Hi
Have opened a cash ISA and created a portfolio and added money. Later I added a few more ETFs and rebalanced the portfolio. I see the moneys are invested in the original funds but the other 2 are at £ 0. Only done later last night will this change on today’s trading…..a novice to this.
Thanks in advance
John
That’s because trades are executed once daily after 2:30pm so any amendments to portfolio’s after this time will not come into effect untill the following day. The second issue is that when rebalancing this will ordinarily involve selling some existing shares in order to buy additional shares in the other ETF’s in your portfolio so that target weights can be aligned. This involves the sell orders being executed during the trading window. Once this is done the buy orders will need to be executed. The sell and buy orders, to my understanding, cannot be completed on the same day. So rebalancing is not an instantaneous process.
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Thanks you. I thought that was the case but as beginner sometime my thinking is off track. I appreciate you reply quickly and mind at ease
J
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