Sentences with phrase «etf settlement date»
The ETF settlement date is 2 days after a trade is placed, whereas traditional open - end mutual funds settle the next day.
https://www.fidelity.com/ Not exact matches
Settlement dates: ETF sales are not settled for 2 days following a transaction; that means as the seller, your funds from an ETF sale are not technically available to reinvest for 2 days.
If you have sold and stocks and against that if you have bought Liquid ETF on T +2, i.e. on settlement date instated of getting money in your margin account, Liquid ETF will be credited to your demat account.
That means if you buy a US - listed ETF, you need to track its cost base in Canadian dollars, and that means knowing the exchange rate on the settlement date of every transaction.