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Thanks for the reply, all makes complete sense. I’m relatively new to investing so I imagine this is the first craze I’ve encountered. What have been previous sectors to blow up like this and then disappear?
What usually happens when a fund is wound up. This hasn’t happened to me yet. I assume my shares are converted to cash?
1. Sectors Dot-Com Bubble (late 1990's- early 2000) Financial Sector 2008 Energy Sector (2014-2016) Meme Stocks 2021
2. Fund wound up Fund stops operations & deregistered from official listings Bank accounts and credit cards are closed Assets sold off & liquidated Taxes & creditors paid Remaining assets (if any are left) distributed to shareholders
3. Some famous bubbles of the past where people lost a lot of money. Tulip Mania 1637 South Sea Bubble 1720 Railway Mania 1840's Wall Street Crash 1929 Dot-com Bubble (1990's-2000) U.S. Housing Bubble 2007
