fund switching

Fund switching

Moving money within a mutual fund family from one mutual fund to another.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Fund Switching

The practice of selling shares in a mutual fund and using the proceeds to buy shares in another mutual fund. An investor does this when economic conditions or his/her investment goals have changed. Because of the fees (known as loads) associated with buying and selling mutual funds, fund switching can be expensive unless one is switching within a fund family or between no-load funds.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

fund switching

An investment activity in which shares in one mutual fund are sold and the proceeds from the sale are reinvested in another mutual fund. Fund switching results from an investor's changed perception of investment opportunities. For example, an individual may become bearish and switch money from a growth fund to a money market fund. Because of the high sales charges involved in purchasing some funds, fund switching is practical only if no-load funds are used or if the investor switches within a family of funds.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
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"Additionally, we invested over Dh25 million enhancing our digital capabilities for a better customer experience for internationally mobile customers," Jopp says, citing the example of free online calculators, fund switching capabilities, and other tools.
Net unit-linked inflows, including fund switching, rose 2.6-fold to EUR 1.5bn.
Turner pay more than $700,000 in restitution for unsuitable sales of the funds and for excessive mutual fund switching. FINRA also fined in May 2012 Citigroup Global Markets Inc., Morgan Stanley & Co.
"Given that this product has only one fund, the Gold Fund, it avoids the hassles of fund switching at a later date," LIC International Qatar manager Barinder Singh Rana said yesterday.Age at entry could be zero to 72 years, and the policy term five to 35 years.
Lane County Elections Director Annette Newingham asked the county's board of commissioners to place a levy before the voters to fund switching to a new voting system, but the commissioners declined.