Fund conversion is a business model in which investors can directly convert their fund shares into those of other open-end funds managed by the company after holding any open-end fund issued by the company, without redeeming the fund shares they hold before purchasing the target fund. So what are the benefits of fund conversion? The following small series introduces you to the relevant knowledge of fund conversion.
What are the benefits of fund conversion?
1, which can break through the restrictions of bank cards.
Restriction Many banks have set a lower limit for a bank card to purchase a single money fund in a single day. How to break this restriction on 18 Fortune Day? You can subscribe for one of the above convertible funds separately, and then convert it into treasure digging or other funds as needed one day.
2. Flexible funds
The expected return level of each fund is different and often fluctuates. Through the fund conversion function, you can convert your low expected return money fund share into high expected return share without going through the redemption process.
3. It does not occupy the new redemption time cost.
As we all know, the money fund did not produce the expected income in the process of subscription and redemption. Therefore, fund conversion can save the time of buying new funds and redeeming funds before, and you don't have to worry about losing the expected benefits brought by the lock-in for a few days.