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Why do people buy the worst funds?
It should be that after careful study, he found that the fund has intrinsic value to invest.

Because funds generally hold a basket of investment varieties, rather than a single variety, sometimes one or several varieties in a basket have problems, and the fund may plummet, even exceeding its due value after removing these varieties. And some people will carefully study the intrinsic value of these oversold funds, and if they find that they have fallen below the intrinsic value, they will invest. So someone will buy this fund that has fallen badly.