New fund name: abrdn (AAM) UK Smaller Companies Fund
New fund name: abrdn Emerging Markets Equity Fund
New fund name: abrdn Global Equity Fund
New fund name: OMR abrdn UK Equity
New fund name: OMR abrdn Sterling Short Term Government Bond Fund
New fund name: OMR abrdn UK Real Estate Share
New fund name: OMR abrdn Multi-Manager Cautious Managed Portfolio
New fund name: OMR abrdn Multi-Manager Distribution Portfolio
We can confirm that we are expecting to receive a fourth payment from Aviva which we will be passing on to customers shortly after.
Those customers still invested in the impacted funds will have their payments added to their plans in the following replacement funds:
OMR Aviva UK Property Feeder > OMR abrdn UK Real Estate
OMR Prof Aviva UK Property Feeder > OMR Prof Deposit
Aviva Investors UK Prop Feeder (Life & Pension) > L&G Property Feeder
We will be issuing a letter to customers shortly after the units have been added to plans.
We expect to receive further payments in future and will provide further information when we do.
New objective:
The fund aims to provide income and capital growth in excess of the MSCI World (Net Total Return) Index (after fees have been deducted) over a 3 to 5 year period by investing in equities of companies worldwide. The Fund is actively managed and invests at least 80% of its assets in equity and equity related securities of companies worldwide which offer sustainable dividend payments. The Fund seeks to invest in a diversified portfolio of equity and equity related securities that (1) offer capital growth and income; and (2) whose dividend yield in aggregate is greater than the average market yield. Equities with below average dividend yield may be included in the portfolio when the investment manager considers that they have the potential to pay above average income in future. 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.
