Not necessarily, whether the new fund is open or not depends on the investment target and the amount of funds. If the investment target rises, the fund will rise on the opening day. If the investment target falls, the fund will fall on the opening day. If the amount of funds bought is large, the probability that the fund will rise on the opening day is relatively large. If the amount of funds sold is large, the probability of the fund falling on the opening day is relatively large.

The new fund was closed for a period of time, so we should pay attention to the discount risk brought by a large number of selling in the first few trading days of the fund listing.