Fund Announcement: 18 March Contents:

Transcription

1 Fund Announcement: 18 March 2016 Contents: 1. Pricing Error Aberdeen China Opportunities Fund 2. BNP Paribas A Fund Extraordinary General Meeting of Shareholders 3. Annual General Meeting of Deutsche Invest I, SICAV 4. Deutsche Invest I SICAV Notice to Shareholders 5. Deutsche Premier Investments Funds Notice of Changes to the Fund 6. Deutsche Premier Select Trust Notice of Change of Name of Deutsche Asset & Wealth Management Investment GmbH 7. Eastspring Investment Changes in the Singapore Prospectus of the SICAV 8. Eastspring Investments Unit Trusts Asian Balanced Fund: Proposed Change to the Underlying Equity Fund of the Fund and Notice of Extraordinary General Meeting 9. Liquidation of JPMorgan Funds Asia Local Currency Debt Fund 10. JPMorgan Funds Global Natural Resources Fund 11. PARVEST Extraordinary General Meeting of Shareholders 12. PARVEST Notice to Shareholders 13. PineBridge Global Funds Notice of Changes to the Fund and Sub-Funds 14. Notice to the Shareholders of the Threadneedle (Lux) - 1 -

2 Date of Memo: 18 March Pricing Error Aberdeen China Opportunities Fund (the Sub-Fund ) We have been notified by Aberdeen that errors have occurred in the pricing of the Aberdeen Global Chinese Equity Fund, the underlying fund of the Sub-Fund. Valuations of the Sub-Fund for the period of 8 to 25 January 2016 were consequently overstated. As a result, unitholders who had subscribed to the Sub-Fund from 8 to 25 January 2016 received lesser units. Investors who had subscribed from 8 to 25 January 2016 will be reimbursed based on the difference between the originally published and the revised NAVs on the relevant day of transaction with additional units. The additional units will be transferred to your account on 4 March Investors who have redeemed from 8 to 25 January 2016 would have received a higher payment proceeds. No action will be taken to adjust and claim the difference. The originally published and the revised Net Asset Values for the Sub-Fund ( NAVs ) are stated below: Date Original NAV SGD Share Class Revised NAV 08-Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan The cost of compensation exercise will be borne by the Manager, and not by unitholders of the Sub-Fund. For more information, please refer to the attached notification. China Opp (1.3.16).pdf 2. BNP Paribas A Fund Extraordinary General Meeting of Shareholders The Extraordinary General Meeting (EGM) of the Shareholders will be held on 22 March 2016, 11:00 a.m (CET) at the office of BNP Paribas Investment Partners Luxembourg, building H2O, block A, ground floor, 33 rue de Gasperich, L-5826 Hesperange, Grand Duchy of Luxembourg. We have enclosed a copy of the EGM notification together with the following document for your action: - 2 -

3 (1) Proxy Form Hence, please reply to 9 March 2016 and indicate clearly if you would like to vote FOR or AGAINST the resolutions. We will then vote on the resolution on your behalf. If we do not receive your instructions by the stipulated date, we will abstain from casting your vote. All voting instructions received are irrevocable. For more information, please refer to the attached notification. EGM (2.3.16).pdf 3. Annual General Meeting of Deutsche Invest I, SICAV (the Company ) The Annual General Meeting (AGM) of the Company will be held on 27 April 2016, a.m (Luxembourg time) at the company s business premises. We have enclosed a copy of the AGM notification together with the following documents for your action: (1) Proxy Form Hence, please reply to clienthelp@fundsupermart.com by 14 April 2016 and indicate clearly if you would like to vote FOR or AGAINST the resolutions. We will then vote on the resolution on your behalf. If we do not receive your instructions by the stipulated date, we will abstain from casting your vote. All voting instructions received are irrevocable. For more information, please refer to the attached notification. SICAV AGM (3.3.16).pdf 4. Deutsche Invest I SICAV (the Fund ) Notice to Shareholders - Deutsche Invest I Emerging Markets Corporates - Deutsche Invest I Emerging Markets Satellites - Deutsche Invest I Euro High Yield Corporates - Deutsche Invest I Global Infrastructure - Deutsche Invest I Multi Opportunities - Deutsche Invest I Top Dividend - Deutsche Invest I Top Euroland (each a Sub-Fund, and collective, the Sub-Funds ) We have been informed by Deutsche on the following changes that will affect the Sub-Funds: Changes with effect from 17 March The management company of the Fund, Deutsche Asset & Wealth Management Investment S.A. will be renamed Deutsche Asset Management S.A. and the fund manager of the Fund, Deutsche Asset & Wealth Management Investment GmbH will be renamed Deutsche Asset Management Investment GmbH

