This is basically the case with OTC funds, because when funds are hot, people will go crazy to buy a top fund manager. He raised more than 654.38+00 billion, even more than 654.38+00 billion. It is really possible to do it, because his previous investment performance is quite good, and a fund can basically reach more than 50% from beginning to end. Even the increase is above 100%, and then its average rate of return is quite good every year after many years of employment, which is above 10% or even 20%. In this case, many investors will choose this fund manager when raising funds.
But it is useless to choose a fund manager, because the fund manager only has certain professional knowledge and has rich experience for so many years, but he is not a god. He can't predict the change of market trend, and he can't guarantee that you will make money by investing in his fund. No fund manager dares to give you such a guarantee. They can only say that they will try their best to adjust their fund plate structure and avoid risks as much as possible. Earn as much money as possible, but it is entirely possible that you will find a loss 10% a month later. If you are patient, look at it a year later, and he may still earn 20%.
Fund managers can't stop people from redeeming funds, because these funds are all open-end funds, that is, you can buy and sell them at any time. It's just that the shorter the trading interval, that is, the shorter the time you hold funds, the higher the commission rate. If you don't mind this high commission rate, you can sell it within one week after buying, but it may all be at a loss. The longer you hold it, the easier it is to make money.
So the current open-end fund is that many people buy this fund when raising, so more and more people will buy it. Then when the price drops, a lot of money will leave the venue crazily, just like buying stocks, and the price of stocks is rising, which has been quite good in the past week or two. Many people will flood into this industry, but once they find that they are going to lose money, many people will quit this industry crazily.