What is the daily cut-off for Subscription and Redemption requests?

Daily cut-off

For Subscription & Redemption assets, requests are processed against a daily cut-off time — typically 13:00 HKT (Hong Kong Time) on each dealing day.

How it works

• Requests submitted before the cut-off are processed against that day's NAV
• Requests submitted after the cut-off roll to the next dealing day's NAV
• Dealing days follow the fund's calendar — typically business days, excluding Hong Kong public holidays

Why the cut-off matters

NAV is calculated once per dealing day. A cut-off ensures fairness — all subscriptions and redemptions for a given dealing day are processed at the same NAV, regardless of exactly when in the morning they were submitted.

Fund-specific variations

Some funds use different cut-off times or dealing day frequencies (weekly, monthly). The specific schedule for each fund is shown on the asset page under General Data, and in the fund's offering documents.