selling funds

snooping_around

...........

DavidHayton

I presume that you are holding paper certificates. I used to do it like this. My experience was that as long as I sent the certificate in by first class post. my instructions would be executed the next day: at the first valuation point after the fund manager received the instruction.

Now, like many others, I do it all on-line. It does mean that my holdings have to be kept in a nominee account so that my broker is the legal owner of them (I am merely the "beneficial owner"). However this avoids a filing cabinet full of paper that must-not-be-lost and the need to use the Royal Mail. Also, any deals will be done the same day (if I send my instructions soon enough).

Best wishes
David

Totton

Hi,
If you've bought direct then you'll need to sell via the provider, do they allow you to trade online? If not try the phone but failing that it will be via the forms. Selling funds can take several days unless dealing via a fund supermarket which can take 1-3 days unless you are in a fund that is dealt only once a week.

The price you get will be the price set on the day the fund provider purchases the units back from you. Settlement can take a further few days so don't plan on spending the money quickly. Best to use a fund supermarket imho.

Regards,
Mickey