The so-called fund swap is a normal operation in the process of fund investment, and fund swap is a common operation mode for fund managers to operate funds. Under normal circumstances, funds will have their own proportion of stock positions. When the fund manager predicts that the returns of the stocks held are in line with expectations or that there are risks in the stocks, he will sell the stocks held and invest in other stocks. So what will be the impact of capital transfer? Let's get to know each other.

What is the impact of capital transfer?

The influence of fund position adjustment on investors and the fund itself is different. First of all, fund swap is equivalent to selling the stocks held and buying new shares. In essence, the fund valuation has changed, so the fund swap will have a certain impact on the fund valuation, but the impact will not be great, which will affect the fund valuation rather than the fund net value. On the other hand, for investors, fund swap will not have much impact on the net value of the fund, and investors are most concerned that the net value of the fund will affect the income of the fund. If it has little impact on the net value of the fund, it will naturally not have much impact on investors.