4 Changes with effect from 31 March The investment policy of the Sub-Funds will now clarify that each of them may invest up to 10% of the Sub-Fund s net assets into contingent convertible bonds - Change of benchmark of Deutsche Invest I Emerging Markets Satellites - Change of VaR approach for Deutsche Invest I Multi Opportunities SICAV ( ).pdf 5. Deutsche Premier Investments Funds (the Fund ) Notice of Changes to the Fund - Deutsche India Equity Fund - Deutsche Asian Small/Mid Cap Fund (collectively, the Sub-Funds ) We have been informed by Deutsche on the following changes that will affect the Sub-Funds: 1. Change of portfolio manager of Deutsche Asian Small/Mid Cap Fund With immediate effect, Marco Ravagli has replaced Peter Galgay as the portfolio manager of Deutsche Asian Small Mid/Cap Fund. Mr Ravagli is also the portfolio manager of Deutsche India Equity Fund. 2. Change of name of Deutsche Asset & Wealth Management Investment S.A. With effect from 17 March 2016, Deutsche Asset & Wealth Management Investment S.A., the management company of the underlying fund of Deutsche Asian Small/Mid Cap Fund, Deutsche Invest I Asian Small/Mid Cap (the Underlying Fund ) will be renamed Deutsche Asset Management S.A.. 3. Change of name of Deutsche Asset & Wealth Management Investment GmbH With effect from 17 March 2016, Deutsche Asset & Wealth Management Investment GmbH, the submanager of Deutsche India Equity Fund, and one of the fund manager of the Underlying Fund will be renamed Deutsche Asset Management GmbH. 4. Change of one of the fund managers of the Underlying Fund Currently, both Deutsche Asset & Wealth Management Investment GmbH and Deutsche Asset Management (Asia) Limited are appointed as fund managers of the Underlying Fund. With effect from 31 March 2016, Deutsche Asset Management (Hong Kong) Limited will replace Deutsche Asset Management (Asia) Limited. ( ).pdf - 4 -

5 6. Deutsche Premier Select Trust (the Trust ) Notice of Change of Name of Deutsche Asset & Wealth Management Investment GmbH We have been informed by Deutsche Asset Management (Asia) Limited (the Managers ), the managers of the Trust that with effect from 17 March 2016, Deutsche Asset & Wealth Management Investment GmbH will be renamed Deutsche Asset Management Investment GmbH. Currently, Deutsche Asset & Wealth Management Investment GmbH is appointed as the sub-manager of the Trust, and as the manager of DWS Global Equity Focus Fund, an underlying fund of the Trust. ( ).pdf 7. Eastspring Investment Changes in the Singapore Prospectus of the SICAV We have been informed by Eastspring Investments on the below changes to the prospectus of the SICAV: (a) Clarification that the SICAV does not enter into securities lending transactions, the alignment of the provisions on mergers, liquidations and reorganisation with the provisions of the Luxembourg law of 17 December 2010 relating to undertakings for collective investment, the insertion of a section on common reporting standard and regulatory updates reflecting new developments with regards to the Foreign Account Tax Compliance Act, the EU Savings Directive and the UCITS V Directive (b) Changes to the Prospectus with effect from 1 April 2016: Insertion of a price adjustment policy ( swing pricing ) to mitigate the effect of dilution caused by shareholders activity The possibility to satisfy payment of the redemption price in whole or in part in-kind The option to create a Sub-Fund as a master UCITS sub-fund Affected unit holders are offered the following options: Option 1 Redemption of existing units From now till 31 March 2016, 3pm, clients may redeem their units in the Fund at the prevailing NAV. No realization charge will be imposed in respect of such realization. Option 2 Hold Clients may continue to hold existing units in the Fund. No action is required of you. For more information, kindly refer to the attached notifications. SICAV ( ).pdf Cover Letter.pdf - 5 -

