Fund Subscription and Redemption Rules

Subscription Rules

Subscription Process

Subscription ProcessExample
Submission of buy orderBy 12:00 on T daySubmit order by 12:00 on March 2, 2020
Confirmation of shareEstimate: T+3The units purchased is expected to be confirmed on March 4, 2020
View earningsEstimate: T+4Earnings are expected to be viewable on March 5, 2020

Note: T day refers to the trading day. The cut-off time is 12:00 daily (there is no time difference between Singapore Time and China Standard Time). T (not including 12:00) refers to the time before 12:00 (not inclusive), while T+1 refers to the time after 12:00 (inclusive). Weekends and statutory holidays (subject to the country in which the fund is located) are non-trading days.

Trading Amount

  • Minimum initial purchase amount - please refer to the Fund Details page for details
  • Subsequent purchases - please refer to the Fund Details page for details

Rules for Canceling Orders

  • Orders placed before 12:00 on T day may be canceled;
  • Orders placed after 12:00 on T day cannot be canceled. You must first wait for the units to be confirmed; whereupon, you may request to sell on the second trading day after confirmation;

Redemption Rules

Redemption Process

Redemption ProcessExample
Submission of sell orderBy 12:00 on T daySubmit order by 3:00 p.m. on March 9, 2020
Confirmation of net valueT+3The net value is expected to be confirmed on March 12, 2020 (i.e. the net value as of March 9)
Cash credited to accountWithin 7 trading daysFunds are expected be returned to the account by March 17, 2020

Note: T day refers to the trading day. The cut-off time is 12:00 daily (there is no time difference between Singapore Time and China Standard Time). T (not including 12:00) refers to the time before 12:00 (not inclusive), while T+1 refers to the time after 12:00 (inclusive). Weekends and statutory holidays (subject to the country in which the fund is located) are non-trading days.

Trading Amount

  • Minimum units/amount held - please refer to the Fund Details page for details
  • Minimum number of units to be sold - please refer to the Fund Details page for details

Rules for Canceling Orders

Order withdrawal requests may be made on the Fund Trading History page, and will be effective as of the date of submission.

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