Investors in UCITS funds have a legal right to have their units redeemed according to a procedure set out in the fund’s prospectus. They may usually sell or buy units on either a daily or weekly basis, depending on the fund’s terms and conditions, at a price calculated by the fund’s administrator. If you have to sell some or all of your units, for example to fund the purchase of a house or another asset, this is possible on a short-term basis. You do not have to accept a lower price than the officially established unit price, and the latter will be credited to your account within a few days (generally two to five working days) after the sale. Units of exchange traded funds can be traded on the relevant securities exchanges at any time. The unit price you will receive can vary during the course of the day, especially in periods of strongly fluctuating markets.