What are the possible order types for a mutual fund order?

The possible order types for a mutual fund order are:

  • Buy: A buy order is an order to acquire a mutual fund.
  • Sell: A sell order is an order to liquidate a mutual fund.
  • Switch: A switch order is a combination of a buy order and a sell order. One is simultaneously switching from one mutual fund to a different mutual fund.
Last updated July 2, 2020