Nikko AM – Shenton Global Opportunities Fund Shareholder Notice

Shareholder Notification

The manager of the Fund wish to inform you the following:

(1) Appointment of Nikko Asset Management Americas, Inc. for Global Equities Trading

We, as the managers of the Fund, wish to inform you that with effect from 23 April 2019, Nikko Asset Management Europe Ltd (the “Sub-Managers”) will be appointing Nikko Asset Management Americas, Inc. (“NAM Americas”) to carry out global equities trading for the Fund during business contingencies. For the avoidance of doubt, the Sub-Managers will continue to maintain full responsibility for all trade order handling and NAM Americas will only execute global equities trades upon instructions from the Sub-Managers. The fees charged by NAM Americas to carry out global equities trading for the Fund will not be paid out of the assets of the Fund.

(2) Change of Benchmark

We also wish to inform you that with effect from 1 May 2019, the current benchmark of the Fund against which the Fund’s performance is measured, i.e. the MSCI World Free Index (Net Total Return), will be changed to the MSCI AC World Index (Net Total Return).

The rationale for the change in benchmark is to better reflect the investment focus of the Fund which is to invest primarily in equities of developed and emerging markets.

For the avoidance of any doubt, please note that there is no change to the investment objective, focus and approach of the Fund.

The abovementioned changes will be reflected in an updated prospectus for the Fund (the “Prospectus”) to be registered by the Monetary Authority of Singapore (the “Authority”) on or around 23 April 2019.

Fund ISIN
Nikko AM Shenton Global Opportunities Fund SG9999004303

 

For more details, please refer to the shareholder notification letter.

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