Subscription closure - Pictet Water fund
With effect from 4 August 2022, the fund will be closed to new subscriptions and switches-in in relation to our defined fund range products listed below.
Reason for the subscription closure
The Pictet Water fund was soft closed by Pictet Asset Management (Europe) S.A. Luxembourg because the fund size was reaching the maximum level for efficient execution of the strategy.
The fund features in our defined fund ranges listed opposite and as a result of the soft closure, and the introduction of monthly subscription trading limits, we have taken the decision to stop accepting new subscriptions and switches-in for the fund from plan owners of these products with effect from 4 August 2022.
| Fund name | ISIN | Subscription closure date |
|---|---|---|
| Pictet Water P Acc USD | LU0255980327 | 4 August 2022 |
| Pictet Water P EUR | LU0104884860 | 4 August 2022 |
Existing plan owners who already have a unit holding in the fund can remain invested and if they are currently allocating any of their regular payment into the fund can continue to do so. New investors and existing investors who are not yet invested in the fund will no longer be able to select the fund for investment.
The fund will continue to be listed in the product fund centres to allow existing investors and their financial adviser to monitor performance and obtain a regular factsheet, but will no longer feature in the Savings and Investment fund guide.