The reason why the fund's rate of return can outperform the broader market may be that the fund manager's position is opposite to the broader market, that is to say, the broader market falls and the position may rise. These positions are independent. If the market falls and the fund does not fall, it shows that the fund manager's stock selection strategy is appropriate. For example, for a while, the market fell, led by brokerage bank stocks, but fund managers held technology stocks and new energy stocks, so even if the market fell, as long as the underlying stocks did not fall, the fund's rate of return during this period would be higher than the market rate of return during the same period.

The fund's annual rate of return is higher than the index, which shows that the fund manager's management ability and the ability to exchange positions and shares are excellent. Although the past performance does not represent the future performance, it also shows that it is best to solve the manager's decision, so this kind of fund is also a problem that the basic people need to consider when choosing funds.