Notification of change to the underlying fund of DWS Invest Global Agribusiness
31 Mar 2025
- R12 - DWS Invest Global Agribusiness
- Z18 - DWS Invest Global Agribusiness *
(Together the “Affected Mirror Funds”)
We have been notified by DWS Invest (the “Company”) of changes to the underlying fund of the Affected Mirror Funds. These changes will take effect from 25 April 2025 (the “Effective Date”).
Background
The Company has advised that it is making a number of amendments to the prospectus of the underlying fund of the Affected Mirror Funds for clarity and consistency, as well as compliance with new guidelines published by the European Securities and Markets Authority (“ESMA”) regarding environmental, social and governance (“ESG”) or sustainability related terms.
Updates to underlying fund prospectus
From the Effective Date, the ESG assessment methodology in the pre-contractual information section of the prospectus of the underlying fund of the Affected Mirror Funds will be updated. This is to ensure a consistent and coherent methodology for assessing potential assets in relation to the EU’s Sustainable Finance Disclosure Regulation (“SFDR”) classifications.
Please refer to the Appendix opposite for details of the updated ESG assessment methodology. Updated Pre-Contractual Disclosure document will be made available as part of the underlying fund prospectus following the Effective Date.
In accordance and to be aligned with ESMA guideline requirements, a dedicated disclaimer will be added to the investment policy of the underlying fund of the Affected Mirror Funds within the fund prospectus. The disclaimer will note that the investment strategy and/or restrictions of a target fund - an underlying fund within a fund of funds investment – may deviate from the respective investment strategy and restrictions of the underlying fund of 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.
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*Fund applicable to Hong Kong Offshore designated policyholders - These are policyholders who did not sign their FPIL policy application in Hong Kong, however, their policy was processed through our Hong Kong branch. They can invest in SFC and non SFC-authorised funds.
