Fund companies can buy stocks without Man Cang, but according to relevant regulations, the share of funds invested in financial markets must reach 80% of their total assets, and the remaining 20% can be allocated or not according to the strategy of fund managers.

It is precisely because of the high proportion of position allocation that once there is a bear market, the decline of equity funds is very large. It is best for investors who make fixed investment to avoid the bear market period, which will not only ensure the safety of the principal, but also make the investment cost very low when the market picks up.