The Nasdaq has gone up about 15x in 16 years. I'm really curious why this Alipay Jianxin Nasdaq fund has only grown so little. Even accounting for exchange rates and fees, the gap shouldn't be this huge, right? Did some digging and found out that this fund used to be called 'Jianxin Global Opportunities.' It was an actively managed fund that went through multiple fund managers over time. The more they traded, the worse the returns got, the smaller the fund became, and it almost got liquidated. Later, the last fund manager had some self-awareness and switched it to a passive fund, which is the only reason it survived . Take a look, everyone. We're all just retail investors. No matter how hyped it gets on social media, once you shine a light on it, it's all just amateur hour .