1, affected by market conditions: the fund market is not good, and the investment risk of stock funds is the biggest in fund investment, and more than 80% of the positions are stocks.

2. Overvaluation of the fund: If the fund is overvalued, the greater the risk, and the greater the possibility of the fund plunging.

3. Sudden events have a great impact: the financial market led to a sharp drop in the stock market, which affected the fund.