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Neptune Africa –U Closure details

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Fund Group Neptune Investment Management
Fund Name Neptune Africa
Type of change Closure
Date fund closed to new business 31 August 2016
Date suspended by Fund Group 21 September 2016
Date closure effective from 4 October 2016
Default fund if no revised fund choice provided Cash Deposit (ISA, ISA formerly PEP, CIA)
BlackRock Cash (CRA, CIB)
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 generate capital growth from investing predominantly in the securities issued by African companies or issued by companies that derive a significant proportion of their income or economic activity from Africa with a view to attaining top quartile performance within the appropriate peer group.
4. Charging structure  
Bundled Fund  
Current AMC 0.75%

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