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Objective and policy changes

Name Description Fund Range Effective Date
Baillie Gifford Greater China Name & objective change Old Mutual Wealth Limited and Old Mutual Wealth Life & Pensions Limited 02 May 2019
Old Objective

To produce capital growth over the long term by investing primarily in the shares of companies that are either domiciled, incorporated or conduct a significant portion of their operations in one or more of mainland China, Hong Kong or Taiwan.

New objective

To achieve long term capital growth by investing at least 90% in the shares of, or depositary receipts representing the shares of, Chinese companies.

Chinese companies are companies that have their headquarters or conduct a significant part of their operations in China and may be listed, quoted or traded on any market. Depositary receipts are transferable securities issued by a bank and which represent the shares of a company. Many Chinese companies are available for investment only through depositary receipts.  

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Please note: the fund is also changing it's name.
Royal London Duration Hedged Credit -U Objective & IA Sector Change Old Mutual Wealth Limited & Old Mutual Wealth Life & Pensions Limited 01 May 2019
Old objective

To achieve a positive absolute return over the medium (5 years) to long (7 years) term in all market conditions. The Fund does not offer any element of capital protection or guarantee that this return will be achieved. The fund will be actively managed, with the majority of assets in investment grade corporate bonds across a range of maturities.

New objective

To achieve a positive absolute return over rolling three year periods in all market conditions. The fund does not offer any element of capital protection or guarantee that this return will be achieved.The fund will be actively managed, with the majority of assets in investment grade corporate bonds across a range of maturities.

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Please note: the IA sector will change to IA Targeted Absolute Return.
Sarasin Sterling Bond -U Objective change Old Mutual Wealth Limited and Old Mutual Wealth Life & Pensions Limited 01 May 2019
Current Objective

To achieve an income at a premium to the FTSE Gilts All Stocks Index and to achieve an overall return higher than that index over the medium term. The fund is expected to invest predominantly either directly or indirectly in fixed income assets with the majority invested either directly or indirectly in Pounds Sterling denominated government, corporate, asset-backed, index-linked, convertible and structured bonds.

New Objective

To achieve an income at a premium to the ICE BOAML UK Gilts All Stocks Index and to achieve an overall return higher than the fund’s benchmark of 50% ICE BOAML UK Gilts All Stocks Index and 50% ICE BOAML UK Sterling non-Gilt Index over the medium term. The fund is expected to invest predominantly either directly or indirectly in fixed income assets with the majority invested either directly or indirectly in Pounds Sterling denominated government, corporate, asset-backed, index-linked, convertible and structured bonds.

Threadneedle American Select Objective Change Old Mutual Wealth Life Assurance Limited, Old Mutual International Guernsey Limited, Old Mutual Wealth Limited, and Old Mutual Wealth Life & Pensions Limited 15 Apr 2019
Old objective

To achieve above-average capital growth through investing in companies domiciled in North America or which have significant North American operations. These include smaller and emerging growth companies, those with potential for merger or takeover, those with new management recovery situations and exploration companies. There will be no particular sector specialisation.

New objective

To achieve above average capital growth over the long term by looking to outperform the S&P 500 Index after charges, when measured over rolling 3-year periods. The fund is actively managed and invests at least 75% of its assets in a concentrated portfolio of shares of companies domiciled in the United States of America (US), or which have significant US business operations.

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Please note: there will be no changes to the IA sector, TW sector or Fund Type for Illustrations.
HSBC Balanced Objective change Old Mutual Wealth Limited, Old Mutual Wealth Life & Pensions Limited and Old Mutual International Guernsey Limited 25 Mar 2019
Old objective

To obtain capital growth in the longer term together with income by investing in a diverse portfolio of equities and bonds in the UK and overseas, together with money market instruments.

New objective

To obtain capital growth in the longer term together with income by investing in a range of asset classes including equities, bonds, fixed interest securities, alternative asset classes and derivatives.

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Jupiter Monthly Income Name, investment objective & policy and the IA sector change Old Mutual Wealth Limited, Old Mutual Wealth Life & Pensions Limited & Old Mutual International Guernsey Limited 19 Mar 2019
Old objective

To achieve a high level of sustainable income with prospects of capital growth by investing principally in the UK, principally in equities via various classes of investment trust securities, with some exposure to fixed interest securities.

New objective

To achieve a high level of sustainable income with prospects of capital growth by investing at least 70% of its Net Asset Value in UK- listed closed-ended funds including investment trusts.

