How do I sell and withdraw my investments? (HK)

You may redeem by following steps below : Go to Invest | Redeem | Transfer > Select Redeem. Note that if you choose to redeem 97% or more of the investment value of your goal, we will fully redeem your goal to guarantee execution integrity. 

Transfer of redemption proceeds

You can choose to transfer the redemption proceeds to the Cash Balance of your Endowus account or linked bank account.

Actual redemption amount

The actual redemption amount that you receive may differ from your input amount. When you confirm a redemption order, our system will calculate the number of units to redeem based on the latest available Net Asset Value (NAV), or 'trading price', at the time of the redemption request*.

Example of a redemption: You confirm a $3,000 redemption order prior to cut-off on 2 July (a valid business day) for Fund X. If Fund X's latest NAV is $10 as of  1 July, our system will calculate that we should redeem 300 units of Fund X. The order is executed on the same business day (2 July), where the closing NAV of Fund X is $11 (all redemptions will be executed at the same NAV on that day). As a result, you will receive $3300 (300 units x $11 NAV) in redemption proceeds.

*Please note that there are funds that are an exception to this (listed in the Exceptions section below) and the trading price will be locked in after an additional day (T+1). 

Exceptions

The following funds will require an additional day for processing:

  1. HK0000720810 - PING AN MONEY MARKET FUND "I" (USD) ACC
  2. IE00BJXS6M75 - HSBC GLOBAL AGGREGATE BOND INDEX "HC" (HKD) ACC
  3. IE00BH4GHK17 - HSBC GLOBAL EMERGING MARKET GOVERNMENT BOND INDEX "HCH" (HKD) ACC
  4. IE00BJXS6P07 - HSBC GLOBAL CORPORATE BOND UCITS ETF "HCH" (HKD) ACC
  5. HK0000465895 - HSBC GLOBAL MONEY FUNDS HONG KONG DOLLAR "C" (HKD) ACC
  6. HK0000465952 - HSBC GLOBAL MONEY FUNDS US DOLLAR "C" (USD) ACC

Professional Investors Only

  1. IE00BF2MW353 - ISHARES GLOBAL AGGREGATE 1-5 YEAR BOND INDEX "D" (USD) INC
  2. IE00BD0NCN62 - ISHARES DEVELOPED WORLD INDEX "D" (USD) ACC
  3. IE00BYWYC907 - ISHARES EMERGING MARKETS INDEX "D" (USD) ACC F
  4. IE00BD0NCS18 - ISHARES JAPAN INDEX "D" (USD) ACC B
  5. IE00BD0NCP86 - ISHARES PACIFIC INDEX "D" (USD) ACC A
  6. IE00BYQX7S71 - NEUBERGER BERMAN CHINA BOND "I" (USD) ACC
  7. IE00BKC5WH35 - ALGEBRIS FINANCIAL CREDIT FUND "I" (HKDHDG) ACC
  8. IE00BK017B22 - ALGEBRIS FINANCIAL CREDIT FUND "I" (USDHDG) ACC
  9. IE00BK017C39 - ALGEBRIS FINANCIAL CREDIT FUND "ID"(USDHDG) INC
  10. IE000DISYLT4 - GMO RESOURCES UCITS "E" (USD) ACC
  11. LU1057469113 - LUMYNA BOFA MLCX COMMODITY ALPHA UCITS "B-5" (USD) ACC
  12. IE00BMBSCJ96 - AMUNDI BRIDGEWATER ALL WEATHER SUSTAINABILITY "A" (USD) ACC
  13. IE00BY7RRR74 - WELLINGTON EMERGING MARKET DEVELOPMENT "N" (USD) ACC

Full redemption

If you fully redeem a portfolio before the end of a calendar quarter, we will only charge the Endowus Fee on a pro-rata basis of your daily average investment value. This Endowus Fee will be charged immediately at point of full redemption instead of at the end of the quarter.

If we are processing the quarterly Endowus Fee charge, then you can only make a partial redemption request of up to 90% of your redeemable value until the charge is completed.

Step-by-step video guide

How to Make a Redemption

Withdrawal fees

Endowus does not charge any withdrawal fee for HKD/CNY withdrawals to local banks. For withdrawals in other currencies or made to overseas banks, there will be a remittance fee of HKD 40 plus cable/agent/bank charges. You may read more about withdrawal fees here.

Step-by-step video guide

How to Withdraw Cash from Your Account

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