6 8. Eastspring Investments Unit Trusts Asian Balanced Fund (the Fund): Proposed Change to the Underlying Equity Fund of the Fund and Notice of Extraordinary General Meeting The Extraordinary General Meeting (EGM) of the shareholders of the Fund will be held on 22 March 2016, 3 p.m (Singapore Time), at 10 Marina Boulevard, #32-01 Marina Bay Financial Centre Tower 2, Singapore to propose the change to the underlying equity fund of the Fund. Rationale for the proposed change to the underlying equity fund of the Fund The Fund, which is organised as a feeder fund domiciled in Singapore, feeds into the Luxembourg domiciled Eastspring Investments Asian Equity Fund for its equity participation ( Current Underlying Equity Fund ) and into the Luxembourg domiciled Eastspring Investments US High Investment Grade Bond Fund and Eastspring Investments US Investment Grade Bond Fund for its bond participation. The Fund is included under the CPF Investment Scheme ( CPFIS ). With effect from 31 May 2016, the Current Underlying Equity Fund will no longer meet the criteria set by the CPF Board. As a result, the Fund will not be able to remain included under CPFIS and receive new subscriptions using CPF monies if the Fund continues to feed into the Current Underlying Equity Fund for its equity participation. In order to allow the Fund to remain included under CPFIS and remain open to subscriptions using CPF monies, Eastspring is proposing to replace the Current Underlying Equity Fund with the Luxembourg domiciled Eastspring Investments Asian Equity Income Fund for the Fund s equity participation. We have enclosed a copy of the EGM notifications together with the following documents for your action: (1) Proxy Form Hence, please reply to clienthelp@fundsupermart.com by 16 March 2016 and indicate clearly if you would like to vote FOR or AGAINST the resolutions. We will then vote on the resolution on your behalf. If we do not receive your instructions by the stipulated date, we will abstain from casting your vote. All voting instructions received are irrevocable. For more information, please refer to the attached notifications. Asian Bal (1.3.16).pdf 9. Liquidation of JPMorgan Funds Asia Local Currency Debt Fund (the Sub-Fund ) We have been informed that the Board of Directors (the "Board") of JPMorgan Funds (the "Fund") has decided to liquidate the Sub-Fund with effect from 8 April The Board has taken this decision because the size of the Sub-Fund is relatively small and the Board does not see strong prospects for future growth. The Board therefore believes it is not in the best interest of shareholders to continue with the Sub-Fund to operate in an economically efficient manner, according to article 21 of the consolidated articles of incorporation of the Fund dated 16 February As at 31 January 2016, the size of the Sub-Fund was approximately USD 22.0 million and the total expense ratio was approximately 1.0%. The total expense ratio represents the annual management and advisory fee plus operating and administrative expenses as a percentage of the Sub-Fund s average net asset value. Please take note of the following timelines: - 6 -

