Monetary fund is a special case of fund market, because it has the nature of capital preservation, so it is very popular with everyone. Many people want to buy it, but they don't know much about money funds. Want to know if the money fund can be converted? Let's look at the rules.

Can money funds be converted?

Monetary funds are convertible and can be converted into other funds on the basis of meeting the conversion conditions. For example, investors can convert with other open-end funds under the fund management company, and the money fund has the advantages of high efficiency, flexibility and low cost.

Fund conversion conditions: 1. The two conversion funds must be managed by the same fund manager represented by the seller; 2. It is a fund registered by the same registrant. Money funds can be converted into open-end funds, but not into closed-end funds.

When the stock market is good, money funds can be converted into stock funds, and when the bond market is good, they can be converted into bond funds. When the stock market and bond market are depressed, the money fund is a good haven for funds, and investors can seize various opportunities in the stock market, bond market and money market in time.

After reading the introduction, I believe everyone has a deeper understanding of whether the money fund can be converted. It can be purchased at any time and redeemed at any time, with high security. If you plan to buy a money fund, you must first understand its characteristics, and then understand its trading rules.