New vs existing holding

From time to time, your Fund may acquire more shares/units in an entity in which it already owns shares. In such case, you will be offered the option to add to the existing holding.

This is useful as it consolidates your holding and Asset Reports will show and assess capital gain/loss on each acquisition separately, but also show a combined holding and value.

If you mistakenly select to Create a New Holding for an Asset you already hold, Mclowd will ask you to confirm whether you want to Create New or Use Existing. Use Existing is usually recommended.

Note: For segregated assets, users will not be offered the option to add to an existing holding unless the equity is owned/being purchased for the same account as the existing holding.