Small-cap stock funds are not all buying and selling small-cap stocks. The key is to see how the fund locates large-cap stocks and small-cap stocks.

Desheng small-cap fund, as the first small-cap fund in China, once took large-cap stocks such as WISCO as heavy stocks. It can be said that few small-cap funds buy stocks with a circulation below 1 100 million, such as Desheng small-cap fund and Golden Eagle small-cap fund small-cap ETF.

The real advantage of the fund lies in its size. According to past experience, small-scale funds have good returns. However, the performance of Harvest, a fund that once set a record for fund size, is not ideal.