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How long does it take to sell?

Closed-end funds and OEICs
MyNameIsUrl
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How long does it take to sell?

#136509

Postby MyNameIsUrl » May 3rd, 2018, 9:27 am

I placed an order to sell a Vanguard fund on Tuesday morning in my AJ Bell YouInvest SIPP.

2 full days later it's still showing as 'in progress'.

How long does it normally take?

Alaric
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Re: How long does it take to sell?

#136512

Postby Alaric » May 3rd, 2018, 9:45 am

MyNameIsUrl wrote:How long does it normally take?


Depending on their cut off for dealing instructions, you may have been too late to deal on Tuesday, so you will get Wednesday's price. There's then going to be a reporting and settlement delay before you get notified of the value and actually get the cash in your account.

It's a downside of OEICs as opposed to ITs and ETFs that you buy and sell blind and don't know the price until a day or two later.


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