They will all redeem the funds they hold and re-subscribe, but this is relatively troublesome. Under certain conditions, funds can be converted. Below, the editor will bring you the fees for fund conversion and redemption. Let’s take a look at them together. I hope it can be a reference.
1. How to convert funds?
To convert funds, you only need to find the "Fund Conversion" function navigation on the corresponding fund trading platform. There are certain restrictions on fund conversion. Generally speaking, funds must be managed by the same fund company to be able to switch.
To give a simple example: For example, if the A fund held by an investor is managed by Company C, and the investor wants to convert Fund A into Fund B, Fund B must also be managed by Company C. , that is to say, the two funds converted must be from the same fund management company. If an investor wants to convert Fund A into Fund E, and Fund E is not managed by Company C, the conversion is not possible.
Different fund trading platforms may have different operation methods and steps for fund switching, but just find the functional navigation of "Fund Switching", click in, and select the fund you want to transfer out. Then you can see the range of funds you can switch to.
Different fund trading platforms may have different restrictions on fund conversion. Some trading platforms have a wide range of funds that can be converted, while some trading platforms have a relatively narrow range of funds that can be converted.
If there is no fund we want to subscribe for within the scope of fund switching, then we can only redeem the fund we hold and then subscribe again. Generally speaking, closed-end funds, QDII and LOF funds cannot be converted.
2. Which one is more expensive, fund conversion or redemption?
Generally speaking, the cost of fund redemption and then re-subscription is higher than the cost of fund conversion. . The cost of fund conversion consists of two parts: the redemption fee and the subscription fee. If you redeem a fund and then subscribe again, you need to pay the redemption fee and the subscription fee.
To give a simple example: For example, if an investor wants to convert Fund A into Fund B, the required fee is the redemption fee of Fund A + (the subscription fee of Fund B - the subscription fee of Fund A fee). If the subscription fee of Fund A is greater than the subscription fee of Fund B, then there is no subscription fee. If the subscription fee of Fund A is less than the subscription fee of Fund B, then the difference needs to be made up.
Fund switching can reduce our transaction costs to a certain extent, and it can also save our trading time. Fund switching can generally confirm the shares on the same day or the second trading day, while fund redemptions generally It takes more than 3 days.
Catch stocks with continuous daily limit
In the mid-line stock selection skills, if you want to make a mid- to long-term layout, you have to look at the current market situation. You can refer to the annual line of the market index (250-day line) ) and the half-year line (120-day line). If the trend is above the annual line and the half-year line, it means that it is not a bear market currently. In the face of national policies and when the stock market is in an overall decline, investors should not take chances to rush for a rebound or choose to buy, but should take advantage of the trend to clear positions and wait and see. If the stock market rises sharply, you should enter with the trend and hold shares in the medium term.
Midline stock selection should be comprehensively analyzed from six aspects: K-line shape, technical indicators, relative price, company fundamentals, market trend, and stock theme. Some stocks with high P/E ratios and prices much higher than their intrinsic value should be abandoned.
As for how to catch stocks with continuous daily limit? The starting stock price has increased by more than 6%; it must be "larger"; the greater the increase, the stronger the trend and the more favorable it is. Among the key conditions for the daily limit, it is best to open higher by 2 to 3 points and open lower by no more than 2 points; do not increase the volume during the decline, otherwise there will be suspicion of shipments; the closing price closes near yesterday's closing price. It is best to form a gap.