Yes, the newly developed fund is not a product with guaranteed income, and the losses are borne by the investors themselves. Generally, it is not recommended to buy a newly established fund, because the fund is closed for a long time. If the market is good, there is a risk of missing the market. If the market is bad, avoid investing in stocks and funds.

The new fund has no past performance as a reference, and there are many uncertainties. If there is no such fund in the market, you can choose to buy it or wait until the fund goes public.