Notification of Closure of P06 F&C Eastern European
11 October 2018
We have received notification from Traditional Funds PLC (the “Company”) of their decision to close the underlying fund into which P06 F&C Eastern European invests, with effect from 31 October 2018 (the “Effective Date”). As a direct result of this, Friends Provident International Limited will be closing P06 F&C Eastern European on the effective date.
When a fund is closed we will select a fund from our internal fund range to act as an alternative investment for the resulting proceeds (default fund) and, in this case, your investment will be switched to P48 Barings Eastern Europe. Details of the closing fund and the default fund are set out in the table below:
|
Before 31 October 2018 |
From 31 October 2018 |
|
|
Mirror Fund name |
F&C Eastern European |
Barings Eastern Europe |
|
Mirror fund code |
P06 |
P48 |
|
Currency |
USD |
USD |
|
Investment objective of the underlying fund |
The investment objective of the fund is to achieve capital appreciation through investment in Eastern European Markets. |
The investment objective of the Fund is to achieve long-term capital appreciation through investment in a diversified portfolio of securities of issuers located in or with a significant exposure to the emerging markets of Europe. (Please refer to the Prospectus for the full investment objective and policy.) |
|
Ongoing Charges Figure (OCF) of the underlying fund |
1.59% |
1.95% |
|
Risk profile (determined by Friends Provident International for reference only) |
5 |
5 |
Should you have any questions regarding these changes, please contact International Funds & Investments.