Fund companies are not allowed to short no matter what market they encounter, even if a bear market comes. According to the relevant regulations, fund companies must maintain positions of more than 70% of total assets, so they are restricted by regulations. Even if the fund manager encounters a bear market, there is nothing he can do.

In the bear market, as an investor, try to redeem the fund and try not to make a fixed investment. Fixed investment strategy has low capital utilization rate in bear market, and it takes a relatively long time to return to capital.