Correct The liquidity risk of fund investment is mainly manifested in two aspects: (1) when the fund manager takes a position or adjusts the portfolio to achieve investment income, it may be unable to buy or sell stocks or bonds at the expected price due to the relative lack of market liquidity of individual stocks; ② In order to meet the redemption of investors, when the liquidity of individual stocks is poor, fund managers are forced to sell a large number of stocks or bonds at inappropriate prices.