LionGlobal – SIP to EIP Notice

Shareholder Notification

The fund manager wishes to inform you that with effect on and from 21 March 2019 (the “Effective Date”), Units of the Fund shall be reclassified as follows:

Current Classification New Classification with effect on and from the Effective Date
Notice on the Sale of Investment Products (SFA04-N12)
(the “Notice”)
Specified Investment Products (as defined in the Notice) (“SIPs”) Excluded Investment Products (as defined in the Notice) (“EIPs”)
Securities and Futures (Capital Markets Products) Regulations 2018
(the “Regulations”)
Capital markets products other than prescribed capital markets products (as defined in the Regulations) Prescribed capital markets products

Accordingly, with effect on and from the Effective Date, the Fund will not invest in any product or engage in any transaction which may cause Units of the Fund not to be regarded as EIPs or prescribed capital markets products. Investment restrictions applicable to EIPs and prescribed capital markets products are summarised below.

SIPs and capital markets products other than prescribed capital markets products can only be offered to retail investors with enhanced safeguards, including an assessment of the investors’ investment knowledge or experience, whereas EIPs and prescribed capital markets products can be offered to retail investors without such assessment. With the reclassification of Units of the Fund as EIPs and prescribed capital markets products, such assessment of customer knowledge and experience will no longer be required for new investors subscribing to the Fund. The reclassification will also facilitate marketing and distribution of the Fund to a wider pool of investors.

The reclassification will not result in any changes to the investment objective, focus or approach of the Fund. In addition, save for the investment restrictions discussed below, there will also be no changes to the way the Fund is currently being managed.

Fund Name ISIN Code (SGD) ISIN Code (USD)
LionGlobal South East Asia Fund SG9999002620 SG9999002638
LionGlobal South East Asia Fund – Grandfathered Class SG9999010169
LionGlobal China Growth Fund SG9999002463 SG9999002471

 

For more information, please refer to the shareholder notifications:

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