Log in to myDavy and go to the trading section

If you have any problems logging into the site, please read How do I log in.

When you click on the Trading tab, the trading page is displayed where you see MyWatchlist/Alerts, My Orders, My Holdings and Cash Account Balances.

Select the fund you want to sell from the drop down menu or the portfolio holdings list

The Funds that you currently hold are listed on the trading page. To trade units in a Fund that you currently hold, click the Sell button. This will enter the name into the Fund Name field, and you can proceed to choosing the type of order you wish to place.

Once you have selected your fund, the last price per unit, frequency of dealing and deal cut off time are displayed

Last price per unit

The most recent price paid for a unit in a fund, usually from close of business on the last dealing day. This is calculated by  taking the total assets of a fund, subtracting the total liabilities, and dividing by the total number of units in the fund after the close of the previous trading day. This value is used to determine the prices for buying and selling units in a fund.

The Last Price Per Unit is indicative only. Your order is unlikely to be dealt at this price. The actual deal price will be determined by the Fund Manager and may differ significantly from the last indicative price shown.

The currency that the fund is dealt in is displayed next to the Last Price Per Unit.

Frequency of dealing

How frequently a fund is dealt. This could be daily, weekly, monthly or quarterly.

Deal cut off time

Orders to deal funds must be sent to a centralised third party fund administrator, who then sends the order to the individual fund provider for execution on the next business day. The Deal Cut Off Time is the time by which your order must be placed to be included in the fund pricing for that day.

You should be aware that meeting the Davy dealing cut off time may not guarantee participation in the next pricing of the particular fund, due to the various cut offs being applied by relevant third parties. In certain circumstances, orders may not be executed for two or more business days. Please contact Davy Select should you require additional information in relation to specific funds.

The number of units available for you to sell is displayed in the units field

If you want to sell your full holding of the selected fund, do not edit this number.

If you want to sell only a portion of your holding of this fund, enter the number of units that you want to sell.

Choose your settlement currency

This is the currency that you will receive payment in.

Read the important information, and tick the box indicating that you have read it

It is essential that before placing any instruction to trade, you read and understand the Fund information provided. For example, the Fund Prospectus highlights the key risks of the fund, and so must be understood in full.

The information provided on the funds does not constitute investment advice from Davy, Morningstar or any related third parties.

If you are not satisfied that you fully understand this investment or are unsure about its suitability in the context of your own individual circumstances, you should separately seek independent investment advice prior to making a decision to invest or disinvest.

Preview order

On the Preview Order page you can review the details of your order.

  • If you are happy with the order and want to proceed, click Place Order.
  • If you would like to change the details of your order, click Edit Order to return to the Trade Funds page and change your order.
  • If you have changed your mind and do not want to complete the trade, click Cancel Order.

View open orders

Once your order has been placed:

  • Click on the Trading Dashboard
  • In the My Orders section, you can view Open, Executed, Cancelled and Expired orders.

    Open orders are those currently working in the market and which have yet to be dealt in the market. Open orders can be valid for up to 14 days inclusive of weekends. Open orders include those partially executed where the order is partially dealt but not completely executed, or the order can be partially executed but where the remainder of the order is pending cancellation.
    You can chose to Cancel Order in the Open order section.

Confirmation of trade

If you have signed up to receive confirmation of your trades via email (My Profile section), you will receive an email when your trades have executed.