Investec Asset Management have informed us of some changes they are making to the underlying fund Investec Global Strategy Fund (GSF) Continental European Equity, into which the Friends Provident International Limited (FPIL) mirror fund invests.
They will be changing the fund name to Investec GSF European Equity with effect from 30 November 2012. At the same time, Investec Asset Management are amending the Investment Policy of the underlying fund to reflect the expansion of the geographic scope to include Europe as a whole, rather than specifically the continental European countries. From an investment perspective, the most significant impact of the change will be to allow the underlying fund’s portfolio manager to include UK-based companies in the underlying fund’s investment universe.
As a result of this notification from Investec, these changes will also apply to the FPIL mirror fund, effective 30 November 2012.
A copy of the client letter, including the reworded investment objective, is available here.
Should you have any questions regarding this development please contact our Unit Linked Investments Department.
Please note Friends Provident International does not provide advice or sell products direct to the customer.
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