Hello, the management of the fund is in accordance with the terms of the fund contract. For the first case you mentioned, for non-index funds, that is, those funds that are not closely related to the index, you can flexibly adjust your position structure, but some of them are tracking the Shanghai Stock Exchange or Shenzhen Stock Exchange Index, and the positions inside cannot be easily changed; As for your second question, the time when the stock falls stipulates that the fund has a minimum position ratio. No matter how much it falls, it is necessary for the fund to maintain a certain position, and it is impossible to achieve clearance investment in wealth management products. Even if there is money on the book after lightening the position, you can only wait for the layout of new shares, and you can't misappropriate it to buy bank wealth management products, because it violates the laws and regulations of the fund;

I hope my answer can help you, and I wish you a smooth investment and rich financial resources.