This site is for financial advisers only, Click here for the consumer site.

Share

Investec Global Bond fund closure details

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Old Mutual International Guernsey Limited
Fund Group Investec Asset Management
Fund Name Investec Global Bond
Type of change Closure
Date fund closed to new business 3 June 2016
Deadline for investors to provide revised fund choice 5 July 2016
Date closure effective from 7 July 2016
Default fund if no revised fund choice provided Cash Deposit (ISA, ISA formerly PEP, CIA)
BlackRock Cash (CRA, CIB, OCIB)
Is the event subject to FCA approval? No
2. Closure details  
Will the phasing/rebalancing options automatically continue with the new fund replacing the closing fund? No
3. Fund objective  
Current fund objective To achieve long-term total return primarily through investment around the globe in highly rated corporate bonds, government and sovereign bonds and public bonds (such as bonds issued by local state and municipal authorities) which are listed or traded on recognised exchanges and in derivatives the underlying assets of which are highly rated corporate bonds, government and sovereign bonds and public bonds (such as bonds issued by local state and municipal authorities).
4. Charging structure  
Bundled Fund  
Current AMC 1.00%
Unbundled Fund  
Current AMC 0.50%


Copy client correspondence

Financial Adviser Verification