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What is the reason behind the fund's reduction?
The fund buys stocks according to the specific information of the stocks. Once the fundamentals of listed companies change, or the stock price rises too high in the short term, it will cause the fund to reduce its holdings.

The index of Shanghai Stock Exchange and Growth Enterprise Market keeps a bullish trend in the long period of daily line and above. Basically, every bull market is characterized by the rising of the industry.

When the short-term increase of one market is too high, the other sector will relay, and the rising rotation will fully buffer the index decline brought by the falling sector. Therefore, we often find that most of the adjustments in the bull market are completed in intraday trading, which is essentially the embodiment of the profit-seeking of funds in the upward trend environment.

Extended data:

Most people in the market don't have the ability to switch quickly. For chips that don't enter the market, when a newly started plate falls back quickly, it is actually an opportunity to enter the market. Every pressure level in the bear market is high, and every support level in the bull market is the entry point.

After the market turnover is enlarged, it can accommodate more sectors to rise. It is not dominated by a single plate, but there will be leading plates in stages. In the long run, the final increase is basically the same, so don't be anxious because the short-term holdings have not risen.