When conducting fund transactions, it is usually necessary to convert the fund share and amount. Often investors invest a certain amount of money to buy a fund, and then need to calculate the corresponding position share according to the unit net value of the fund. After the investor confirms the share, the fund begins to generate income. So is the share sold by the fund the share bought first? Let's get to know each other.

Is the share sold by the fund the share bought first?

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The share sold by the fund is the share bought first, and the fund transaction follows the principle of "first in, first out", that is, when investors sell the fund, they will give priority to the share they bought at the beginning. For example, when investors buy the same fund product and make partial redemption, in order to ensure the optimization of redemption rate, they all redeem the fund they bought first.

For example, if an investor has bought 5,000 funds in the past 20 days and 5,000 funds in the last three days, then when the investor chooses to sell 5,000 funds, he will give priority to the funds bought in the past 20 days. After all, for funds, the longer they hold, the lower the redemption rate.