You can now invest in Mutual Funds through Model Portfolios. Note that because Mutual Funds trade only once/day when the market closes, the number of shares and cash value update differently from other assets.
You can add funds to an existing model, or create a new model to invest in the fund. To add Mutual Funds to an existing model, in the Rebalance window use the Rebalance to Target feature. For a new model, use the Reallocation feature that you can open from the Portfolio page.
Note that due to the way in which Mutual Funds trade, updates to Position and Cash Value work differently. Because it takes time for MFs to execute as they only trade once per day after market close, when trades are submitted the market value is reduced by the amount of the order, because at that point there are no shares (position shows 0). Once the order executes and the position is updated, Market Value also updates to include the value of the shares.
This release includes:
Interactive Brokers Canada Inc. is a member of the Canadian Investment Regulatory Organization (CIRO) and Member - Canadian Investor Protection Fund. Know Your Advisor: View the CIRO AdvisorReport. Trading of securities and derivatives may involve a high degree of risk and investors should be prepared for the risk of losing their entire investment and losing further amounts. Using borrowed money to finance the purchase of securities involves greater risk than using cash resources only. If you borrow money to purchase securities, your responsibility to repay the loan and pay interest as required by its terms remains the same even if the value of the securities purchased declines. Interactive Brokers Canada Inc. is an order execution-only dealer and does not provide investment advice or recommendations regarding the purchase or sale of any securities or derivatives. Our registered office is located at 1800 McGill College Avenue, Suite 2106, Montreal, Quebec, H3A 3J6, Canada.
Know Your Advisor: View the CIRO AdvisorReport