Fund conversion means that investors directly convert their fund shares into convertible funds in the market, without redeeming the held fund shares and then purchasing the target fund. Generally speaking, investors convert an unpopular fund into a more optimistic fund.
If the fund is subscribed before the trading day 15, it will be confirmed on the same day; /kloc-if the application is made after 0/5, it will be confirmed on the next trading day. There are the following differences between fund conversion and selling:
1, different trading methods
After the fund is converted, the investor will continue to hold the fund in his account, and after the fund is sold, the investor will hold cash, or he can use the cash to buy other funds in the market.
2. Differences in transaction costs
Generally, the redemption fee is charged according to the number of days held by investors and the transaction amount. For fund conversion, the transaction cost is equal to the redemption fee of the transferred fund+the subscription fee of the transferred fund to make up the difference, and for super conversion, the transaction cost is equal to the redemption fee of the transferred fund+the subscription fee of the transferred fund.
3. Different options
Ordinary investors can only convert other open-end funds under the name of their fund companies; Super-conversion investors submit applications through the fund platform trading system to convert their convertible fund shares into fund shares of any qualified fund company; After the fund is sold, it will be purchased, and the scope of its target will be wider, generally it is an open-end fund in the market.