This is normal. Many people misunderstand capital-guaranteed funds as guaranteeing the safety of investors’ principal. This is wrong.

The so-called capital-guaranteed fund refers to a financial product that uses financial investment products to be linked to their derivatives, so as to ensure the safety of the principal and obtain a relatively certain amount of income.

For example, when investing in stocks, the risk is very high. In order to reduce the risk, you can buy certain stocks with short-selling functions, such as the CSI 300, and at the same time buy the CSI 300 financial derivatives - stock index futures.

At this time, if the stock index futures you hold are short when the stock is falling, the stock index futures will make money.

However, if the money-making varieties are not as good as the money-losing varieties, the net worth will still fall.

Therefore, the so-called capital preservation fund is a foreign "risk hedge fund" with similar operating methods.

It can be seen from this that capital guaranteed funds will not guarantee that investors will not lose their principal.

Generally speaking, China's capital-guaranteed funds have no investment value because there are very few financial hedging products in the Chinese market, and fund supervision is also very strict. Not all financial funds that can hedge can participate.

Therefore, you can look at the data of capital-guaranteed funds. In a bull market, they basically do not rise, but in a bear market, they fall. This is the reason.

In addition, one of the reasons why you have no income is that the fund is traded on a net value basis. If it is more than 1 yuan when you buy it, and even if it becomes 1 yuan, it means that the fund is still capital-guaranteed since its establishment.

But you don’t protect your capital.

In addition, capital-guaranteed funds have many types of transactions, so transaction fees are also high. You have to consider this cost, which will also give you negative returns.

Subscription fees are generally 2% or more.