Existing ACD: HSBC Global Asset Management (UK) Limited
New ACD: HSBC Asset Management (Fund Services UK) Limited
Existing ACD: HSBC Global Asset Management (UK) Limited
New ACD: HSBC Asset Management (Fund Services UK) Limited
A number of fund name changes were advised to us by fund managers during 2016. However, these name changes were not updated in our systems at the time. The fund names have now been updated and will be reflected correctly in annual statements.
New fund name: AL Schroder Global Cities Real Estate Fund
A number of fund name changes were advised to us by fund managers during 2016. However, these name changes were not updated in our systems at the time. The fund names have now been updated and will be reflected correctly in annual statements.
New fund name: Schroder Global Cities Real Estate Fund
A number of fund name changes were advised to us by fund managers during 2016. However, these name changes were not updated in our systems at the time. The fund names have now been updated and will be reflected correctly in annual statements.
New fund name: AL Schroder Global Cities Real Estate Fund
Old TER: 1.13%
New TER: 1.12%
Old TER: 1.418767873%
New TER: 1.42%
The Fund aims to provide an income higher than the income generated by the composite index over rolling 3-year periods and a total return higher than the index over the long term (5 years or more), after the deduction of charges. The composite index currently comprises:
▪ 15% FTSE All-Share Index;
▪ 30% MSCI ACWI ex UK Index;
▪ 35% Bloomberg Global Agg x Treasury (GBP Hedged) Index;
▪ 10% ICE BofA Global High Yield Constrained (GBP Hedged) Index; and
▪ 10% Sterling Overnight Index Average (SONIA).
The Fund is actively managed and invests at least 80% in a range of collective investment schemes and closed ended funds in order to gain exposure to a diversified portfolio of shares, fixed interest securities and alternative income producing investments, for the purposes of achieving income for distribution.
The Fund aims to provide a combination of capital growth and income over the long term (5 years or more). It looks to outperform a composite index over rolling 5-year periods, after the deduction of charges. This composite index currently comprises:
▪ 15% FTSE All-Share Index;
▪ 30% MSCI ACWI ex UK Index;
▪ 45% Bloomberg Global Agg x Treasury (GBP Hedged) Index; and
▪ 10% Sterling Overnight Index Average (SONIA).
The Fund is actively managed and invests at least 80% in a range of collective investment schemes and closed ended funds in order to gain exposure to a diversified portfolio of shares and fixed interest securities. Exposure to shares is expected to be in the region of 20-60%.
The Fund aims to provide a combination of capital growth and income over the long term (5 years or more). It looks to outperform a composite index over rolling 5-year periods, after the deduction of charges. This composite index currently comprises:
▪ 15% FTSE All-Share Index;
▪ 30% MSCI ACWI ex UK Index;
▪ 45% Bloomberg Global Agg x Treasury (GBP Hedged) Index; and
▪ 10% Sterling Overnight Index Average (SONIA).
The Fund is actively managed and invests at least 80% in a range of collective investment schemes and closed ended funds in order to gain exposure to a diversified portfolio of shares and fixed interest securities. Exposure to shares is expected to be in the region of 20-60%.
