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

Updated 11 February 2025 03:21

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 (s).

Exceptions

The following funds will require an additional day (T+1) for processing:

HK0000720810 - PING AN MONEY MARKET FUND "I" (USD) ACC
IE00BJXS6M75 - HSBC GLOBAL AGGREGATE BOND INDEX "HC" (HKD) ACC
IE00BH4GHK17 - HSBC GLOBAL EMERGING MARKET GOVERNMENT BOND INDEX "HCH" (HKD) ACC
IE00BJXS6P07 - HSBC GLOBAL CORPORATE BOND UCITS ETF "HCH" (HKD) ACC
HK0000465895 - HSBC GLOBAL MONEY FUNDS HONG KONG DOLLAR "C" (HKD) ACC
HK0000465952 - HSBC GLOBAL MONEY FUNDS US DOLLAR "C" (USD) ACC
HK0000584778 - GAOTENG WEVALUE USD MONEY MARKET FUND (USD) ACC
HK0000478872 - GAOTENG WEINVEST MONEY MARKET FUND (HKD) ACC
HK0000055738 - JP MORGAN MONEY FUND - HK$ (HKD) ACC

Professional Investors Only

The following funds will require an additional day (T+1) for processing:

IE00BF2MW353 - ISHARES GLOBAL AGGREGATE 1-5 YEAR BOND INDEX "D" (USD) INC
IE00BD0NCN62 - ISHARES DEVELOPED WORLD INDEX "D" (USD) ACC
IE00BYWYC907 - ISHARES EMERGING MARKETS INDEX "D" (USD) ACC F
IE00BD0NCS18 - ISHARES JAPAN INDEX "D" (USD) ACC B
IE00BD0NCP86 - ISHARES PACIFIC INDEX "D" (USD) ACC A
IE00BYQX7S71 - NEUBERGER BERMAN CHINA BOND "I" (USD) ACC
IE00BKC5WH35 - ALGEBRIS FINANCIAL CREDIT FUND "I" (HKDHDG) ACC
IE00BK017B22 - ALGEBRIS FINANCIAL CREDIT FUND "I" (USDHDG) ACC
IE00BK017C39 - ALGEBRIS FINANCIAL CREDIT FUND "ID"(USDHDG) INC
IE000DISYLT4 - GMO RESOURCES UCITS "E" (USD) ACC
LU1057469113 - LUMYNA BOFA MLCX COMMODITY ALPHA UCITS "B-5" (USD) ACC
IE00BMBSCJ96 - AMUNDI BRIDGEWATER ALL WEATHER SUSTAINABILITY "A" (USD) ACC
IE00BY7RRR74 - WELLINGTON EMERGING MARKET DEVELOPMENT "N" (USD) ACC
LU2420245834 - AMUNDI INDEX GLOBAL AGGREGATE FUND (USD) ACC
LU2420245750 - AMUNDI INDEX MSCI EMERGING MARKETS FUNDS (USD) ACC
LU2420245321 - AMUNDI INDEX MSCI WORLD FUND (USD) ACC
IE0007SUF6S0 - BLACKROCK ISHARES GLOBAL AGGREGATE 1-5 YEAR BOND INDEX FUND (USD) ACC

The following funds will require additional 2 days (T+2) for processing:

IE00BKYBHH48 - UBP U ACCESS (IRL) CAMPBELL ABSOLUTE RETURN UCITS (USD) ACC
IE000PWARWS0 - UBS O'CONNOR CHINA LONG-SHORT ALPHA STRATEGIES (USD) ACC

The following funds will require additional 3 days (T+3) for processing:

JE00BLH31M78 - WILSHIRE MANAGED FUND - BRIDGEWATER FUND (USD) ACC
LU0368700018 - UBSAM REAL ESTATE FUNDS SELECTION (USD) ACC
LU0368699335 - UBSAM REAL ESTATE FUNDS SELECTION (USD) DIST

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.