Quick Tip on equity funds trading 7-26-2013

Back in May 2013, I cut my China positions via HSBC fund online, and it should have been a breakeven for charges/fees.

After few days, the NAV of that fund skipped the day I cut my positions, and I sent a complain to investments team why there was no NAV price on that very day.

Investments team replied that it was a Holiday in Luxemburg! And the supposed to be breakeven turned into 2% loss.

On that day forward, I promise to remember the Luxemburg holidays to avoid faulty trading strategies. :)

Know your funds well and keep track on their Holidays :)

* Most fund houses register their funds/ETFs in Luxemburg.

					Weekday Date Holiday name Holiday type Tuesday Jan 1 New Year's Day National holiday Friday Mar 29 Good Friday National holiday Sunday Mar 31 Easter Day Observance, Christian Monday Apr 1 Easter Monday National holiday Wednesday May 1 Labor Day / May Day National holiday Thursday May 9 Ascension Day National holiday Sunday May 19 Whit Sunday Observance, Christian Monday May 20 Whit Monday National holiday Sunday Jun 23 National Day National holiday Thursday Aug 15 Assumption of Mary National holiday Friday Nov 1 All Saints' Day National holiday Tuesday Dec 24 Christmas Eve Observance Wednesday Dec 25 Christmas Day National holiday Thursday Dec 26 St Stephen's Day National holiday Tuesday Dec 31 New Year's Eve Observance