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The fund subscribed by 1 yuan has fallen by 40%. Can the fund company redeem it?
There is no hope, you can plan to be a long-term shareholder, wait 8 years 10 years, or you can redeem yourself and leave.

Anyway, what we want to know is:

You are losing 40% now, and the market needs to rise by 67% (( 1-0.4) * 1.67 times = 1). If you lose 50%, you need to rise by 100% to recover the funds. What do you think is the probability that your wish will come true?