Just talk nonsense, don’t laugh at me if I’m wrong. 1. I think the core part lies in the prediction of the market trend and different industries and sectors of the market. If you pay attention, you can see that a fund or even a fund company has a very obvious direction in investment. The most obvious examples are Guangfa and China Investment in the first half of the year. The correlation between the trend and the trend of non-ferrous metal stocks is very obvious. 2. This question is not easy to answer. I remember that I have read it in Guangfa’s information. The first step is to conduct sufficient market research, understand the current market situation, formulate relevant strategies, explore investment opportunities where price and value deviate, and then conduct basic analysis and technical analysis. The research process is very important to select the stocks with the most investment value. It can be seen that the vast majority of funds hold heavy positions in stocks with relatively good performance, and the funds focus on the long-term effects of investment rather than short-term speculation ( The vast majority of them are like this, which does not mean that there are none. Some time ago, it was exposed that certain funds speculated in warrants), and the fund plates are very large, so it is not easy to speculate in a short period of time. 3. It should be that different plans are adopted based on different risks. The investment style of stock-type funds is more aggressive, while the investment style of allocation-type funds is relatively conservative. Furthermore, the analysis of fund managers of different funds is definitely not exactly the same, even in A fund company, thus showing relative surprise. 4. The backend support should be a group of technical analysts and basic analysis experts with rich investment experience. I don’t know the specifics. 5. Foreign funds started much earlier than those in our country. I know that the most famous ones are Soros’s Quantum Fund, Tiger Fund, etc. I have heard before that some funds in the United States have accumulated returns of more than 10%, which shows their degree of development. That's all I know. You can check online to see if there is any relevant information.