For stocks, the higher the stock price, the greater the risk, because the overall value of listed companies may not keep up with the rise of the stock price, and the stock price has a bubble, which is likely to be adjusted back later.
However, funds and stocks can't. The idea of the fund is to distribute many stocks and other assets. When a stock held by a fund rises, the fund manager can sell the stock and buy a cheap stock again. At this time, the net value of the fund will also rise, but the fund sold overvalued stocks, so the risk of the fund did not increase.
High-net-worth funds, on the contrary, show that fund managers have strong investment management ability, which makes the net value of funds rise to the present level. A fund with low net worth may not necessarily hold cheap stocks, or it may be that the fund has not been issued for a long time, or it may be that the fund has just paid dividends and its net worth has been adjusted.
Generally speaking, the net value of the fund represents the historical performance of the fund. Funds with low net worth are not necessarily better than funds with high net worth. On the contrary, a fund with high net worth can better show that the fund manager has good historical performance and strong investment management ability. Warm reminder, the fund is risky and needs to be cautious in investment.