Switching investment options
What about when I switch investment options?
You can change your investment option at any time by requesting an investment switch.
When you submit a switch request:
- we apply the unit price for the day your request is received
- your request must be received before 3:00pm (AEST/AEDT) on a business day.
It takes up to two business days to calculate the unit price we apply to the switch. But this doesn’t mean you’re exposed to market movements during this time.
The two-day period is needed to calculate the value of all the assets we invest in and the number of units on issue. These are impacted by contributions and withdrawals. We need these valuations to calculate the unit price for any of our investment options.
Cancel an investment switch
Once you have submitted a switch request online, it will have a ‘pending’ status until the unit price is available and we have finished your request. This is generally within three business days.
While your switch is 'pending', you can’t cancel a switch request or a Term Deposit application. Once we’ve finished your first request, you can submit another.
Before you make a switch, you can speak with a financial planner who can help you choose the option that’s right for you. Book an appointment.
How do unit prices work when I make an investment switch?
It takes up to two business days to calculate the unit price we apply to your investment switch. But this doesn’t mean you’re exposed to market movements during this time, as seen in the example below. Locking in Monday’s unit price means John’s switch was not affected by the market falls on Tuesday.