New Fund Name: OMR AXA Framlington UK Sustainable Equity
New Objective:
The underlying fund aims to provide long-term capital growth over a period of 5 years or more by having at least 70% of its investments in shares of companies domiciled, incorporated or having significant business in the UK which the Manager believes will provide above-average returns. The underlying fund invests at least 80% of its investment in shares in large and medium sized companies.
The Manager aims to select companies that it deems will create a net positive contribution to society. These companies will either demonstrate leadership on sustainability issues through strong environmental, social and governance {ESG) practices {“leaders”) or will have shown a clear commitment to improve their ESG practices {“companies in transition”). The majority of the underlying fund’s investments {50% or more) will be in “leaders”.
Dealing will recommence for the valuation point of Monday 26 July 2021
New Fund Name: OMR FTF Martin Currie Japan Equity
New Fund Name: OMR FTF Martin Currie Global Unconstrained
New Fund Name: OMR BlackRock Developed Markets Sustainable Equity
New Objective:
The underlying fund aims to provide a return on your investment (generated through an increase in value of the assets held by the fund and/or income received from those assets) (gross of fees) over the medium to long term (3 to 5 or more consecutive years beginning at the point of investment), by investing in a global portfolio of equity securities (e.g. shares) in a manner consistent with the principles of sustainable investing.
New Fund Name: OMR M&G Global Sustain Paris Aligned
New Objective:
The underlying fund has two aims:
To provide a higher total return (capital growth plus income), net of the Ongoing Charge Figure, than that of the MSCI World Index over any five-year period.
and
To invest in companies that contribute towards the Paris Agreement climate change goal.
At least 80% of the fund is invested directly in equity securities and equity-related securities of companies across any sector and market capitalisation that are domiciled in any country, including Emerging Markets.
Receiving Fund: OMR HSBC Europe EX-UK Equity
We have been notified by Aviva Investors that they will be closing the underlying fund which this fund invests in.
The Fund Manager has advised that the closure process is expected to take 12-24 months, however it may take longer than this depending on market conditions. The funds will remain suspended throughout the closure process to ensure fair treatment of all investors.
The Manager of the underlying Aviva fund will issue cash proceeds periodically throughout the closure process, with the first of these payments expected to be made around late July 2021.
Following receipt of each cash distribution from Aviva, we will promptly calculate how much is due to each of our customers based on the proportion of the OMR unit-linked fund they hold, and issue a further communication to confirm when the customer payments have been made.
For our customers that still hold units in the OMR fund, we will process the payment to plans by adding units in the replacement fund, the OMR Prof Deposit. For plans that have surrendered but are still awaiting proceeds related to their holding in the OMR Aviva UK Property fund, a cash payment will be made.
We have been notified by Aviva Investors that they will be closing the underlying fund which this fund invests in.
The Fund Manager has advised that the closure process is expected to take 12-24 months, however it may take longer than this depending on market conditions. The funds will remain suspended throughout the closure process to ensure fair treatment of all investors.
The Manager of the underlying Aviva fund will issue cash proceeds periodically throughout the closure process, with the first of these payments expected to be made around late July 2021.
Following receipt of each cash distribution from Aviva, we will promptly calculate how much is due to each of our customers based on the proportion of the OMR unit-linked fund they hold, and issue a further communication to confirm when the customer payments have been made.
For our customers that still hold units in the OMR fund, we will process the payment to plans by adding units in the replacement fund, the OMR Standard Life UK Real Estate Accumulation Feeder. For plans that have surrendered but are still awaiting proceeds related to their holding in the OMR Aviva UK Property fund, a cash payment will be made.
We have been notified by Aviva Investors that they will be closing the underlying fund which this fund invests in.
The Fund Manager has advised that the closure process is expected to take 12-24 months, however it may take longer than this depending on market conditions. The funds will remain suspended throughout the closure process to ensure fair treatment of all investors.
The Manager of the underlying Aviva fund will issue cash proceeds periodically throughout the closure process, with the first of these payments expected to be made around late July 2021.
Following receipt of each cash distribution from Aviva, we will promptly calculate how much is due to each of our customers based on the proportion of the OMR unit-linked fund they hold, and issue a further communication to confirm when the customer payments have been made.
For our customers that still hold units in the OMR fund, we will process the payment directly to their plans. For plans that have surrendered but are still awaiting proceeds related to their holding in the OMR Prof Aviva UK Property fund, a cash payment will be made.
