The fund is a partial stock fund, and most of its assets are bought in stocks, so the stock market has a great influence on it. Especially when the market rises and falls unilaterally, the fund will inevitably follow.
If there is an independent market for individual stocks, such as one day when the stock market plummets, there are always several stocks rising; Or vice versa. It is impossible for stock funds to have this situation, because as long as funds buy stocks, there are as few as dozens and as many as hundreds. It is impossible for so many stocks to go out of the independent market at the same time.
Recently, the stock market plummeted, and so did such funds.