It doesn't matter.

Related to the rise and fall of the fund are: 1. Investment objectives: The trend of the fund will be affected by its investment objectives.

For example, when the constituent stocks invested by an equity fund are in an upward channel, it will drive the fund to rise, and when the constituent stocks it invests in are in a downward channel, it will cause the fund to fall.

2. Fund manager’s ability: The fund manager’s ability will also affect the trend of the fund’s net value.

If the fund manager has strong management capabilities, it will attract investors in the market to buy, thus driving up the net worth.

If the fund manager's management ability is weak, it will cause investors in the market to wait and see, or sell their fund shares, resulting in a decline in the net value of the fund.

3. Fund performance: Fund performance is the internal driving force that drives the rise and fall of the fund's net value.

If the fund's performance is good, the fund's net value will rise; otherwise, if the fund's performance is poor, it will cause the fund's net value to fall.