Create a fund switch order
You can transfer investment from one fund to another by switching a fund position to another fund. A fund switch consists of a redemption trade order in one fund and a subscription trade order in another fund that are linked together. When you execute the redemption trade order, the subscription trade order is automatically updated with the exact net trade amount of the redemption trade order.
To create a switch order:
Open the portfolio with the fund position you want to switch in the Overview. Make sure you have a single portfolio and not a contact or group selected in the Portfolio hierarchy on the right-hand side.
Right-click the fund position you want to switch from and choose New switch order.
Fill in the fields:
- Switch from
The fund position you want to sell.
- Execution method
Choose if you want to execute the redemption leg in units (a fixed percentage of the position) or in trade amount (a fixed amount of money).
- Position percentage
The percentage of the position to switch (available if the chosen execution method is "units").
- Trade amount
The trade amount (in portfolio currency) to switch (available if the chosen execution method is "trade amount").
- Switch to
The fund you want to switch to.
Click Save & close and confirm the switch.
The fund redemption is saved with the execution method that you selected. The subscription is always in net trade amount, since the exact cash received from the redemption should be reinvested. The subscription is originally saved with 0 amount – this helps you see when it has been updated with the final trade amount available after the redemption leg is executed.