Notification of changes to the underlying fund of P89 Parvest Equity Brazil
03 July 2019
We have been notified by Parvest (“The Company”) of a name change to the Company of the underlying fund of P89 Parvest Equity Brazil, which will come into effect from 30 August 2019 (the “Effective Date”).
The Company has confirmed:
“As decided by the Extraordinary General Meetings of Shareholders held on May 23 and June 18, 2019, the Company will be renamed as BNP Paribas Funds.”
As a result, the underlying fund of P89 Parvest Equity Brazil will be renamed from Parvest Equity Brazil, to BNP Paribas Funds Brazil Equity.
Please see the table below for the changes to P89 Parvest Equity Brazil and the corresponding underlying fund before and with effect from the Effective Date.
|
Before 30 August 2019 |
With effect from 30 August 2019 |
|
|
Fund Name |
Parvest Equity Brazil |
BNP Paribas Brazil Equity |
|
Fund Code |
P89 |
P89 |
|
Corresponding underlying fund name |
Parvest Equity Brazil |
BNP Paribas Funds Brazil Equity |
The Company have further confirmed that the investment objective of the underlying fund will be enhanced to provide a more precise disclosure for the current investment practice of the underlying fund. However, such disclosure enhancement on investment objective is not a material change to the underlying fund. Furthermore, the above changes will not materially change or increase the overall risk profile of the underlying fund and will not result in any increase in fees or charges to be borne by the shareholders or the underlying funds of the Company.
Should you have any questions regarding these changes, please contact International Funds & Investments.