Buy-sell spread information
About buy sell spread
When an investor buys or sells units in a fund, the investment manager trades the underlying assets of that fund to either invest the money or provide cash for the withdrawal. This trading generates transaction costs, such as brokerage, which are paid for by the fund.
The buy-sell spread is the difference between a fund's entry price and exit price and is a cost incurred by investors each time they invest or withdraw funds. The buy-sell spread is retained by the fund (it is not a fee paid to us) and contributes towards the transaction costs associated with the fund buying or selling assets.
The spread ensures that those investors joining or leaving the fund contribute towards these transaction costs and other investors who are not joining or leaving at that particular time are not disadvantaged.
A buy-sell spread is expressed as a percentage of the net value of the Fund's assets. The buy-sell spreads for our funds are reviewed annually and can change from time to time. Any changes are updated on this website.
- 1. File description: BT Investment Management Buy-Sell Spread Information [78.2KB]
File name: BTIM_Institutional_and_Wholesale_Funds_Buy_Sell_spread_-_Effective_24_January_2013.pdf