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Waverton European Capital Growth change detail

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Fund Group Waverton Investment Funds SICAV
Fund Name Waverton European Capital Growth
Type of change Merger
Date merger effective from 22 February 2019
Deadline for investors to switch out if appropriate 14 February 2019
Is the event subject to shareholder approval? Yes
2. Merger details  
Name of the new fund (the fund that the previous fund is being merged into) Waverton European Capital Growth
Will the phasing option automatically continue with the new fund replacing the previous fund? Yes
Will the rebalancing option automatically continue with the new fund replacing the previous fund? No
Will ongoing direct debit payments automatically be redirected into the new fund? Direct debit of 20 February - No
Direct debits from 10 March onwards - Yes
3. Fund objectives  
Previous fund objective To achieve long term growth by investing in a diversified portfolio of European stocks. The fund will mainly invest in mid-large capitalisation securities listed on a recognised stock exchange.
New fund objective To achieve long term growth by investing in a diversified portfolio of European stocks. The fund will mainly invest on a long only basis in large and mid-capitalisation securities listed, traded or dealt on a regulated market, where it is believed the issuer is undervalued.
4. Charging structure  
Bundled Fund  
Previous AMC 1.25%
New AMC 1.25%
Previous TER 1.55%
New TER 1.45%
Previous Reimbursed Amount (Charge Basis 2) 0.50%
New Reimbursed Amount(Charge Basis 2) 0.50%
Unbundled Fund  
Previous AMC 0.60%
New AMC 0.60%
Previous TER 0.86%
New TER 0.80%
Previous Reimbursed Rebate Rate(Charge Basis 3) 0.00%
New Reimbursed Rebate Rate (Charge Basis 3) 0.00%


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