New Objective:
The Fund aims to deliver a total return, after all fees and charges, above the MSCI Europe Excluding UK Index plus 1% over the long term (rolling five year periods). There is no guarantee that the objective will be achieved over any period. The Fund will invest in companies which are incorporated, domiciled, listed or conduct significant business in the EEA or Switzerland, but excludes shares listed in the UK. The Fund will typically invest 95% (minimum 80%) in equities or equity related derivatives but may also invest in collective investment schemes (up to 10% of Fund assets), corporate debt securities, other transferable securities, money market instruments, warrants, cash and deposits.
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 Investment Objective: The Fund aims to achieve a combination of income and capital growth and to outperform the MSCI China All Shares Index, net of charges, over rolling five year periods.
New Fund Name: OMR Fidelity UK Equity Income Fund
New Fund Name: OMR Professional Fidelity UK Equity Income Fund
New Objective:
The Fund aims to provide investors with capital growth over the long term (at least 10 years). Under normal market conditions, at least 80% of the Fund will invest directly or indirectly in listed equity securities of companies with a wide range of market capitalisation anywhere in the world (including emerging markets) engaged in the oil and gas sector, energy generation and/or transmission. Accordingly, the Investment Adviser will seek investment in companies involved in any of the following: the production, exploration or discovery, or distribution of energy derived from fossil fuels and the research and development or production of alternative energy sources, as well as those companies that provide services and products for all the foregoing.
The Fund is actively managed by the Investment Adviser. The Fund will normally typically hold 25 – 75 stocks. Where the Fund invests in collective investment schemes, this may include those managed by the Manager and its associates. The Fund may also use derivatives to reduce risk or cost or to generate additional capital or income at proportionate risk (known as “Efficient Portfolio Management”). It is intended that the use of derivatives will be limited. 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.
Old TER:1.22%
New TER: 1.13%
New Fund Name: OMR MI Verbatim Portfolio 5 Growth Fund
We are expecting to receive the ninth and final payment from M&G which we will be passing on to customers shortly after. Those customers invested in the impacted funds will have their payments added to their plans in the following replacement funds:
We will be issuing a letter to customers shortly after the units have been added to plans.
New Fund Objective:
The Fund will invest at least 70% in equities (and their related securities) of UK companies (those domiciled, incorporated or having significant business in the UK) and aims to hold a concentrated portfolio of 35-65 securities. The Fund may also invest a proportion of its assets in global companies listed in the UK. The Investment Manager will actively select companies based on their potential to generate capital growth. It is not restricted in terms of industry and size.
The Fund is actively managed without reference to a benchmark. The Fund will invest in a concentrated portfolio of companies the Investment Manager considers will outperform over the period. The Fund may also invest in other transferable securities, collective investment schemes, money market instruments, cash and deposits and is also able to use derivatives for efficient portfolio management. There is no policy to restrict investment to any particular economic or industrial sector.
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 Fund Objective:
The Fund will invest at least 70% in equities (and their related securities) of companies globally and aims to hold a concentrated portfolio of 35-55 securities. The Investment Manager will choose investments which it believes offer attractive dividend yields in addition to price appreciation. It is not restricted in terms of size, industry, or geographical split. The Fund is actively managed and will invest in a concentrated portfolio of companies the Investment Manager considers will outperform over the period. The Fund is not constrained by a benchmark.
The Fund may also invest in other transferable securities, collective investment schemes, money market instruments, cash and deposits and is also able to use derivatives for efficient portfolio management.
