How to switch funds

Switching allows you to sell some or all of a fund you currently hold and invest the money raised directly into another one. It’s quickest to do this on our website or mobile app. Like all investments, they can fall as well as rise in value, so you could get back less than you invest.  

On this page

Before you start

You should fully research your chosen fund before you trade. This includes being comfortable with its expected performance and understanding the potential risks involved. 

How to switch on the website

  1. Log in online to see your accounts.  
  2. Select the account containing the funds you want to sell.  
  3. Select the arrow icon in the Actions list next to the relevant fund.  
  4. Select ‘Switch into another fund’ from the list of options.  
  5. Select to sell your entire holding, or select to sell a specific number of units, or a specific amount.  
  6. If selling part of your holding, enter the number of units or amount you want to sell and select ‘Continue’.  
  7. Select the manager and name of the new fund you want to invest in from the drop-down menus.   
  8. Choose a percentage of the money raised by selling your existing fund to invest in the new fund, and how much you want to keep uninvested as cash, then select ‘Continue’.  
  9. Check the value or number of units you’re switching is correct. Read the charges and Key Investor Information, and, if you’re a US Person or resident or ordinarily resident in the Republic of Ireland for tax purposes, HL’s dealing terms.
  10. Select ‘Place a deal now’ to confirm.
Switch funds online

How to switch on the mobile app

  1. Select Accounts in the bottom left corner.   
  2. Log in.  
  3. Select the account containing the fund you want to sell. 
  4. Select the right fund, then select ‘Deal now’.  
  5. Select ‘Switch into another fund’ from the list of options, then choose to switch the entire holding or part of it.  
  6. If selling part of your holding, enter the number of units or amount you want to sell, then select ‘Continue’.  
  7. Search for the fund you want to buy then select the relevant one from the list and select ‘Switch to this fund’.  
  8. Check the value or number of units you’re switching is correct. Read the charges and Key Investor Information, and, if you’re a US Person or resident or ordinarily resident in the Republic of Ireland for tax purposes, HL’s dealing terms.
  9. Select ‘Place fund switch’ to confirm.

What happens next

You can track your trade’s progress after logging in online. You’ll get a contract note from the fund manager once the trade has been confirmed, which you can find in your Transaction History. 

Any money not used to buy new investments will go into your Capital Account once your trade has completed.  

Or, depending on the type of account, you can withdraw it to your nominated bank account.

Also in Funds

Common queries

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