Fund Announcement: 6 June 2008

Transcription

1 Announcement: 6 June Dividend Payout for PRU Income X Second Annual Payout Declaration : 2 June 08 Dividend Rate: 9 cents per unit Ex : 3 June 2008 Payment : Early July 2. Dividend Payout for SGAM Singapore Dividend Growth 9 th Semi Annual Payout Declaration : 30 May 08 Dividend Rate: 2.5% (Indicative Based on initial offer price of $1.00) Ex : 2 June 08 Payment : Early July 3. Dividend Payout for First State Global Infrastructure 1 st Distribution Declaration : 30 June 2008 Dividend Rate: 1% of NAV Ex : 1 July 2008 Payment : End July 4. Dividend Payout for Yield 15 Declaration : 10 June 2008 Dividend Rate: 3% Ex : 11 June 2008 Payment : Mid July 5. Dividend Payout for Yield 20 Declaration : 10 June 2008 Dividend Rate: 4.5% Ex : 11 June 2008 Payment : Mid July 6. Dividend Payout for First State Dividend Advantage Declaration : 30 June 2008 Dividend Rate: 1% of NAV Ex : 1 July 2008 Payment : End July 7. Notification on Changes to DWS Invest We have been notified on the changes for the Sub-funds of DWS Invest (the fund ). The following is a summary of the changes made: Conducting Synthetic Securities Additional Particulars on the suspension of redemption and calculation of NAV

2 Additional expenses chargeable Increase in the limit of investment in derivative positions Investing in precious metals and precious-metals certificates For more information, please refer to the attached notice from DWS Investments: 8. Notification on Changes to DWS Premier Investments s We have been notified by DWS on the changes for the below mentioned funds. Sub-s DWS Asian Small/Mid Cap DWS BRIC Plus DWS Global Climate Change DWS Japanese Small/Mid Cap Underlying s DWS Invest Asian Small/Mid Cap DWS Invest BRIC Plus DWS Invest Climate Change DWS Invest Japanese Small/Mid Cap For your easy reference, the following is a summary of the changes which will take effect from 1 July Affected s Invest Asian Small/Mid Cap Invest BRIC Plus Invest Climate Change Changes Networking costs for the use of clearing system may be imposed to respective share class of the relevant underlying fund. For DWS Asian Small/Mid Cap, however, the Total Expense Ratio (TER) is capped at the limit set out by CPF Board. Invest Japanese Small/Mid Cap Invest Japanese Small/Mid Cap Invest Climate Change DWS Singapore Small/Mid Cap Increase in limit of investment in derivative positions from no more than 15% of the net asset value of relevant underlying fund to 35%. Amendment to the investment focus of DWS Singapore Small/Mid Cap Kindly refer to the attached notice for more information. e.pdf

3 9. Maturity of OCBC Payout Select 85 II and OCBC Payout Select 100 II Please be informed that above mentioned funds will be maturing on 30 June For unit holders who hold their units in the fund until the maturity date will be entitled to receive 85% or 100% of the capital invested at the maturity date respectively. For more information, please refer to the attached notice from Lion Capital: Changes to Fidelity s Prospectus Please take note of the following changes which will be made to the prospectuses for all Fidelity funds. Flexible Closure in interest of Shareholders The amendment in prospectus will allow any fund or class of funds to be totally or partially closed to all buys, subscriptions or switches-in to either new or all investors with immediate effect and without notice to shareholders if, in the view of the Board of directors, such action is crucial to protect the interests of the or its investors. Fidelity International Change of Corporate Names Please refer to the enclosed schedule on details of the changes. Please note that the change of corporate names will not have any impact on the corporate structure, governance or ownership of Fidelity International Group. Kindly refer to the notice from Fidelity for more details: Change_of_Names.pdf Change of Investment Objective: Fidelity s European High Yield With effect from 1 July 2008, there will be a change of investment objective for the above mentioned fund. The change of investment objective will not affect how the fund is being managed. Rather, it is provided for the purpose of greater clarification of the investment objective for investors. The amended investment objective is as follows: This fund seeks a high level of current income and capital appreciation by investing primarily in highyielding, sub investment grade securities of issuers that have their head office or who exercise a predominant part of their activity in Western, Central and Eastern Europe (including Russia). The type of debt securities in which the fund will primarily invest will be subject to high risk and will not be required to meet a minimum rating standard. Most but not all will be rated for creditworthiness by an internationally recognised rating agency. Sub investment grade securities mean securities with a rating of BB+ or less from S&P or equivalent rating from an internationally recognised rating agency. For more information, please refer to notice from Fidelity: Fidelity_EUR_HY_EUR.pdf