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Please note: the fund is also changing the name and the IA sector. The ‘TW Sector’ and ‘Fund Type for Illustrations’ will not change.
M&G (Various) Objective change Old Mutual Wealth Limited, Old Mutual Wealth Life & Pensions Limited, Old Mutual International Guernsey Limited & Old Mutual Wealth Life Assurance Limited 01 Mar 2019
For information:Orange arrowview change details.
AXA Framlington Financial Objective and Investment Policy change Old Mutual Wealth Limited, Old Mutual Wealth Life & Pensions Limited, Old Mutual International Guernsey Limited & Old Mutual Wealth Life Assurance Limited 12 Feb 2019
Old objective

The aim of this Fund is to provide long-term capital growth. The Fund invests in shares of listed companies, principally in the financial services sector (e.g. banks, insurance companies and investment related companies), which the Manager believes will provide above-average returns. The Fund invests in companies of any size and based anywhere in the world.

New objective

The aim of this Fund is to provide long-term capital growth. The Fund invests in shares of listed companies, principally companies providing financial services (e.g. banking, insurance, payment and investment related solutions) and companies providing technological applications throughout the financial services supply chain. The Fund invests in companies of any size and based anywhere in the world.

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Please note: the fund is also changing it's name to AXA Framlington FinTech.
Allianz various Objective change Old Mutual Wealth Limited and Old Mutual Wealth Life & Pensions Limited 07 Feb 2019
Old Objective

Allianz RiskMaster Conservative Multi Asset -U

To achieve long term capital growth by maintaining a balance between investments which are considered lower to medium risk and those which are considered higher risk.

Allianz RiskMaster Growth Multi Asset -U

To achieve long term capital growth by investing in investments which are considered higher risk but may, on an ancillary basis, invest in investment considered lower to medium risk.

Allianz RiskMaster Moderate Multi Asset -U

To achieve long term capital growth by maintaining a bias towards investments which are considered higher risk but may invest, to lesser degree, in investments considered lower to medium risk.

New Objective

Allianz RiskMaster Conservative Multi Asset -U

To achieve long term capital growth. The level of risk is expected to be approximately 50% of the volatility of global equities defined as the MSCI World Index GBP, based on monthly data over a rolling 5 year period. This volatility level may fluctuate in the short term, and this target is not guaranteed.

Allianz RiskMaster Growth Multi Asset -U

To achieve long term capital growth. The level of risk is expected to be approximately 80% of the volatility of global equities defined as the MSCI World Index GBP, based on monthly data over a rolling 5 year period. This volatility level may fluctuate in the short term, and this target is not guaranteed.

Allianz RiskMaster Moderate Multi Asset -U

To achieve long term capital growth. The level of risk is expected to be approximately 65% of the volatility of global equities defined as the MSCI World Index GBP, based on monthly data over a rolling 5 year period. This volatility level may fluctuate in the short term, and this target is not guaranteed.

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Please note: there will be no changes to the IA sector, TW sector or Fund Type for Illustrations.
Quilter Investors Equity 2 Investment Objective Change Old Mutual Wealth Life Assurance Limited, Old Mutual International Guernsey Limited, Old Mutual Wealth Limited, and Old Mutual Wealth Life & Pensions Limited 04 Feb 2019
Old Objective

To provide long term total return from capital growth and income in a portfolio of predominantly UK equities.

New Objective

To achieve a combination of income and capital growth by primarily investing, directly and indirectly, in shares of UK companies

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Please note: there will be no changes to the IA sector, TW sector or the Fund Type for Illustrations.
LF Prudential Dynamic (Various) Name, Objective and AMC change Old Mutual Wealth Limited and Old Mutual Wealth Life & Pensions Limited 21 Jan 2019
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Please note: the fund is also changing it's Name and Annual Management Charge.
For information:Orange arrowview change details.
LF Prudential Dynamic Focused Portfolio (Various) Name, Objective and AMC change Old Mutual Wealth Limited and Old Mutual Wealth Life & Pensions Limited 21 Jan 2019
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Please note: the fund is also changing it's Name and Annual Management Charge.
For information:Orange arrowview change detail.
Aviva Investors UK Equity & Aviva Investors UK Opportunities Name and objective change Old Mutual Wealth Limited, Old Mutual Wealth Life & Pensions Limited and Old Mutual International Guernsey Limited 02 Jan 2019
Old objective

Aviva Investors UK Equity: Long term capital appreciation and income.

