It is unlikely that a traditional fund will go bankrupt since there are investment restrictions imposed on a fund, e.g. diversification rules and limitations on short selling and making loans, to reduce the risk of the fund going bankrupt. In addition, a fund is not allowed to acquire any asset that involves the assumption of unlimited liability. However, it is likely that the market crash will lead to a suspension of dealings in a country fund that is significantly exposed to the relevant stock market if the underlying assets cannot be fairly valued or there is inadequate liquidity to meet the redemption demand.