Because the fund is actively selecting stocks, if the market index rises, but the stocks selected by the fund fall, then the net value of the fund will also fall.

Choosing a fund should not only be bullish or bearish, but also be based on the stock market situation in the same period.

When the stock market rises, the fund will rise; When the stock market falls, funds will also fall, as most funds do. More importantly, the stock market rose by 1%, while the fund rose by more or less 1%. This shows the investment ability of the fund.

Don't just look at the net value when choosing a fund, but look at the performance and risk. Looking at performance and risk depends not only on rating, but also on specific data, such as half-year return, one-year return, two-year return, benchmark index, standard deviation, alpha coefficient and so on.