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What is a fund transfer?

April 26, 2017fund transfer

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What is a fund transfer?

3 Answers

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A fund transfer is when you move money that is already in your account from one investment fund to another. A fund transfer affects only your current balance; it does not change where your future contributions will be invested.

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A fund transfer is when you move money that is already in your account from one investment option to another. A fund transfer affects only your current balance — it does not change where your future contributions will be invested.

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A fund transfer is when assets are sold from one fund to purchase another. You can choose to transfer the funds by a certain dollar amount, percentage, or by shares.