Old Underlying Fund: HSBC Islamic Global Equity Index Y
New Underlying Fund: HSBC Islamic Global Equity Index (UCITS Common Contractual Fund)
Old TER: 1%
New TER: 1%
New Investment Objective: The investment objective of the Fund is to achieve capital growth over the long term. The Fund will track the performance of the Dow Jones Islamic Market Titans 100 Index (the “Index”), while minimising as far as possible the tracking error between the Fund’s performance and the performance of the Index. In addition, the Fund shall comply with Shariah Principles (as defined in the underlying fund’s prospectus) as interpreted and laid down by the Shariah Committee (as defined in the underlying fund’s prospectus) and provided to the Directors and the Investment Manager.
Old TER: 0.99%
New TER: 0.92%
Old TER: 1.07%
New TER: 0.99%
Old TER: 0.96%
New TER: 0.99%
Old TER: 0.98%
New TER: 0.86%
Old TER: 1.04%
New TER: 0.95%
Old TER: 1.04%
New TER: 0.88%
The Fund Manager (Columbia Threadneedle) has advised that they have suspended the underlying fund that is held by the OMR CT (Threadneedle) UK Property Auth Trust. As a result, we have suspended the OMR fund until further notice.
The suspension has been put in place on the underlying holding due to the level of cash in the Fund reducing to a level where future redemption requests would not be able to be met until an orderly sale of assets has completed. There has been no indication when the suspension will be lifted.
We will shortly be issuing a letter to all investors in the fund providing further information about the action we have taken and how this suspension will impact them.
New Fund Objective: The Fund Manager seeks to grow the Fund (through increases in investment value and income) in real terms over a rolling 5-year period after deducting fees and costs. To grow in real terms, the Fund must increase in value after outperforming the rate of inflation. We measure inflation using the Consumer Prices Index (CPI). There is no guarantee that the Fund will grow in real terms over 5-year rolling periods, or over any period, and there is a risk of loss. This fund invests in the underlying retail fund in order to track its performance, this means that fund performance may differ to the underlying fund.
New name: OMR FTF Martin Currie UK Equity Income
