Share
Print
Print Share

Objective and policy changes

Name Description Fund Range Effective Date
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.

Exclamation
Please note: there will be no change to the IA sector, TW sector or Fund Type for Illustrations.
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.

Exclamation
Please note: there will be no changes to the IMA sector, TW sector or the Fund Type for Illustrations.
The Vanbrugh Fund -U Name and objective change Old Mutual Wealth Limited and Old Mutual Wealth Life & Pensions Limited 09 Nov 2018
Old objective

To provide capital growth and income. The fund’s portfolio will consist primarily of a diversified range of open and closed ended funds, although significant exposure to other investments such as fixed interest securities are expected to be included in the portfolio from time to time. The portfolio will be actively managed, with the Investment Manager seeking to take advantage of inefficiencies in the pricing of closed ended funds and significant movements in financial markets.

New objective

To provide capital growth and income. The fund’s portfolio will consist primarily of a diversified range of open and closed ended funds which will be actively managed, with the Investment Manager seeking to take advantage of inefficiencies in the pricing of closed ended funds and significant movements in financial markets.

Through its investments in these collectives, the portfolio will be exposed to a range of asset classes (such as equities, bonds, property and commodities), underlying currencies, geographic spread and funds managed by a variety of fund management groups and style of investment manager.

Architas MA Active (Various) Objective change Old Mutual Wealth Limited and Old Mutual Wealth Life & Pensions Limited 01 Nov 2018
Exclamation
Please note: there will be no change to the IA sector, TW sector or Fund Type for Illustrations.
For information:Orange arrowview change details.
Baillie Gifford Active Gilt Plus Name, Objective and AMC change Old Mutual Wealth Limited, Old Mutual Wealth Life & Pensions Limited and Old Mutual International Guernsey Limited 01 Nov 2018
Old Objective

To produce a total return, before charges and expenses payable out of the fund, in excess of the total return on the FTSE Actuaries UK Conventional Gilts All Stocks Index, or any successor or substitute index, by 1.5% per annum over rolling 3-year periods. There is no guarantee that a positive return will be achieved over rolling 3-year periods or any time period and capital may be at risk. The fund will invest primarily in: UK government bond, overseas government bonds and quasi-government bonds, some of which may be issued by developing countries.

New objective

To produce a total return, before charges and expenses payable out of the fund, in excess of the total return on the FTSE Actuaries UK Conventional Gilts All Stocks Index, or any successor or substitute index, by 0.5% per annum over rolling 3-year periods. There is no guarantee that a positive return will be achieved over rolling 3-year periods or any time period and capital may be at risk. The fund will invest primarily in: UK government bonds and may also invest in: overseas government bonds and quasi-government bonds.

Legal & General Objective & Policy Change Old Mutual Wealth Limited and Old Mutual Wealth Life & Pensions Limited 01 Nov 2018
Exclamation
Please note: there will be no changes to the IMA sector, TW sector or the Fund Type for Illustrations.
For information:Orange arrowview change details
JPM Global Macro Balanced Name and Objective change Old Mutual Wealth Limited, Old Mutual Wealth Life & Pensions Limited, Old Mutual International Guernsey Limited and Old Mutual Wealth Life Assurance Limited 31 Oct 2018
HSBC Open Global Distribution Name and Investment Policy Change Old Mutual Wealth Limited, Old Mutual Wealth Life & Pensions Limited, Old Mutual International Guernsey Limited and Old Mutual Wealth Life Assurance Limited 29 Oct 2018
Current Derivative Policy

Derivatives are used for Efficient Portfolio Management only.

New Derivative Policy

Derivatives are used for Efficient Portfolio Management and Investment Purposes.

Exclamation
Please note: funds are also changing names. There will be no change to the IMA sector, TW sector or Fund Type for Illustrations.
Investec Diversified Growth Objective change Old Mutual Wealth Limited and Old Mutual Wealth Life & Pensions Limited 05 Oct 2018
Old Objective

To aim to provide long term real returns measured in Sterling through a combination of income and capital growth by investing primarily in a globally diversified portfolio of assets.

New Objective

To provide long term real returns measured in Sterling through a combination of income and capital growth by investing primarily in a globally diversified portfolio of assets. The fund targets a return of UK CPI + 5% (gross of fees) per annum over rolling 5 year periods.

Exclamation
Please note: there will be no changes to the IMA sector, TW sector or the Fund Type for Illustrations.
Baillie Gifford Global Income Growth Objective and policy change Old Mutual Wealth Limited, Old Mutual Wealth Life & Pensions Limited and Old Mutual International Guernsey Limited 30 Sep 2018
M&G Episode Growth Objective change Old Mutual Wealth Life Assurance Limited, Old Mutual International Guernsey Limited, Old Mutual Wealth Limited and Old Mutual Wealth Life & Pensions Limited 31 Aug 2018
Current Objective

To maximise total return (the combination of income and growth of capital) by investing in transferable securities, fixed income assets (including, but not limited to, corporate bonds and government and public securities), warrants, money market instruments, deposits, cash and near cash.