4 12. Change of Investment Objective: DWS Premier Select Trust Please be informed of the proposed change of investment objective and approach of the DWS Premier Select Trust which will take effect on or about 14 July 2008, if uncontested. Currently, the above mentioned fund invests mainly into four underlying funds, which are namely: DWS Singapore Equity DWS Lion Bond DWS Asia Premier Trust DWS Global Equity Focus Presently, the fund is permitted to invest more than 30% of its net asset value (NAV). To improve the fund s performance, the fund seeks to make direct investments and investments in other funds, apart from the underlying funds. Consequentially, the change in investment objective will lead to reduction of the s investments in the four underlying funds as stated above. For more information, please refer to notice from DWS: S_Premier_Select_Trust.pdf 13. Holidays Please take note of the recently added fund holidays. ABN AMRO: UBS: 22-May May Jun-08 ABN AMRO Brazil Equity A USD ABN AMRO L.AM Equity A USD ABN AMRO Eastern Europe Equity A ABN AMRO Europe Equity A EUR ABN AMRO Materials A - EUR ABN AMRO Energy A - USD ABN AMRO Russia Equity A - EUR ABN AMRO Utilities A - EUR UBS Asian Consumption SGD RA Lion Capital: 27-May May-08 Lion Capital Vietnam Lion Capital Vietnam

5 Lion Capital: UOB: 29-May-08 6-Jun-08 9-Jun-08 1-Jul-08 4-Jul Jul-08 Lion Capital Vietnam Lion Capital Asia Infrastructure Lion Capital Aspac Recovery Lion Capital Asia Pacific Lion Capital Aspac Recovery Lion Capital Asia Pacific Lion Capital Asia Infrastructure Lion Capital Multi Income Lion Capital Target Return Lion Capital Vietnam Lion Capital Global Bond United Greater China United Global Internet United International Growth United Global Healthcare United Global Technology United Convertible Bond (SGD) United Japan Growth 14. Rebranding Exercise Lion Capital With effect from 2 June 2008, Lion Capital Management Limited will be known officially as Lion Global Investors Limited. This rebranding exercise will have no disruption to the investment management process and client servicing. The following changes are results of the branding exercise: Change in Names: names will be renamed to reflect the new company name. Please see attached for the list of funds. The fund names will be updated effective on 2 nd of June Marketing materials and brochures: All marketing collaterals will be updated. Please discard all old marketing collaterals (w.e.f. 2 nd of June). Website: Lion Capital s company website will be changed to and will be updated with effect from 2 June Rebranding Exercise HSBC With effect from 2 June 2008, HSBC Investments (Singapore) Limited will be changing its name to HSBC Global Asset Management (Singapore) Limited. The following changes are resulted from the branding exercise:

6 Marketing materials and brochures: All marketing collaterals will be updated. Please discard all old marketing collaterals (w.e.f. 2 nd of June). Website: HSBC s company website will be changed to It will be updated with effect from 2 June Change of Investment Objective Templeton Global Balanced Please be informed that with effect from 14 July 2008, there will be amendments made to the investment objective of the fund, Templeton Global Balanced. Quote from Templeton: The s investment objective is to seek capital appreciation and current income, consistent with prudent investment management, by investing primarily in equity securities and government debt securities issued by entities throughout the world. The Investment Manager anticipates that the majority of the s portfolio will normally be invested in equity or equity-linked securities, including debt or preferred stock convertible or exchangeable into equity securities, selected primarily on the basis of their capital growth potential. The will seek income by investing in fixed or floating rate securities and debt obligations of government, government-related and corporate issuers in countries around the world. The may purchase U.S. Dollar and non-u.s. Dollar denominated equities, fixed income securities and debt obligations. Notwithstanding the foregoing, at no time will the Investment Manager invest more than 40% of the s total net assets into fixed income securities. 17. Change of Investment Objective Templeton Global Bond Please be informed that with effect from 14 July 2008, there will be amendments made to the investment objective of the fund, Templeton Global Balanced. Quote from Templeton: The s principal investment objective is to maximise, consistent with prudent investment management, total investment return consisting of a combination of interest income, capital appreciation and currency gains. The will seek to achieve its objective by investing primarily in a portfolio of fixed or floating rate debt securities and debt obligations of government or government-related issuers worldwide. The may also, in accordance with the investment restrictions, invest in debt securities of corporate issuers, securities or structured products linked to assets or currencies of any nation. The may also purchase debt obligations issued by supranational entities organised or supported by several national governments, such as the International Bank for Reconstruction and Development or the European Investment Bank. The may invest up to 10% of its total net assets in securities in default and up to 25% of its total net assets in certain financial derivative instruments. These financial derivative instruments may include, inter alia, swaps such as credit default swaps or total return swaps, forwards, futures contracts, as well as options on such contracts, including those on government securities, dealt in either on regulated markets or over-the-counter. The may purchase U.S. Dollar and non-u.s. Dollar denominated fixed income securities and debt obligations and may hold equity securities to the extent that such securities result from the conversion or exchange of a preferred stock or debt obligation. Please also note that in addition to the above changes to investment objectives, Franklin Templeton Investment Management Limited will be appointed as a Co-Investment Manager of the Franklin High Yield (Euro), together with Franklin Advisers, Inc.