Phone switching

Phone switching

Transferring money between funds in the same mutual fund family by telephone request. There may be a charge associated with these transfers. Phone switching is also possible among different fund families if the funds are held in street name by a participating broker/dealer.

Phone Switching

The act of transferring one's investment from one fund to another in the same fund family over the telephone. While one can usually switch between these funds without penalty or fee, there may be a charge associated with using the telephone to do so.
References in periodicals archive ?
The company said Simplifydigital was the UK's largest independent broadband, digital TV and home phone switching service, comparing more than 4,500 pac-k ages and offers.
We have grown rapidly to become the UKs largest TV, broadband and home phone switching service.
The Gallup Panel survey results indicate that a significant amount of phone switching may still be coming.
At the LDP panel meeting, Son explained that the group has a plan to separate the operations of phone switching stations and access networks under different companies.
As well as LCD displays packing up after a couple of months, other common faults are no reception and the phone switching itself off.