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Why is selling funds called redemption? How embarrassing!
Hello, open-end funds are generally traded in banks, brokers and third-party platforms.

When you want to cash out, you can't sell it to others.

Share can only be redeemed from the direct sales or consignment outlets of the original subscription fund. It's just a difference in net worth.

It is not sold to a fund company, because the total share of the fund will be reduced accordingly after your redemption.

Therefore, fund selling is called redemption, which is in line with objective reality.