More people buy and sell funds, will stocks go up or down? Of course, more people will buy the fund, and the market value of the fund will increase accordingly. In order to balance fund allocation and income, fund managers need to expand investment and put funds into the market. The stock market is made up of money. When funds enter the stock market, after entering some stocks, it will definitely push them up. On the contrary, there are more people selling funds. If the cash reserved by the fund is not enough to cope with large-scale fund redemption, the fund manager should also.