The rise and fall of the fund is determined by the investment target. The fund mainly invests in a basket of stocks. The rise and fall of the market will have a certain impact on the fund. Funds with a rising market have a high probability of rising, while funds with a falling market have a high probability of falling.
It should be noted that money funds and bond funds do not invest in stocks and are not affected by market ups and downs. Moreover, market ups and downs do not mean that all stocks fall, which means that the market will fall, some funds will rise, while the market will rise and some foundations will fall.