Notification of a change to the underlying fund of L21 Pictet Global Environmental Opportunities
21 Sep 2021
We have been informed by Pictet Asset Management (Europe) S.A. Luxembourg (the “Company”) of their decision to soft close the underlying fund of L21 Pictet Global Environmental Opportunities as it believes that the fund size is at the maximum for efficient execution of the strategy. As a result, FPIL has taken the decision to also soft close L21 Pictet Global Environmental Opportunities, taking effect from 17 September 2021 (the “Effective Date”).
As a result, from the Effective Date, FPIL will no longer accept new investment instructions (for switch-in and singular premium increase) into L21 Pictet Global Environmental Opportunities.
Policyholders paying regular premiums into L21 Pictet Global Environmental Opportunities can continue to do so at the same or at a reduced level, however they may not increase the premium allocation into L21 Pictet Global Environmental Opportunities.
Further information can be found in the client letter, which has been sent out to policyholders invested in these funds.
Should you have any questions regarding these changes, please contact International Funds & Investments.