What is fund conversion?
First of all, it needs to be clear that the fund conversion reduces the unit net value while increasing the share, and will not affect investors after balance. According to the fund company's explanation, fund conversion can reduce investors' sensitivity to price, which is beneficial to the fund's continuous marketing.
Simply put, the subscription price of the fund is mainly related to the net value of the fund. If the net value of the fund unit is too high, the cost for investors to buy it will be higher. After the fund is converted, the investment threshold of the fund can be further lowered, so that investors can buy good funds at relatively cheap prices.