Fund-to-share swap refers to the fund company's redistribution of assets such as stocks and bonds invested by the fund, selling some of its stocks or bonds, and then buying other stocks or bonds to achieve better investment results.

Fund switching usually comes from the judgment of fund managers, who will analyze and adjust fund positions according to market conditions and fund performance. If some positions do not perform well, or the market trend changes, the fund manager may consider changing positions to adjust the portfolio and get better returns.

Fund exchanges have a great influence on investors, especially those who hold funds. Because changing the position of funds means re-allocation, which may lead to changes in the value, risk level and rate of return of funds. Investors should pay close attention to fund company announcements and fund managers' opinions, understand fund positions and objectives, and make investment decisions. At the same time, don't buy and sell easily, and make wise decisions according to your investment goals and conditions.