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Schroder European Absolute Target name change details

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Old Mutual International Guernsey Limited
Fund Group Schroder Unit Trusts Ltd
Fund Name Schroder European Absolute Target
Type of change Name & objective change
Date change effective from 01 October 2016
Is the event subject to shareholder approval? No
2. Name change details  
Previous fund name Schroder European Absolute Target
New fund name Schroder European Equity Absolute Return
3. Fund objectives  
Previous fund objective To achieve positive returns (greater than zero) over a rolling three year period in all market conditions by investing directly or indirectly through derivatives in the shares of large and medium sized companies that have their registered office in Europe, or derive a significant proportion of their revenue from, or are predominantly operating from within this geographic region.  
New fund objective To achieve an absolute return by investing in equity and equity related securities of European companies. Absolute return means the Fund seeks to provide a positive return over rolling 12-month periods in all market conditions, but this cannot be guaranteed and your capital is at risk. Invests at least 80% of its assets directly, or indirectly through derivatives, in equity and equity related securities of medium and large sized European companies that are headquartered in Europe, or who have material or critical operations within, or derive a significant proportion of their revenue or profits from, Europe.

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