Change of Name and Investment Objective and Policy of the Underlying Fund(s)

Transcription

1 June 19, 2017 The notice contains important information that requires your immediate attention. Should you have any query about this notice, please seek independent professional advice. To Policyowners of Manulife Investment Plus ( MI Plus ) / Manulife Investment Solutions ( MISo ) / Manulife Wealth Creator ( MWC ) / Alpha / Alpha Regular Investor ( ARI ) / Matrix / ManuSelect Investment Protector ( ) (each a Plan and collectively, the Plans ) Change of Name and Investment Objective and Policy of the Underlying Fund(s) We would like to notify you of the following changes with regard to the following underlying funds (each an Underlying Fund and collectively, the Underlying Funds ) corresponding to the following investment choices under the Plans, following our receipt of the shareholder notices of the Underlying Funds dated June 2, Name of Plan Name of Investment Choice Name of Underlying Fund MI Plus and MISo Manulife Inv Amundi Emerging Focus Fund Amundi Funds Equity Emerging MIL Amundi Emerging Focus Fund Focus Share Class of Underlying Fund Class A2U (Acc) MI Plus and MISo Manulife Inv Amundi Global Luxury and Lifestyle Fund MIL Amundi Global Luxury and Lifestyle Fund Amundi Funds Equity Global Luxury and Lifestyle Class A2U (Acc) Manulife Inv Korean Equity Fund MIL Korea Fund Amundi Funds - Equity Korea Class I ManuSelect Korea Fund Manulife Inv Middle East and North Africa Equity Fund Amundi Funds Equity MENA MIL Middle East and North Africa Fund Manulife Inv Thailand Equity Fund Class A2U MIL Thailand Fund Amundi Funds - Equity Thailand Class I ManuSelect Thailand Fund Manulife Inv Amundi Cash Fund MIL Amundi Cash Fund Amundi Funds Cash USD Class AU (Acc) Cash Fund We have been informed by the Underlying Funds of (i) the upcoming change of the name of Amundi Funds - Equity Global Luxury and Lifestyle; and (ii) the Underlying Funds initiative to rewrite their prospectus to enhance the clarity and reader-friendliness of disclosures and reformulate their investment objective and policy of the Underlying Funds. 1. Change of Name of Amundi Funds - Equity Global Luxury and Lifestyle With effect from July 3, 2017 (the Effective Date ), the name of Amundi Funds - Equity Global Luxury and Lifestyle will be modified to Amundi Funds - CPR Global Lifestyles. In view of such change, the name of the corresponding investment choices will be changed as follows with effect from July 10,

2 Current Name of Investment Choice Manulife Inv Amundi Global Luxury and Lifestyle Fund MIL Amundi Global Luxury and Lifestyle Fund New Name of Investment Choice Manulife Inv Amundi CPR Global Lifestyles Fund MIL Amundi CPR Global Lifestyles Fund The offering documents of the relevant Plans will be updated to reflect the above changes. 2. Change of Investment Objective and Policy of the Underlying Funds With effect from the Effective Date (or, in respect of Amundi Funds Cash USD, August 3, 2017), the investment objective and policy of the Underlying Funds will be rewritten to: integrate the reference indicator (or, in respect of Amundi Funds Equity Global Luxury and Lifestyle, the new reference indicator) into the investment objective of the Underlying Funds; fine-tune and/or elaborate on the scope of investment of the Underlying Funds; specify Amundi Funds Equity Emerging Focus investment limit on participatory notes ( P-Notes ); and clarify and/or elaborate on the investment strategy (including stock selection process) within the scope of the Underlying Funds existing investment policy, objective and strategy to more closely reflect the existing practice in relation to the management process of the Underlying Funds. Accordingly, as from the Effective date (or, in respect of Amundi Funds Cash USD, August 3, 2017), the investment objective and policy of the Underlying Funds have to be read as follows (key changes are underlined for your easy reference): (i) Amundi Funds - Equity Emerging Focus To achieve long-term capital growth. Specifically, the Sub-Fund seeks to outperform (after applicable fees) the MSCI Emerging Markets index. The Sub-Fund invests mainly in emerging market equities. Specifically, the Sub-Fund invests at least 67% of assets in equities and equity-linked instruments issued by companies that are headquartered, or do substantial business, in emerging countries. The Sub-Fund may invest in P-Notes for the purpose of efficient portfolio management, with a maximum of 30% of net assets in P-Notes based on China A-Shares. There are no currency constraints on these investments. While complying with the above policies, the remaining net assets of the Sub-Fund may also invest in other equities, Base currency USD The investment team actively manages the Sub-Fund s portfolio by combining top-down and bottom-up strategies: geographical allocation, sector allocation within each country and equity selection of companies directly exposed to emerging markets and economies. (ii) Amundi Funds - Equity Global Luxury and Lifestyle To achieve long-term capital growth. Specifically, the Sub-Fund seeks to outperform (after applicable fees) the MSCI World Index. The Sub-Fund invests mainly in equities of companies around the world benefiting from the dynamism of consumption related to individual self-fulfillment and well-being. Specifically, the Sub-Fund invests at least 67% of assets in the companies tied to this theme through, amongst others, luxury goods, travel, leisure and information technology. There are no currency constraints on these investments. 2

