What does ABC Fund stand for?
In different types of funds, the meaning of ABC letters is different:
1 A and B in the monetary fund respectively represent different subscription thresholds. The threshold of Class B is much higher than that of Class A, which is mainly aimed at retail investors and Class B is mainly aimed at institutions or large investors.
2 Among stocks, bonds and hybrid funds, A and C represent different charging modes. Class A funds need to pay the subscription fee, and the redemption fee decreases with the holding time, and there is no need to pay the sales service fee; Class C funds do not need to pay subscription fees when they are purchased, and generally do not charge redemption fees when they are held for 7 days, but they need to pay sales service fees.
In graded funds, A stands for steady share and B stands for radical share.
The above is about the sharing of fund content, and I hope it will help everyone.