There are two ways to redeem fund wealth management 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 are generally clearly stipulated in the fund prospectus. Different funds have different redemption rules, such as the "first-in, first-out" principle of Ying Chao of China Merchants Bank.

It is recommended that you know the trading rules before buying and redeeming funds, so as to better manage the income.