The fund manager is writing to inform you of changes in custodian.
“The reason for the change is that on account of upcoming changes in the HSBC Bank plc, Luxembourg Branch’s political and regulatory framework (i.e. notably in the context of the United Kingdom leaving the European Union as of 29 March 2019 and the potential consequences this may have on HSBC Bank plc, Luxembourg Branch offering financial services in the European Union) HSBC Group has decided to organize its business in a way that supports its pan-European customer offers. The Fund’s board of directors therefore believe that it is in the interest of the Shareholders to proceed with such transfer of services.”
“This change does not require any actions from you, investors who have subscribed in the Fund via intermediaries (eg. HTSG) are not likely to be impacted by this change.”
For more information, please refer to the shareholder notification.
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