Letters from readers, the fund quiz.
Reader : I often to the fund company’s website to buy funds, online trading is not 24 hours can be done?
Fund China : Fund companies online transaction time is usually 7 × 24 hours, and it can at any time to operate. Non-working day (weekends and holidays) for the next transaction is regarded as a day of trading, non-trading transactions also regarded as one of the next trading day. Here is the trading session on Monday to Friday 9:30 a.m. to 3:00 p.m..
Reader : I was ICBC will vote for fund business, for after the expiration of the redemption, the redemption is how to determine rates?
Fund China : The redemption of Fund shares at a separate calculation of the holding period, the holding period with corresponding scheduled for redemption rates. Fund holders each time an application for the funds and share detailed in the registration system and sales organizations have the electronic system of record. Redemption Fund pursuant to the “FIFO(first in, first out)” the principle that was first bought the fund, the first to be redeemed. Specific rates of related funds can be found on the company’s website.
Copyright Fund China 2009.
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