Initial offering period of a new fund query.

barak

Sillychuckie wrote: »

.....Anyway, If you invest on day 1... and they continue to offer the funds to the public over a 2 week period at launch price, what is happening with your money during those 2 weeks? Would I be better to wait towards the end of the IPO?
Ta.

SeanW seems to be the only person to have addressed your question and he is correct.

There is no advantage in investing early in the launch period - if you want to invest at the launch price (hopefully through a discount broker who is offering to reinvest all initial discounts and commission) you must just make sure you do so before the launch period ends. I did precisely that with the recently launched PSigma Income Fund.

JDinho

Taken from the simplified prospectus:

Client money
Any uninvested cash held on your behalf will be held in a client money bank account at NatWest Bank plc in accordance with the client money rules. No interest will be payable on your money in such an account.