How long do cash investments take to complete? (SG)
For cash investment orders confirmed before 12.30PM on a valid business day, we will endeavour to submit the orders to our partner broker UOB Kay Hian for execution on the same business day (T). You can assume that the transaction has taken place at the Fund's Net Asset Value ('trading price') of that day. The below is an estimated timeline of how cash investment orders will be executed:
The transaction will be reflected as 'Completed' on the Endowus platform once we receive the final broker confirmation regarding the transaction. Generally, you can expect the transaction to be completed in 3-4 business days.
Valid Business Day
Your trades are executed on a best-effort basis on a valid business day, which excludes Saturdays, Sundays, Singapore public holidays and Fund Holidays (as declared by the individual Fund Managers).
The following six funds will require an additional day for processing:
IE00BD0NCN62 (Cash)- BlackRock iShares Developed World Index Fund (IE) (D Acc USD)
IE00BYWYC907 (AI only) - BlackRock iShares Emerging Markets Index Fund (IE) (D Acc USD)
IE00BHXGRN56 (Cash/SRS) - Neuberger Berman China Bond Fund (A SGD Monthly Inc)
LU2420246212 (Cash/SRS) - Amundi Index Global Agg 500m Fund
LU2420245917 (Cash/SRS) - Amundi Index MSCI World Fund
LU2420246139 (Cash/SRS) - Amundi Index MSCI Emerging Markets Fund
At redemption, the following four funds will trade at NAV of T-1:
IE00BL0BL405 (AI only) - Goldman Sachs Sterling Liquid Reserves Fund
IE00B96CNN65 (AI only) - Goldman Sachs Euro Liquid Reserves Fund