Name changes to the underlying funds of various Aberdeen funds
14 May 2023
P33 Aberdeen Standard SICAV I All China Sustainable Equity (USD)
P65 Aberdeen Standard SICAV I Asia Pacific Sustainable Equity
R11 Aberdeen Standard SICAV I Emerging Markets Smaller Companies
P54 Aberdeen Standard SICAV I Indian Equity
J96 Aberdeen Standard SICAV I Global Innovation Equity
(Together the “Affected Mirror Funds”)
We have been notified by Aberdeen Standard SICAV I (the “Company”) of upcoming changes which impact the Affected Mirror Funds. On the 5 June 2023 (the ”Effective Date”), the Company will be changing the name of the Company and the underlying funds of our Affected Mirror Funds from Aberdeen Standard SICAV I to abrdn SICAV I.
Background to the changes
The Company’s funds are part of the asset management business of Standard Life Aberdeen plc, who on 5 July 2021 changed its name to abrdn plc. Since then, the business has been gradually adopting the new name and branding across its fund ranges. The Board of Directors of the Company has now decided to amend the current name of the Company and its funds in line with the new abrdn branding.
The name change will have no impact to the investment objective, investment strategy or risk factors of the underlying fund of the Affected Mirror Funds.
Change of name for the Affected Mirror Funds
Accordingly, on the Effective Date we will be amending the names of our Affected Mirror Funds as follows:
|Affected Mirror Fund name before Effective Date||Affected Mirror Fund after Effective Date|
|P33 Aberdeen Standard SICAV I All China Sustainable Equity (USD)||P33 abrdn SICAV I All China Sustainable Equity (USD)|
|P65 Aberdeen Standard SICAV I Asia Pacific Sustainable Equity||P65 abrdn SICAV I Asia Pacific Sustainable Equity (USD)|
|R11 Aberdeen Standard SICAV I Emerging Markets Smaller Companies||R11 abrdn SICAV I Emerging Markets Smaller Companies (USD)|
|P54 Aberdeen Standard SICAV I Indian Equity||P54 abrdn SICAV I Indian Equity (USD)|
|J96 Aberdeen Standard SICAV I Global Innovation Equity||J96 abrdn SICAV I Global Innovation Equity (USD)|
Change of service provider for the Company
Additionally, the Company has advised of a change of service provider. Currently BNP Paribas S.A., is acting as the depositary and administrator for the Company. As of the Effective Date, to further align with the abrdn range, Citibank Europe plc will be appointed as the depositary and administrator of the Company.
The change of service provider will not materially change the rights or interests of existing investors of the Company, and there will be no material change to the overall risk profile of the Company as a result.
Policyholders do not need to take any action as a result of the name change if they wish to remain invested in the Affected Mirror Funds.
We recommend that policyholders seek the advice of their usual financial adviser before making any investment decisions.
Should you have any questions regarding these changes, please contact the Investment Marketing team.