Fund objective and name changes - Aberdeen Standard Investments UK funds
Effective 7 August 2019, Aberdeen Standard Investments will be making changes to the objectives of some of its funds. At the same time it will also change fund names to bring them in line with the Aberdeen Standard branding.
Impacts on
these guided-architecture products
- Oracle
- Paragon
- Quantum
- Quantum Malaysia
- LifePlan
- Regular Savings Plan
- Regular Savings Plan Malaysia
- Protected Lifestyle
Impacts on
open architecture products including
- PIMS
- Choice
- Select
A summary of the changes
Following new rules and guidance issued by the Financial Conduct Authority (FCA), which regulates the financial services industry in the UK, Aberdeen Standard Investments ("ASI") will be making some changes to the investment policy of its funds to provide clarity on how the funds are managed.
At the same time ASI will be changing the names of the majority of its UK funds generally to include the ASI prefix at the beginning of each UK find name in place of "Aberdeen" or "Standard Life Investments". Certain funds (where Aberdeen Standard Capital is the sub-adviser) will have Aberdeen Standard Capital at the beginning of each name in place of Standard Life Wealth.
The changes will come into effect on 7 August 2019. ISINs and Sedol numbers for the funds remain unchanged.
Funds available in our open-architecture products
All affected funds will be renamed from "Aberdeen" or "Standard Life Investments" to "ASI" in accordance with the changes advised by ASI. These changes will be updated in our systems on or around 7 August 2019.
Funds featured in our guided-architecture fund ranges
We have a number of funds across our guided fund ranges affected by the fund name and objective changes.
We will update fund names on or around the 7 August 2019 on our systems and fund centres as per the below table.
| Current fund name | New fund name | Product |
|---|---|---|
| Aberdeen Asia Pacific & Japan Equity A Acc GBP | Aberdeen Standard OEIC I Asia Pacific & Japan Equity A Acc GBP | Regular Savings Plan, Regular Savings Plan Malaysia, Quantum, Quantum Malaysia, Oracle, Paragon, LifePlan |
| Aberdeen Ethical World Equity A Acc GBP | Aberdeen Standard OEIC I Ethical World Equity A Acc GBP | Regular Savings Plan, Regular Savings Plan Malaysia, Quantum, Quantum Malaysia, Oracle, Paragon, LifePlan, Protected Lifestyle |
| Aberdeen UK Equity A Acc GBP | Aberdeen Standard OEIC I UK Equity A Acc GBP | Regular Savings Plan, Regular Savings Plan Malaysia, Quantum, Quantum Malaysia, Oracle, Paragon, LifePlan |
A comparison of old and new investment objective and policy (IOP) for the funds affected can be found below. Sample letters issued by Aberdeen Standard can be found opposite.
| IOP’s for Aberdeen UK funds | IOP’s for Standard Life UK funds |
|---|---|
Multi-Manager Equity Managed Portfolio Multi-Manager Cautious Managed Portfolio Multi-Manager Multi-Asset Distribution Portfolio Multi-Manager Ethical Portfolio Multi-Manager Balanced Portfolio Diversified Growth Fund Diversified-Core Conservative Fund Diversified-Core Cautious Fund Diversified-Core Growth Fund Diversified-Core Adventurous Fund
UK Property Feeder Unit Trust Fund
UK Property Fund
Aberdeen Multi-Manager (Fund of Funds) ICVC Multi-Manager Diversity Fund
Aberdeen Investment Funds ICVC Asia Pacific and Japan Equity Fund Asia Pacific Equity Fund Corporate Bond Fund Eastern European Equity Fundberdeen Emerging Markets Bond Fund Emerging Markets Equity Fund Ethical World Equity Fund Euro Corporate Bond Fund European Equity Fund European Property Share Fund European Smaller Companies Equity Fund Financial Equity Fund Global High Yield Bond Fund European High Yield Bond Fund Japan Equity Fund Latin American Equity Fund Diversified Income Fund Multi-Asset Fund North American Equity Fund Property Share Fund Responsible UK Equity Fund Sterling Bond Fund Sterling Government Bond Fund Sterling Index-Linked Bond Fund Sterling Long Dated Government Bond Fund Sterling Money Market Fund Sterling Opportunistic Corporate Bond Fund Sterling Short Dated Corporate Bond Fund Sterling Short Term Government Bond Fund Strategic Bond Fund Target Return Bond Fund UK Equity Fund UK Equity Income Fund UK Mid-Cap Equity Fund UK Smaller Companies Equity Fund World Equity Fund World Equity Income Fund World Opportunistic Bond Fund
Aberdeen Investment Funds ICVC II UK All Share Tracker Fund UK Equity Index Managed Fund European Equity Enhanced Index Fund World Equity Enhanced Index Fund Japan Equity Enhanced Index Fund Northern American Equity Enhanced Index Fund UK Equity Enhanced Index Fund Asia Pacific Equity Enhanced Index Fund US Equity Tracker Fund European Equity Tracker Fund Japan Equity Tracker Fund Asia Pacific ex-Japan Tracker Fund Emerging Markets Equity Tracker Fund Global REIT Tracker Fund Global Corporate Bond Tracker Fund Global Government Bond Tracker Fund Sterling Corporate Bond Tracker Fund Short Dated Sterling Corporate Bond Tracker Fund Short Dated Global Corporate Bond Tracker Fund Global Index-Linked Bond Tracker Fund Short Dated Global Index-Linked Bond Tracker Fund Emerging Markets Local Currency Bond Tracker Fund
Aberdeen Investment Funds ICVC III Global Emerging Markets Quantitative Equity Fund | Standard Life Investment Company AAA Income Fund
Standard Life Investment Company II Corporate Debt Fund Ethical Corporate Bond Fund European Ethical Equity Fund Global Index Linked Bond Fund Global REIT Fund Short Dated Corporate Bond Fund Short Duration Global Index Linked Bond Fund UK Equity Impact - Employment Opportunities Fund UK Equity Income Unconstrained Fund UK Equity Unconstrained Fund
Standard Life Investment Company III MyFolio Managed I, II, III, IV & V Funds MyFolio Market I, II, III, IV & V Funds MyFolio Multi-Manager I, II, III, IV & V Funds MyFolio Multi-Manager Income II, III & IV Funds Enhanced-Diversification Growth Fund MyFolio Index I, II, III, IV & V Funds
Standard Life Investments Strategic Bond Fund
Standard Life Investments Global Real Estate Fund
Standard Life Investments UK Real Estate Trust
Standard Life Strategic Investment Allocation Fund
Standard Life Investments Global Absolute Return Strategies Fund
Standard Life Investments UK Real Estate Funds ICVC
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All updates can also be located directly on the Aberdeen Standard investor communications page here
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For more information about Aberdeen Standard visit https://www.aberdeenstandard.com