Notification of change to underlying fund of GAM Star Global Flexible
23 Apr 2025
- S129 GAM Star Global Flexible (EUR)
- Z32 GAM Star Global Flexible (EUR)*
- S127 GAM Star Global Flexible (GBP)
- Z33 GAM Star Global Flexible (GBP)*
- S128 GAM Star Global Flexible (USD)
- Z34 GAM Star Global Flexible (USD)*
(Together the “Affected Mirror Funds”)
We have been notified by GAM Star Fund p.l.c (the “Company”) of changes to the underlying fund of the Affected Mirror Funds. The change will take effect 14 May 2025 (the “Effective Date”).
Update to Investment Policy
From the Effective Date the underlying fund of the Affected Mirror Funds will be amending its investment policy to provide that 0-100% of the net asset value may be exposed to equity or equity related securities, as opposed to 40-85% currently.
The Company believes that the change allows correlation with the cautious/moderate/aggressive strategy of each sub-fund in the GAM Star Global range of products and improves the underlying fund of the Affected Mirror Funds standing relative to GAM’s peers which have a ‘flexible’ strategy and which have no constraints and offer flexibility in terms of equity exposure.
The Company states that the change is not considered material and does not have any impact on either the risk and reward profile or the fees and charges of the underlying fund to the Affected Mirror Funds.
These changes will take effect automatically and policyholders do not need to take any action. 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.
*Fund applicable to Hong Kong designated policyholders.