7 - Sell/Switch Sell will be available until 8 April 2016, 3pm Affected unit holders are offered the following options: Option 1 Switching of existing units Clients may switch to another fund that is available on our website for free from now till 8 April 2016, 3pm. Option 2 Redemption of existing units From now till 8 April 2016, 3pm, clients may redeem their units in the Sub-Fund at the prevailing NAV. No realization charge will be imposed in respect of such realization. Option 3 Hold Clients may continue to hold existing units in the Sub-Fund until the liquidation date on 8 April The termination proceeds will be paid to you as soon as reasonably practicable after the Sub-Fund liquidation, and will be credited into client s USD Cash Account. Cost of liquidation will be borne by the Management Company (JPMorgan Asset Management (Europe) S.à r.l.). There are no unamortised preliminary expenses in relation to the Sub-Fund. (2.3.16).pdf 10. JPMorgan Funds Global Natural Resources Fund (the Sub-Fund ) We have been informed that with effect from 4 January 2016, the benchmark of the Sub-Fund was changed from Euromoney Global Gold, Mining & Energy Index (Total Return Net) to Euromoney Global Mining & Energy Index (Total Return Net). The new benchmark is a more accurate representation of the investible universe of the Sub-Fund. The benchmark will be updated in the Sub-Fund s investment objective, policy and Strategy in the Singapore Offering Document of JPMorgan Funds. This update does not alter the investment objective and policy of the Sub-Fund, and does not materially prejudice the rights or interests of shareholders of the Sub-Fund. There is no change to the fees and expenses payable by the Sub-Fund and/or the shareholders. For more information, please refer to the attached notification. GNR (2.3.16).pdf 11. PARVEST Extraordinary General Meeting of Shareholders The Extraordinary General Meeting (EGM) of the Shareholders will be held on 22 March 2016, 10:00 a.m (CET) at the office of BNP Paribas Investment Partners Luxembourg, building H2O, block A, ground floor, 33 rue de Gasperich, L-5826 Hesperange, Grand Duchy of Luxembourg. We have enclosed a copy of the EGM notification together with the following document for your action: (1) Proxy Form - 7 -

8 Hence, please reply to by 9 March 2016 and indicate clearly if you would like to vote FOR or AGAINST the resolutions. We will then vote on the resolution on your behalf. If we do not receive your instructions by the stipulated date, we will abstain from casting your vote. All voting instructions received are irrevocable. For more information, please refer to the attached notification. EGM (2.3.16).pdf 12. PARVEST Notice to Shareholders We have been informed that the following changes will be incorporated in the next version of the prospectus dated April 2016 and will be effect on 25 April 2016: The registered office of the Company and its Management Company will be transferred as of 25 April 2016 at 10 rue Edward Steichen, L 2540 Luxembourg. Physical Bearer Shares were cancelled on 18 February 2016 further to the Luxembourg law of 28 July The sub-funds Bond Best Selection World Emerging, Bond World Emerging Local, Equity Europe Emerging, Equity World Emerging Greece is added to the list of emerging countries. The sub-fund Equity Best Selection Europe Change of geographical horizon: Europe is replaced by EEA countries, other than non cooperative countries in the fight against fraud and tax evasion. The sub-fund Equity High Dividend Europe The asset manager propose giving to this sub-fund a more environmental and social responsible orientation, thus the sub-fund will be renamed Sustainable Equity High Dividend Europe and its investment policy will be updated. Other updates. (2.3.16).pdf 13. PineBridge Global Funds (the Fund ) Notice of Changes to the Fund and Sub-Funds - PineBridge Asia Ex Japan Equity Fund - PineBridge Asia Ex Japan Small Cap Equity Fund - PineBridge Emerging Europe Equity Fund - PineBridge Global Dynamic Asset Allocation Fund - PineBridge Global Emerging Markets Local Currency Bond Fund - PineBridge India Equity Fund - PineBridge Latin America Equity Fund - PineBridge Strategic Bond Fund - PineBridge US Large Cap Research Enhanced Fund (each a Sub-Fund, and collectively, the Sub-Funds ) - 8 -