Aviva Investors UK Opportunities: Long term capital appreciation and income.

New objective

Aviva Investors UK Equity:

The Fund aims to grow your investment through a combination of capital growth and income over the long term (5 years or more) by investing in shares of UK companies.

Aviva Investors UK Opportunities:

The Fund aims to grow your investment and generate a higher return than the FTSE All-Share Index over the long term (5 years or more) by investing in shares of UK companies.

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Please note: the funds are also changing their names to Aviva Investors UK Listed Equity Unconstrained & Aviva Investors UK Listed Equity High Alpha.
Aviva Investors UK Growth (-U) Name & Objective Change Old Mutual Wealth Limited, Old Mutual Wealth Life & Pensions Limited and Old Mutual International Guernsey Limited 02 Jan 2019
Old Objective

To provide long-term capital appreciation through investment principally in UK equities based on price and prospects of above average earnings growth.

New Objective

To grow your investment over the long term (5 years or more) by investing in shares of small and medium sized UK companies. At least 80% of the fund will be invested in shares of UK companies, or non-UK companies, which are listed in the UK or which have significant trading activities in the UK.

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Please note: the fund is also changing its name to Aviva Investors UK Listed Small and Mid-Cap (-U).
Schroder UK Alpha Plus Objective change Old Mutual Wealth Limited, Old Mutual Wealth Life & Pensions Limited, Old Mutual International Guernsey Limited and Old Mutual Wealth Life Assurance Limited 02 Jan 2019
Current Objective

The Fund aims to provide capital growth by investing in equity and equity related securities of UK Companies.

New Objective

The Fund aims to provide capital growth in excess of the FTSE All Share Total Return index (net of fees) over the market cycle (typically three to five years) by investing in equity and equity related securities of UK companies.

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Please note: there will be no changes to the IA sector, TW sector or the Fund Type for Illustrations.
Unicorn Asset Management (various funds) Objective changes Old Mutual International Guernsey Limited, Old Mutual Wealth Limited, and Old Mutual Wealth Life & Pensions Limited 27 Dec 2018
For information:Orange arrowview change details
Legg Mason IF Martin Currie European Equity Income Name & objective change Old Mutual Wealth Limited, Old Mutual Wealth Life & Pensions Limited, Old Mutual International Guernsey Limited and Old Mutual Wealth Life Assurance Limited 17 Dec 2018
Old objective

To provide an annual yield in excess of the MSCI Europe (ex UK) Index (Net) as well as the potential for capital growth through investment in Continental Europe, by investing at least 80% of its net asset value in securities of companies listed in Continental Europe.

New objective

To provide long-term capital appreciation through investment in a concentrated portfolio comprised of at least 80% of its net asset value in European (excluding UK) equities.

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Please note: there will be no change to the IA sector, TW sector or Fund Type for Illustrations.
JPM US Smaller Companies (-U) Name, Investment Objective & Policy Changes Old Mutual Wealth Limited, Old Mutual Wealth Life & Pensions Limited and Old Mutual International Guernsey Limited 10 Dec 2018
Old objective

To provide long-term capital growth by investing primarily in US smaller companies.

New objective

To provide long-term capital growth by investing primarily in a growth style biased portfolio of small capitalisation US companies.

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Please note: there will be no change to the IA sector, TW sector or Fund Type for Illustrations.
Unicorn UK Smaller Companies -U Objective change Old Mutual Wealth Limited, and Old Mutual Wealth Life & Pensions Limited 26 Nov 2018
Old Objective

To achieve long-term capital growth by investing predominantly in shares in smaller UK companies where a smaller company is defined as a constituent of the Numis Smaller Companies Index.

New Objective

To achieve long- term capital growth by investing primarily in UK companies included within the UK Numis Smaller Companies plus AIM Index.

 

Artemis Strategic Assets Objective and Policy change Old Mutual Wealth Limited, Old Mutual Wealth Life & Pensions Limited, Old Mutual International Guernsey Limited and Old Mutual Wealth Life Assurance Limited 12 Nov 2018
Old Objective

To achieve long-term growth through investment in a portfolio of UK and international assets.

New Objective

To grow the value of investment by at least 3% above the Consumer Price Index (CPI) after fees, annualised over a five year period by strategically allocating the fund’s assets within a diversified range of asset classes in markets around the world.

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Please note: there will be no changes to the IMA sector, TW sector or the Fund Type for Illustrations.
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