To switch between your investment funds, you need to place a sell trade followed by a buy trade. You can do this in the following steps:
Log in to your Kernel account and sell out of the fund you no longer want to invest in.
If your confirmation is received before 12 pm on a business day, your order will likely begin processing on the same day, unless it is a public holiday. Two business days after processing has begun, your completed order will reflect on your account.
Once your cash is available, simply make a manual order into your desired funds.
Hmmm okay, give me an example..
On Friday at 10 am, Kate decides to switch from NZ 20 to Kernel S&P Global 100. She confirms the sell order. On Friday at 12 noon, that order will begin processing and the proceeds will be available in her wallet on Tuesday afternoon.
She logs into her account to re-invest them on Wednesday morning, and the trades are processed at 12 p.m. on the same day. Voila, an investment switch.
Thinking about switching? You can check out your investment options here.