Not necessarily. The rise or fall of the fund on the first day of listing mainly depends on the rise or fall of the investment target. If the investment target rises, the fund will rise. If the investment target falls, the fund will fall. Fund trading volume will also have a certain impact on the rise and fall of the fund. (Less affected).

The issuance price of first-time funds is relatively cheap, but there is a period of about 6 months to build a position, and fee-based funds do not have past performance as a reference, and there are many uncertainties, so first-time funds may not necessarily make money.