There are many reasons that affect the market, and market risks cannot be completely eliminated. The price of any wealth management product will fluctuate constantly for various reasons, and funds are no exception. When the bad market environment impacts the fund, the price of the fund will naturally fall and the fund will withdraw. Equity funds are particularly strong in this respect, and their net value fluctuates more than other funds. When the stock market goes down, the rate of capital withdrawal is also high.

2. Withdrawal caused by fund managers' operational mistakes.

The allocation of funds and the allocation of heavy stocks are determined by the fund manager. If the fund manager makes a mistake and fails to adjust the position, it will lead to the withdrawal of the fund, and the original high net worth will fall to a position that matches the new assets held by the fund. This is the operational risk caused by fund managers. Investors can only try to choose experienced fund managers. The withdrawal of funds caused by this risk can only be reduced and cannot be avoided.

3. Withdrawal caused by poor fund performance.

There are always some funds in the market that can stand out because of their high rate of return, and there are always some funds whose withdrawal rate is higher than the average. This is determined by the historical performance of the fund. If the historical performance of the fund is not good, investors will lose expectations for the future development of the fund and redeem the fund one after another. At this time, the net value of the fund will naturally fall, and the withdrawal rate of the fund will rise again. Unless the fund manager adjusts his position in time to make the fund perform better and attract new investors, it will be difficult to reduce the withdrawal rate of the fund.

4. The retreat caused by the Black Swan incident.

Occasionally, there will be some sudden black swan events in the market, which makes the future trend of the investment market confusing. For example, the melamine incident that sensationalized the whole country in that year greatly changed the pattern and industry rules of China dairy market. However, it is impossible for a good fund manager to predict the occurrence of such events. Therefore, the withdrawal of funds caused by such incidents and the subsequent development of funds are unpredictable. Investors can only choose to redeem and leave as soon as possible without being involved in the whirlpool.

5. Retreat caused by short-term high spirits.

What investors really invest in is the expectation of the future. In a period of time, investors are full of enthusiasm and hope for the market, which will promote the market to rise. When more investors are attracted by the rising market and invest money, it will drive a new wave of rise. This kind of price, whether it is the stock price, the net fund value or the market value of other wealth management products, will return to reality after the enthusiasm for investment dissipates, and the original inflated part that exceeds the real value of investment products will be erased, which is manifested in the stock price falling, the fund withdrawing and the yield of other wealth management products falling again and again. After all, the growth driven by the short-term high sentiment in the market is divorced from the actual products. After the upsurge dissipated, it was normal for the fund to withdraw.

6. Retreat caused by the bull market crash.

Funds and stocks are closely related, and many funds have ten heavy stocks. If the stock is raised too high in the bull market, it will be difficult for the company to catch up with the market value at this time. When investors find that the company is unable to succeed, they will choose to sell the stock, further accelerating the decline of the stock price. At this time, the fund will be implicated, resulting in the withdrawal of the fund.