Redemption: Redemption of funds by share (selling) is also based on unknown price.

Fixed investment: This is an agreement signed between you and the bank, and the bank will subscribe for the fund designated by you at a fixed amount on the day specified by you every month. Because different funds have a minimum purchase starting point, fixed investment is a way to lower this purchase threshold and encourage customers to invest for a long time. )

Conversion: In the same fund company, some funds can be converted to each other. For example, if you hold Fund A, but you think the future of Fund A is not optimistic, but you are optimistic about Fund B of the company. If they can switch, you can switch your Fund A to Fund B, and the switching fee is cheaper. Some fund companies can be free or the handling fee is cheaper, which is a good way to avoid risks. For example, if you hold a stock fund, you think its net worth is high, and then you expect the market to fluctuate, then you can convert it into a money fund or a bond fund, so your risk is much smaller. When the market is stable, you can avoid risks by converting money or bonds into stocks.

Fixed investment management: sorry, I don't quite understand. Because I never make a fixed investment.

Cancellation of transaction: The transaction of the Fund is limited to 3pm, and you can cancel any transaction (subscription, redemption, conversion, bonus modification, etc.). You did it before 3 pm, so your previous transaction was equivalent to cancellation.