9 We have been informed by PineBridge on the below changes that will become effective on 22 March 2016 (the Effective Date ), unless otherwise specified in the Notice: (1) Change of references to the MICEX stock exchange and the MICEX-RTS stock exchange - PineBridge Emerging Europe Equity Fund - PineBridge Global Dynamic Asset Allocation Fund - PineBridge Global Emerging Market Local Currency Bond Fund (2) Clarification on use of FDI to take synthetic short positions - PineBridge Global Dynamic Asset Allocation Fund - PineBridge Global Emerging Markets Local Currency Bond Fund (3) Renaming of Class A5 to A5CP and the subscription conditions for this unit class will be amended. A new Class A5 will be added to the Supplement unit Description Table - PineBridge India Equity Fund - PineBridge US Large Cap Research Enhanced Fund Current Sub-Fund Name PineBridge India Equity A5 SGD PineBridge US Large Cap Research Enh A5 SGD New Sub-Fund Name PineBridge India Equity A5CP SGD PineBridge US Large Cap Research Enh A5CP SGD (4) Lower management fee for Class A5 (to be renamed as Class A5CP with effect from the Effective Date) from 1.30% to 1.00% with effect from 1 January PineBridge India Equity Fund (5) Additional Risk Disclosure PineBridge Asia ex Japan Small Cap Equity Fund (6) Change of benchmark - PineBridge Asia Balanced Fund with effect from 1 June PineBridge Asia ex Japan Small Cap Equity Fund with effect from 1 January PineBridge Latin America Equity Fund (7) Amendment to investment restrictions PineBridge Global Dynamic Asset Allocation (8) Other changes In the opinion of the Manager, the proposed changes are in the best interests of the Unitholders of the Fund. The legal and administrative costs of drafting and implementing the proposed changes will be borne by the Fund. There will be no change in the fee structure of the Sub-Funds. Affected unit holders are offered the following options: Option 1 Redemption of existing units From now till 18 March 2016, 3pm, clients may redeem their units in the Fund at the prevailing NAV. No realization charge will be imposed in respect of such realization. For CPF and SRS clients, the redemption proceeds will be paid to your Investment Account held with your CPF/SRS Agent Bank as soon as practicably reasonable. Option 2 Switching of existing units Clients may switch to another fund that is available on our website for free from now till 18 March 2016, 3pm

10 If clients have invested in the Fund using CPF Ordinary Account or Supplementary Retirement Scheme ( SRS ) monies, clients may only switch into other Funds that are included in the CPF Investment Scheme ( CPFIS ) for the Ordinary Account or accept SRS monies respectively. Option 3 Hold Clients may continue to hold existing units in the Fund. No action is required of you. ( ).pdf 14. Notice to the Shareholders of the Threadneedle (Lux) (the SICAV ) We have been informed by Threadneedle (Lux) on the below changes in the SICAV, which will be effective from 31 March The board of directors of the SICAV has been informed by Threadneedle Management Luxembourg S.A., the SICAV s management company, that Threadneedle Asset Management Limited will be able to delegate the discretionary investment advice for part of the assets of the following Portfolios to other companies within the Ameriprise Financial, Inc. group of companies: Threadneedle (Lux) Emerging Market Corporate Bonds Threadneedle (Lux) Emerging Market Debt Threadneedle (Lux) Emerging Market Markets Short-Term Bonds The possibility for Threadneedle Asset Management Limited to appoint delegates aims at fully utilising the investment management expertise in place across the Ameriprise Financial, Inc. group of companies. Threadneedle Asset Management Limited will pay for the services of any of its delegates out of its own assets. Affected unit holders are offered the following options: Option 1 Redemption of existing units From now till 31 March 2016, 3pm, clients may redeem their units in the Fund at the prevailing NAV. No realization charge will be imposed in respect of such realization. For SRS clients, the redemption proceeds will be paid to your Investment Account held with your SRS Agent Bank as soon as practicably reasonable. Option 2 Switching of existing units Clients may switch to another fund that is available on our website for free from now till 31 March 2016, 3pm. If clients have invested in the Fund using Supplementary Retirement Scheme ( SRS ) monies, clients may only switch into other Funds that are accept SRS monies. Option 3 Hold Clients may continue to hold existing units in the Fund. No action is required of you

11 For more information, please refer to the attached notification. Fair Dealing ifast is committed to sustainable business practices that are supported by a range of initiatives. For ifast, fair dealing is about conducting our business in a transparent and ethical way that enhances value for all of our stakeholders and delivers fair dealing outcomes to our customers. Fair dealing is central to ifast and the senior management and the board of ifast are committed to aligning the direction of ifast with fair dealing outcomes to all stakeholders. We recognise that this is a journey and best practice is continuously evolving