Notification of changes to various GAM Star Global Funds

• GAM Star Global Balanced A Acc CHF
• GAM Star Global Balanced A Acc EUR
• GAM Star Global Balanced A Acc GBP
• GAM Star Global Balanced A Acc USD
• GAM Star Global Growth A Acc CHF
• GAM Star Global Growth A Acc EUR
• GAM Star Global Growth A Acc GBP
• GAM Star Global Growth A Acc USD
• GAM Star Global Cautious A Acc EUR
• GAM Star Global Cautious A Acc GBP
• GAM Star Global Cautious A Acc USD

(together the “Funds”)

SUMMARY OF CHANGES TO THE OBJECTIVE AND POLICY

The Company has advised us that the investment objective of the Funds has changed from a capital growth approach to a capital preservation approach accompanied by stable returns. The revised investment objective is now to ‘achieve capital preservation accompanied by stable returns via dynamic asset allocation’.

The investment policy has changed to a direct and indirect multi-asset strategy as opposed to generating indirect exposure only to different asset classes via investment in collective investment schemes. 

The Company believes that the changes to the investment objective and policy of each of the Funds will enhance the Company’s product offering by emphasising a direct investment approach over indirect investment in other funds. The Company’s investment team has been consolidated and strengthened to more efficiently meet client’s needs, achieve their risk/return goals and optimise risk management.

As the above is just a summary, further details of the objective and policy changes applicable to the Funds can be found in the Appendix in the Sample Letter opposite.

CHANGE OF BENCHMARK
 

The benchmark for the Funds, used for performance monitoring purposes, will be changed to a ‘Risk-Free Rate’ as appropriate for the relevant class currency. Please refer to the Appendix in the Sample Letter for further details.

CHANGE OF NAME TO GAM STAR GLOBAL BALANCED AND GAM STAR GLOBAL GROWTH

The Company has changed the names of the GAM Star Global Balanced and Global Growth Funds to better reflect the investment objective and policy changes. The names will be updated as follows:

Policyholders do not need to take any action as a result of the above if they are happy with the changes.

We recommend that policyholders seek the advice of their usual financial adviser before making any investment decisions.  

Should you have any questions regarding these changes, please contact the Investment Marketing team. 

For further information on the underlying GAM funds please visit www.gam.com