asia Advantage Mixed (QDII), and Morgan Japan Select Stock (QDII) have been adjusted to 100 RMB. The purchase limits for Morgan Nasdaq 100 Index (QDII), Morgan S&P 500 Index (QDII), Morgan Overseas Stable Allocation Mixed (QDII-FOF), Morgan Global Diversified Allocation (QDII-FOF), and Morgan FTSE Developed Market REITs Index (QDII) have been adjusted to 100 RMB for RMB shares and 10 USD for USD shares. Earlier this month, the purchase limits for several funds under Morgan Fund were set at 10,000 RMB for RMB funds and 1,000 USD for USD funds. Industry analysts believe that the restrictions on QDII purchases are due to restrictions on foreign exchange quotas, as QDII funds' overseas investments need to be within an annual fixed quota range. Additionally, in order to prevent funds from quickly entering and exiting and affecting the normal operation of the funds and protecting the interests of investors, QDII funds will also implement purchase restrictions.
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