Although the initial fund has no historical performance and observable investment style, it still has the following advantages:

1, the stock index is facing a high shock, and the courtesy will be more risky than the short-term, and the timing of opening positions can be flexibly selected;

2. During the inflection point of the stock market, the initial fund has a high probability of producing high-quality fund varieties;

3. The initial fund will generally have the point of product innovation, which is better than the old fund;

4. The subscription rate of the initial fund will be lower than that of the old fund, and the subscription will be more cost-effective.