Changes to the underling fund of L28 Schroder Gold & Precious Metals
15 June 2016
We have been notified by Schroders that the Schroder International Selection Fund – Global Gold and Precious Metals into which L28 Schroder Gold & Precious Metals invests, will be merging into the Schroder International Selection Fund – Global Gold Fund.
The changes are summarised below:
- Fund merger of the underlying fund, effective 29 June 2016.
- Non Dealing/Suspension, 22 June 2016 to 01 July 2016, to facilitate the merger.
- Name Change, effective 29 June 2016.
- The resulting underlying fund has a different Investment Objective & Policy, effective 29 June 2016.
To facilitate the merger, dealing on both the underlying funds and L28 Schroder Gold & Precious Metals will be temporarily suspended from 22 June to 01 July 2016. Please note that instructions received for L28 Schroder Gold & Precious Metals after the cut off time on Monday 20 June 2016 will not transact until the next available dealing date of Monday 04 July 2016.
The underlying fund name is changing and therefore the Friends Provident International fund name will also change with effect from the same date, which is detailed in the table below:
| Fund name and code before 29 June 2016 | Fund name and code from 29 June 2016 |
|---|---|
| L28 Schroder Gold & Precious Metals | L28 Schroder Global Gold |
Further information can be found in the client letter, which has been sent out to policyholders invested in this fund.
Should you have any questions regarding these changes, please contact International Funds & Investments.