Fund Purchase

JDoon

Hoping someone can help with query on fund purchase -

I'm thinking to place order for HSBC Global Strategy Balanced fund next week and unsure how the purchase will be processed. If I place an order first thing Monday prior to the cut off time will the order be processed Monday or will it be Tuesday?

Thanks in advance

A_T

depends which platform you are using

JDoon

It's Charles Stanley, trade cut off is I think 11:00am.

bowlhead99

So what you're saying is you're going to place the order before Monday's cut off? Then you'll get the price allocated to orders for subscriptions or redemptions that make Monday's cut-off, rather than the one allocated to orders that only make it for Tuesday's cut-off.

JDoon

Thanks for reply, wasn't sure if there would be a delay with possibly orders being placed over weekend etc. Thanks for confirming.

A_T

JDoon wrote: »

It's Charles Stanley, trade cut off is I think 11:00am.

That's OK. Fidelity take days to do anything. It's a great disincentive to trying to time the market.