​Management of Mutual Fund​

26. Additional rules for exchange traded funds (ETFs)

(1) The mutual fund management company shall pay for the redemption of the investment units in the form of securities or other assets instead of cash to high net-worth investors only.  

(2) Dissolution of funds in the case of the number of unitholders less than 35 will apply when the fund is traded in the secondary market and the dissolution procedure is the same as  listed funds.

(3) Retail investors may redeem ETF investment units with the mutual fund management company and the rules and procedures must be clearly specified in the scheme.