There are two ways to redeem fund products, one is "first in first out" and the other is "last in first out". "LIFO" refers to the share of fund products purchased after priority redemption, and "LIFO" refers to the redemption of investors who purchase the same fund for many times according to the time sequence of purchase, that is, the first purchase is the first redemption.

Generally, funds are sold according to the first-in first-out rule, while some funds are sold according to the last-in first-out rule. Of course, investors can freely choose two redemption methods according to the income status of products and their own capital needs, which will be specified in the general fund prospectus.

Different funds have different redemption rules. It is suggested that you understand the trading rules before buying and redeeming funds, so as to better manage the income.

Tips:

1. The above instructions are for reference only and do not make any suggestions.

2. There are risks in entering the market, so investment needs to be cautious. Before making any investment, you should make sure that you fully understand the nature of the investment and the risks involved. After carefully understanding and evaluating the products, you should judge whether to participate in the transaction.

Response time: 2021-12-01. Please refer to the latest business changes announced by Ping An Bank in official website.