The conversion business is that investors holding a fund management company issued the open-end funds, are free to switch to the company's management of other open-end funds, direct purchase, without the need to target funds have redemption fund.
The conversion business for investors to the stock market, bond and currency markets, providing a convenient change.
In addition, through the conversion business change fund investment varieties, than the normal business of redemption to purchase a certain range of preferential rates. Fund share in the conversion, the time is still continuation of the original holders, holders enjoy the longer, the lower the redemption rate of concessions.
The conversion can also sell than the old fund to buy new fund to shorten the time. Under normal circumstances, the Fund for conversion after the second trading day (T +1) to be recognized. It should be noted that, since the registration agencies and other reasons, with a fund company may be a minority or a few funds with other funds can not convert.
However, investors should not frequent conversion fund products. Because the Fund is a professional financial management products, fund performance to a certain extent cyclical. Investors can not because the net value of the Fund in the short term below the psychological expectations, blindly carry out the conversion between the products. This will not only increase the Fund's conversion costs, but also may lose the original fund products should have the opportunity to profit.
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