The money lost by the fund may flow to other investors, because it is mainly the difference earned in the transaction process, and many people are buying funds. Everyone buys different positions, so some people lose money and others make money. This money is the difference. When you buy low and sell high, you lose money. Some investors buy low and sell high, which means making money.

Secondly, some funds may flow to fund companies, because fund companies need to charge management fees, regardless of the ups and downs of funds, so some funds are in the hands of fund companies.

In addition, it may be in the hands of the intermediary. For example, you can buy funds on third-party platforms, such as bank consignment and Alipay consignment.

How to sell the fund if it loses money?

1, the loss is relatively small. If it is judged that it will continue to fall, you can clear the position, because if you continue to hold it at this time, the loss will be greater.

2. After the loss, you can reduce the cost by covering the position, and then go out when the fund starts to rise, so that you can go out or lose less. To cover positions, positions before 3 o'clock can be covered according to the Shanghai Composite Index or the underlying index corresponding to the fund. If the Shanghai Composite Index falls sharply, investors can make up 1/4 before 3 o'clock that day.

3. After the fund loses money, it will not cover the position, but set up a fund to buy at a low level for a long time, which will reduce the cost and then hold it for a long time until the fund starts to make a profit before selling it.