约定赎回是什么意思？

中文段落：

约定赎回，是指在基金运作过程中，基金管理人与投资者之间达成的一种协议，约定在某个特定的时间点或满足特定条件时，投资者有权要求基金管理人按照约定价格赎回其持有的基金份额。这种机制为投资者提供了一种相对确定性的退出方式，使得投资者能够在需要时及时回收投资。

约定赎回通常适用于封闭式基金和定期开放式基金等特定类型的基金。在这些基金中，由于基金份额的买卖受到限制，投资者可能需要在基金存续期间内面临资金流动性的需求。因此，约定赎回机制为这些投资者提供了一种有效的解决方案。

需要注意的是，约定赎回的具体条款和条件是由基金合同规定的，投资者在参与基金投资前应详细阅读基金合同，并充分了解约定赎回的相关规定。此外，约定赎回价格通常是根据基金净资产值计算得出的，因此投资者在选择约定赎回时，还需要考虑市场波动对基金净值的影响。

英文段落：

Agreed redemption refers to an agreement reached between a fund manager and investors during the operation of a fund, stipulating that at a specific time point or when certain conditions are met, investors have the right to request the fund manager to redeem their held fund shares at a predetermined price. This mechanism provides investors with a relatively deterministic exit strategy, enabling them to timely recover their investments when needed.

Agreed redemption is typically applicable to specific types of funds such as closed-end funds and periodic open-end funds. In these funds, due to restrictions on the buying and selling of fund shares, investors may face liquidity needs during the fund's lifespan. Therefore, the agreed redemption mechanism offers an effective solution for these investors.

It's worth noting that the specific terms and conditions of agreed redemption are stipulated in the fund contract, and investors should carefully read the contract and fully understand the relevant provisions regarding agreed redemption before participating in fund investments. Additionally, the agreed redemption price is typically calculated based on the fund's net asset value, so investors need to consider the impact of market fluctuations on the fund's net value when choosing to redeem.