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How is the fund falling by 30% a day?
After the fund suffered a large redemption, the position rose passively, which may also be a reason for the fund's plunge.

The downward pressure on the economy is still not small, and the foundation of the bull market is not solid. Although some data have improved, it is hard to say that it will stabilize and rebound as a whole. Even if the economy starts to improve and the foundation of the bull market is more stable, this increase has been overdrawn in the early stage, unless the economy can recover beyond expectations. What is even more tangled is that the situation of monetary easing will inevitably change after the economy improves.

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After the fund subscription, the fund company will convert the subscription funds into fund shares according to the net value of the fund shares on the day of subscription, and the redemption amount will also be calculated according to the fund holding shares and the net value of the fund on the day of redemption.

Therefore, the unit net value of the fund is equal to the unit price of the fund product, and the decline of the fund means the decline of the subscription price of the unit share of the fund, so the more fund shares that can be bought with the same amount, the more income the fund net value will get after rebounding.

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People's Daily Online-wan chau international plunged by nearly 20%, and its market value evaporated by 1, 4 1 billion.