The main reasons are as follows:

1. Affected by the overall market conditions: The fund mainly invests in stocks, so when the stock market plummets, the fund will also plummet, so When the market conditions are not good, you should invest cautiously.

2. Encountering emergencies with a greater impact: Fund investment is dependent on entering the market. If there are major emergencies in the financial market, it will also directly affect the fund. For example, financial markets cause the stock market to fall sharply, which affects the fund.

3. Affected by market investment sentiment: In some special periods, investors will experience large-scale redemptions due to concerns about continued losses, which will lead to a collective decline in most funds.

1. Fund (Fund) can be divided into broad and narrow senses. In the broad sense, it refers to a certain amount of funds established for a certain purpose, such as trust investment funds, provident funds, retirement funds, etc., and in the narrow sense, it refers to Funds with specific purposes and uses, commonly referred to as funds, mainly refer to securities investment funds. The income of securities investment funds comes from the future, and the income performance is inseparable from the performance of the underlying market, which carries certain risks.

2. Different standards can divide securities investment funds into different types

(1) Whether gold units can be added or redeemed, they can be divided into open-end funds and closed-end funds fund. Open-end funds are not listed for trading (it depends on the situation). They are purchased and redeemed through banks, securities firms, and fund companies. The fund size is not fixed; closed-end funds have a fixed duration and are generally listed and traded on securities exchanges. Investors pass Fund units are bought and sold in the secondary market.

(2) According to different organizational forms, they can be divided into corporate funds and contract funds. A fund is established by issuing fund shares to establish an investment fund company, which is usually called a corporate fund; it is established by a fund manager, a fund custodian and an investor through a fund contract, which is usually called a contract fund. China's securities investment funds are all contractual funds.

(3) According to the differences in investment risks and returns, funds can be divided into growth, income and balanced funds.

(4) According to different investment objects, they can be divided into stock funds, bond funds, money market funds, futures funds, etc.