3 While complying with the above policies, the remaining net assets of the Sub-Fund may also invest in other equities, The investment team selects equities based on the analysis of consumption trends (top-down) and fundamental analysis of company outlooks (bottom-up). Investment Manager CPR Asset Management Please also note that, with effect from the Effective Date, the reference indicator of such Underlying Fund will be changed from MSCI World Consumer Discretionary Net Index (dividend reinvested) to MSCI World Index which provides a more suitable basis for performance evaluation based on the Underlying Fund s existing investment universe. (iii) Amundi Funds - Equity Korea To achieve long-term capital growth. Specifically, the Sub-Fund seeks to outperform (after applicable fees) the 10/40 MSCI Korea index. The Sub-Fund invests mainly in Korean equities. Specifically, the Sub-Fund invests at least 67% of assets in equities of companies that are headquartered, or do substantial business, in Korea. The Sub-fund will comply with all rules and regulations issued by the Korea Exchange relating to investment by foreigners in securities listed on the Korea Exchange including the Rules on Sales and Purchases of Shares by Foreigners adopted by the KSEC on 30th September 1991 as amended from time to time. The investment team actively manages the Sub-Fund s portfolio by using a stock-picking model (bottom-up) that aims to select the most attractive equities based on growth potential and valuation. Investment Manager Amundi Hong Kong Ltd. Sub-Investment Manager NH-CA Asset Management Co., Ltd. (iv) Amundi Funds - Equity MENA To achieve long-term capital growth. Specifically, the Sub-Fund seeks to outperform (after applicable fees) the S&P Pan Arab Large Mid Cap index. The Sub-Fund invests mainly in equities of companies in the Middle East and North Africa (MENA). Specifically, the Sub-Fund invests at least 67% of assets in equities and equity-linked instruments of companies that are headquartered, or do substantial business, in MENA countries. The Sub-Fund may invest in P-Notes for the purpose of efficient portfolio management. There are no currency constraints on these investments. The Sub-Fund may use derivatives for hedging and efficient portfolio management. The Sub-fund will not invest extensively 3

4 The investment team actively manages the Sub-Fund s portfolio by combining top-down and bottom-up strategies: geographical allocation, sector allocation within each country and equity selection based on growth potential and valuation. (v) Amundi Funds - Equity Thailand To achieve long-term capital growth. Specifically, the Sub-Fund seeks to outperform (after applicable fees) the Bangkok Set (TRI) index. The Sub-Fund invests mainly in Thai equities. Specifically, the Sub-Fund invests at least 67% of assets in equities that are listed on the Stock Exchange of Thailand (SET) and are issued by companies that are headquartered, or do substantial business, in Thailand. The investment team actively manages the Sub-Fund s portfolio by using a stock-picking model (bottom-up) that aims to select the most attractive equities based on growth potential and valuation. Investment Manager Amundi Hong Kong Ltd. Sub-Investment Manager Amundi Singapore Ltd. (vi) Amundi Funds - Cash USD To achieve a stable performance in line with the USD Libor 3-month rate. The Sub-Fund invests mainly in money market instruments that are denominated in US dollar or hedged against the US dollar. Specifically, the Sub-Fund invests at least 67% of assets in money market instruments. The Sub-Fund maintains an average portfolio maturity of 90 days or less. For as long as the Sub-Fund remains authorised by the SFC, it will be operated in accordance with the investment principles of (including the investment and borrowing restrictions) Chapter 8.2 of the SFC Code on Unit Trusts and Mutual Funds. The Sub-Fund will not purchase an instrument with a remaining maturity of more than 397 days, or two years in the case of government and other public securities. The Sub-Fund does not invest more than 30% of assets in transferable securities and money market instruments issued or guaranteed by any single nation, public local authority within the EU, or an international body to which at least one EU member belongs. The investment team uses both technical and fundamental analysis, including credit analysis, to select issuers and short term private securities (bottom-up) while constructing a high quality portfolio with a strong focus on liquidity and risk management. Save for the above changes, there will not be a material impact on the Underlying Funds existing investment objectives and policies, and how they are currently being managed. There will not be a material change or increase in the overall risk profile of the Underlying Funds. The rights or interests of shareholders of the Underlying Funds would not be materially prejudiced. There will not be any change in fee level / cost in managing the Underlying Funds following the implementation of the above changes. The costs and expenses associated with the above 4

5 changes will be borne by the management company of the Underlying Funds. The prospectus of the Underlying Funds will be updated accordingly in due course. Please refer to the offering documents of the Underlying Funds for further information relating to the above changes. If you have any enquiry, please do not hesitate to contact your Manulife Insurance Advisor or call our Customer Service Hotline at (852) (in relation to ) and (852) (in relation to ARI, Alpha, Matrix and ) in Hong Kong or (853) in Macau during office hours: 9:00am - 6:00pm, Monday to Friday. Customer Services Individual Financial Products Manulife (International) Limited Incorporated in Bermuda with limited liability 5