Funds | XSpot Markets | Asset Management & Multi Asset Brokerage
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Funds

Instrument Specifications

General information

Online trading

Once you are subscribed to the fund you want you will see the shares of the fund you purchased in your positions balance, while the NAV of the fund will be updated daily. This way you can monitor your investment online from our XSpot PRO terminal.

 

Offline trading

Fund subscriptions can be executed only offline, by contacting our dealing room dealing@xspot.markets and enquiring about the specific fund(s) you want to trade and hold with us.

Trading hours

All fund subscriptions go through our fund desk, and we will execute your order(s) Monday to Friday between 09:30 to 17:30 excluding bank holidays.

Market Data

Most liquid funds only get 1 price update of their NAV daily which will be reflected in your account.

Charges

We charge a fee starting from 0.50% fee with a minimum of EUR 100 depending on the fund you want to subscribe. Different funds might be more difficult to source so our counterparties may request for a higher fee. Our dealing desk will inform you for the subscription fee following your request.

Example: An investor wants to subscribe EUR 20,000 to PIMCO GIS Diversified Income Fund, the total commission applied will be 0.50% so the charge is EUR 100.

 

Note: Most our funds subscriptions will have a fee of 0.50%. For some funds though, our counterparties may request a higher fee but our dealing desk will inform you well in advance of any applicable charges so that you may make a better informed decision.

Custody

We apply a custody fee of 0.15% + V.A.T (if applicable) when holding funds with XSpot PRO with a minimum fee of EUR 5 per month for your entire account.

 

Example: You have a EUR 25,000 account with XSpot PRO holding EUR 10,000 in a fund,  and EUR 5,000 cash balance. At the end of every month we charge our 0.15% custody fee based on the days we held the instruments with us only. So if you held your trades for 20 days of the past month it means that you will be charged like this:

Charge for the EUR 5,000 = 0 (We don’t charge custody on cash)

Charge for the EUR 10,000 fund trade = (10,000 x 0.15% / 365) x 20 = EUR 0.82

Total amount is EUR 1.64 but less than the EUR 5 min so then minimum fee of EUR 5 will be applied.

Trading Conditions for funds

All subscription requests go to dealing@xspot.markets . Once our dealing room confirms that we can subscribe this fund for you they will place your subscription and communicate it to you. Please find more about order types of funds in our order execution policy.

 

Different issuers have different settlement days for funds so you might experience a T+2 with an issuer or T+5 with another. Our dealing room will send you the KIID and factsheet on the product you requested subscription.

Funds

General information

With XSpot you can take advantage of our different counterparties and subscribe in global funds. Please contact us at dealing@xspot.markets to see if we can hold the fund you want or if you require further information. Once we confirm that we can hold it for you, you will be able to place your subscription request which will appear in your account summary and positions balance when filled, just like any other position.

Our order execution details for online and offline funds can be found in our order execution policy.

Online trading

Once you are subscribed to the fund you want you will see the shares of the fund you purchased in your positions balance, while the NAV of the fund will be updated daily. This way you can monitor your investment online from our XSpot PRO terminal.

 

Offline trading

Fund subscriptions can be executed only offline, by contacting our dealing room dealing@xspot.markets and enquiring about the specific fund(s) you want to trade and hold with us.

Trading hours

All fund subscriptions go through our fund desk, and we will execute your order(s) Monday to Friday between 09:30 to 17:30 excluding bank holidays.

Market Data

Most liquid funds only get 1 price update of their NAV daily which will be reflected in your account.

Charges

We charge a fee starting from 0.50% fee with a minimum of EUR 100 depending on the fund you want to subscribe. Different funds might be more difficult to source so our counterparties may request for a higher fee. Our dealing desk will inform you for the subscription fee following your request.

Example: An investor wants to subscribe EUR 20,000 to PIMCO GIS Diversified Income Fund, the total commission applied will be 0.50% so the charge is EUR 100.

 

Note: Most our funds subscriptions will have a fee of 0.50%. For some funds though, our counterparties may request a higher fee but our dealing desk will inform you well in advance of any applicable charges so that you may make a better informed decision.

Custody

We apply a custody fee of 0.15% + V.A.T (if applicable) when holding funds with XSpot PRO with a minimum fee of EUR 5 per month for your entire account.

 

Example: You have a EUR 25,000 account with XSpot PRO holding EUR 10,000 in a fund,  and EUR 5,000 cash balance. At the end of every month we charge our 0.15% custody fee based on the days we held the instruments with us only. So if you held your trades for 20 days of the past month it means that you will be charged like this:

Charge for the EUR 5,000 = 0 (We don’t charge custody on cash)

Charge for the EUR 10,000 fund trade = (10,000 x 0.15% / 365) x 20 = EUR 0.82

Total amount is EUR 1.64 but less than the EUR 5 min so then minimum fee of EUR 5 will be applied.

Trading Conditions for funds

All subscription requests go to dealing@xspot.markets . Once our dealing room confirms that we can subscribe this fund for you they will place your subscription and communicate it to you. Please find more about order types of funds in our order execution policy.

 

Different issuers have different settlement days for funds so you might experience a T+2 with an issuer or T+5 with another. Our dealing room will send you the KIID and factsheet on the product you requested subscription.

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