New Objective

To deliver a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than that of a composite index comprising two thirds global equities and one third global bonds (as measured by the MSCI ACWI and Bloomberg Barclays Global Aggregate Index respectively), over any five-year period.

 

The fund is a multi-asset fund that invests across a range of asset classes, including equities, fixed income securities, convertibles, cash and near cash. Exposure to the assets may be gained either directly or indirectly via collective investment schemes or derivatives. The fund may also invest indirectly via collective investment schemes or derivatives in other asset classes such as property and gold.

M&G Episode Allocation & M&G Managed Growth Old Mutual Wealth Life Assurance Limited, Old Mutual International Guernsey Limited, Old Mutual Wealth Limited, and Old Mutual Wealth Life & Pensions Limited 31 Aug 2018
For information:Orange arrowview change details
Pictet High Dividend Selection Objective and name change Old Mutual Wealth Limited, Old Mutual International Guernsey Limited and Old Mutual Wealth Life & Pensions Limited 24 Aug 2018
Old objective

To invest mainly in shares and similar securities (including structured products) of companies from which high, and/or higher dividends than those of their reference market, are expected.

New objective

To achieve capital growth by investing mainly in equities and equity related securities (such as convertible bonds, closed ended real estate investment trusts (REITs), American Depository Receipt, Global Depository Receipt) issued by companies that contribute to and/or profit from the trend towards urbanisation.

Exclamation
Please note: the fund is also changing name. There are no changes to the IMA sector, TW sector or Fund Type for Illustrations.
HSBC World Selection Balanced Portfolio (-U) Investment Policy Changes - Widening of Investment Powers Old Mutual Wealth Life Assurance Limited, Old Mutual Wealth Limited and Old Mutual Wealth Life & Pensions Limited 13 Aug 2018
HSBC Global Strategy Portfolios (Various) Investment Policy Changes - Widening of Investment Powers Old Mutual Wealth Life Assurance Limited, Old Mutual Wealth Limited and Old Mutual Wealth Life & Pensions Limited. 13 Aug 2018
For information:Orange arrowview list of funds.
Old Mutual funds (various) Quilter Investors funds (various) Old Mutual Wealth Limited and Pensions, Old Mutual Wealth Limited and Old Mutual Life Assurance Limited. 29 Jun 2018
Exclamation
Please note: the names of the affected funds will also be changing.
Montanaro European Income -U Objective change Old Mutual Wealth Limited and Old Mutual Wealth Life & Pensions Limited 29 Jun 2018
Current Objective

To outperform its benchmark, the MSCI Europe (ex UK) SmallCap (Total Return) Index. The fund will invest primarily in Small and MidCap companies quoted in the EU (excluding the UK), Iceland, Norway and Switzerland that offer an attractive dividend yield or the potential for dividend growth. 

New Objective

To deliver capital growth and income by investing primarily in Small and MidCap companies quoted in the EU (excluding the UK), Iceland, Norway and Switzerland that offer an attractive dividend yield or the potential for dividend growth. 

Fidelity (various) Investment Policy and Total Expense Ration (TER) Changes Old Mutual Wealth Life Assurance Limited, Professional Life Assurance Limited, Old Mutual International Guernsey Limited, Old Mutual Wealth Limited and Old Mutual Wealth Life & Pensions Limited. 20 Jun 2018
Exclamation
Please note: the objective of the funds will not be changing.
For information:Orange arrowview list of funds.
BlackRock Fixed Income Global Opportunities (-U) Investment Policy Change - Widening of Investment Powers Old Mutual Wealth Limited, Old Mutual International Guernsey Limited, Old Mutual Wealth Life & Pensions Limited and Old Mutual Wealth Life Assurance Limited 30 May 2018
Exclamation
Please note: the change is subject to shareholder approval. The shareholder meeting is scheduled for Wednesday 28 March 2018.
M&G European Smaller Companies (-U) Name and objective change Old Mutual Wealth Life Assurance Limited, Old Mutual Wealth Limited, Old Mutual Wealth Life & Pensions Limited and Old Mutual International Guernsey Limited 25 May 2018
Current objective

To achieve long term capital growth by investment in smaller companies in Europe. It will invest wholly or mainly in securities of European companies which constitute the bottom third in terms of total market capitalisation of all publicly listed equity in Europe. When not wholly invested as above, the fund may only invest in medium and larger capitalised companies in order to enhance the liquidity of the fund.

New objective

To provide a higher total return (the combination of capital growth and income) than that of the EMIX Smaller European Companies Index, net of the Ongoing Charges Figure, over any five-year period. The Fund will invest at least 80% in the equities of European smaller companies, from the bottom third (by total market capitalisation) of all publicly listed equities in Europe including the UK.

Exclamation
Please note: the fund is also changing name.
First Page of Results Previous Page Last Page of Results