Appointment of investment sub-manager of the underlying fund of M87 Invesco Global Small Cap Equity
21 June 2019
Friends Provident International Limited (“Friends Provident International”) has been notified by Invesco Funds (“The Company”) of an appointment of investment sub-manager of the underlying fund of M87 Invesco Global Small Cap Equity. This will become effective from 17 July 2019 (the “Effective Date”).
The Company have confirmed that from the Effective Date, Invesco Advisers Inc. will be appointed as investment sub-manager of the underlying fund of M87 Invesco Global Small Cap Equity.
The Company have stated that the rationale behind this change is to better reflect that a US portion of the underlying fund is managed in the US, based on asset allocation directed by Invesco Asset Management Limited, the investment manager of the underlying fund. The appointment of the investment sub-manager does not impact the features and risks applicable to the underlying fund, does not change how the underlying fund is managed and does not impact the rights or interests of existing investors nor the risk profile of the underlying fund. There is no change in the fee level and cost in managing the underlying fund and any cost and/or expenses incurred in connection with this change will be borne by the management company.
Should you have any questions regarding these changes, please contact International Funds & Investments.