Core Viewpoint - The public fund issuance market is heating up, with 34 new funds launched in the week from June 9 to June 15, leading to investor confusion about choosing between new and old funds [1] Comparison of New and Old Funds - New funds typically have a maximum of three months' lock-up period during which investors cannot buy or redeem, while old funds allow for immediate trading [2][3] - New funds lack historical performance data, making it difficult for investors to assess their potential, whereas old funds provide detailed historical reports [3] - Old funds are seen as more stable due to proven long-term performance, while new funds may offer flexibility in capturing market opportunities during volatile periods [3] Investment Strategies - Investors seeking to capitalize on market uptrends may prefer old funds, while those looking to invest during market downturns might find new funds more appealing due to their gradual investment strategies [4] - It is advisable for investors to choose new funds managed by experienced fund managers to mitigate risks associated with inexperienced management [4] Similarities Between New and Old Funds - Some funds, such as broad-based index funds, show minimal differences between new and old versions, allowing investors to choose based on size and liquidity rather than age [5] - Money market funds also exhibit similar characteristics, with stable returns regardless of whether they are new or old [5]