Redemption of funds

Funds can be redeemed during subscription: Enter the fund account page, select the fund with the current position to enter the fund position page, and then click “Redeem” button at the bottom of the page to enter the redemption page. The cut-off time is 11:00 a.m. Hong Kong time on the fund trading day.

The fund can only be redeemed after the subscription units are confirmed. The securities account can be credited within a few working days after redemption (the redemption period may vary across different fund houses).

* In case of partial redemption, the holding share shall not be less than the minimum holding share requirement

Note for redemption

Client applies for fund redemption before the cut-off time of the day, the income of the day will be calculated normally. However, the part of the net value change and income from the next fund trading day that will be sold by the customer will not be calculated. Because of the application for redemption on the same day, the fund company will calculate the amount of the redemption income based on the net value of the day, and the subsequent fund trading days and after that will not be calculated.

For example: client applies for fund redemption before 11:00 a.m. on Monday,

The fund company will calculate the net value of the fund on Monday. The changes of the net value of the fund after Monday, will not be counted on the amount of the customer's redemption, even though the income of product page display may still change.

Open order

On the "Orders" page, the client finds the "Open Order” issued on the same day. If the client would like to cancel the order, the request can be submitted to the fund house for handling. (Before 11:00 a.m. Hong Kong time on the fund trading day).

Cancel the order

Click " Cancel " at the bottom of the page and confirm

Orders sent on the previous trading day cannot be cancelled after 11:00 am

Confirmed Order

When receiving a " Confirmed " order, Clients can confirm the redemption shares and equity in the "Orders”. Starting from the next fund trading day, there will be no further fund income, and the redemption funds will be credited to the account on the day of completion of the settlement

Order settled

On the status of " settled “, the client will receive a notification of successful fund redemption, and the capital will be credited to the account on the same day.