Because if investors are optimistic about the market, there is a risk of buying a new fund; If investors are not optimistic about the market outlook, there is no need to buy funds now.
There is only one case that the newly issued fund is worth buying, that is, there is no such fund in the market at present.
If an investor wants to buy a new fund because of the fund manager, then he can buy his old fund.
In short, in general, it is not recommended to buy a new fund.