In order to investigate the triggering effects of various types of macroeconomic news announcements on price jumps in the fund market and the news effects on the predictability of subsequent returns, this article implemented the jump filtered test to detect jumps in fund intraday returns, and constructs logistic regression models as well as panel regression models. Results show that macroeconomic news announcements have a significant triggering effect on jumps. The triggering effect of scheduled news is much greater than that of unscheduled news. Returns reverse following jumps associated with scheduled news, whereas no significant momentum or reversal of returns are observed following jumps associated with unscheduled news. However, both jumps associated with scheduled news and those with unscheduled news alleviate the reversal of returns. In addition, the market's response to unscheduled news is not as strong as its response to scheduled news. Market overreaction is mainly concentrated on scheduled news. This study reveals asymmetric response patterns of the fund market to scheduled versus unscheduled news announcements, and provides reference for investment decisions.