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Why does the fund price suddenly fall to 1 when it reaches a certain height?
The reason why the net value of the fund rose to a certain height and suddenly decreased to 1 yuan was that the fund was split.

When the net value of the fund is too high or necessary, the fund will be split. Fund split is similar to the split of company shares. The Fund divides the fund shares according to the net value. For example, the holder originally had 6,543,800 fund shares with a net value of 2 yuan. Now the fund is split according to 654.38+0 yuan /654.38+0 shares, and the holder gets 20,000 shares. The actual total assets of investors have not changed, but the net value of shares has decreased.