Verschmelzung von Fonds der Investec

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FFB -FondsDepotbank Ihrer SJB FondsSkyline 1989 e.K.

Investec hat uns darüber informiert, dass folgende Fonds zum 17. Juni 2016 fusioniert wurden. Die Anteile des „abgebenden Fonds“ gehen damit in dem „aufnehmenden Fonds“ auf. Das Umtauschverhältnis wird von der Fondsgesellschaft vorgegeben und am Fusionstag bekannt gemacht.

Fondsname ISIN Aufnehmender Fonds ISIN
Investec GSF – Global Strategic Income Fund A Inc gross USD LU0345763196 Global Multi-Asset Income, A, Inc-2, USD LU0953506580

Fondsanteile des „abgebenden Fonds“ können über die FFB nicht mehr gekauft oder verkauft werden.
Bei der Fondszusammenlegung verfahren wir nach dem Vorschlag der Fondsgesellschaft. Pläne in den „abgebenden Fonds“ werden automatisch auf den „aufnehmenden Fonds“ umgestellt und dort fortgeführt. Beachten Sie hierbei jedoch eventuell abweichende Anlageschwerpunkte. Soll zur Abdeckung der ursprünglich verfolgten Anlageziele ein anderer Fonds genutzt werden, benötigen wir einen neuen schriftlichen Auftrag.
Wir weisen darauf hin, dass die Verschmelzung für unsere gemeinsamen Kunden unter Umständen steuerliche Konsequenzen hat. Wir empfehlen den Kunden daher, sich bei ihrem Steuer- bzw. Finanzberater über die steuerlichen Auswirkungen zu informieren.


Kunden des aufnehmenden Fonds werden ebenfalls über die Fusion informiert.
Den dauerhaften Datenträger der Fondsgesellschaft haben wir Ihnen beigelegt. Für die Verwahrung und Administration von Anteilen und die Umsetzung von Aufträgen verweisen wir auf unsere allgemeinen Geschäftsbedingungen und unser Preis- und Leistungsverzeichnis.
Freundliche Grüße
FFB-Vertriebspartnerbetreuung

 

Dear Investor,
Merger of the Investec Global Strategic Income Fund into the Investec Global Multi-Asset
Income Fund
We are writing to you as a Shareholder in the Global Strategic Income Fund (the ‘Merging Fund’), a sub-fund of the Investec Global Strategy Fund (‘GSF’), to inform you of our plans to merge it with the Global Multi-Asset Income Fund (the ‘Receiving Fund’), which is also a sub-fund of GSF.1 The merger will be effective on 17 June 2016 and does not require the approval of Shareholders.
You do not need to take any action in relation to this letter, unless you wish to do so. However, you are encouraged to read it so you are aware of the implications of the merger on your investment.
This letter and its appendices explain the background to the merger and aims to provide you with sufficient information to help you make an informed assessment on the impact of the merger on your investment. If you have any questions about the merger, please contact your financial advisor. Alternatively, our teams are available to help you. Please find their contact details at the top of this page.
Background and rationale for the merger
The Merging Fund’s primary objective is to generate a high level of income by investing primarily in fixed income investments from around the world. With global interest rates at record lows, and in some cases negative, fixed income investment are providing a lower level of income than they have done historically.
Therefore the Investment Manager feels that in order to seek to achieve a high and sustainable level of income it is better to invest in a broader range of investments than simply fixed income investments.
The Receiving Fund is a multi-asset fund investing in a broad range of investments, including equities and derivatives, in addition to fixed income instruments. The Investment Manager feels that this wide investment universe gives it a better opportunity of achieving its income objective whilst offering potential for capital growth with relatively low volatility.

As a result the Directors feel the Receiving Fund is a better solution for Shareholders seeking a high and sustainable level of income with relatively low volatility in current market circumstances and therefore a merger with the Receiving Fund is in the best interests of Shareholders.
The alternative to the merger would be to liquidate the Merging Fund, which would result in a return of your capital to you and may incur taxes.
Further, the merger may lead to increased economies of scale and cost efficiencies in the Receiving Fund for the benefit of Shareholders.
Please note that the merger will lead to the closure of the Merging Fund and your shares in the Merging Fund will be cancelled and exchanged for shares in the Receiving Fund.
The merger will result in an investment in a fund which varies from your existing investment in the Merging Fund. Please refer to Section 4 of the Appendix A for a detailed comparison between the Merging Fund and the Receiving Fund, including a comparison of the specific risk factors associated with the Merging Fund and the Receiving Fund.
We do not believe that the merger will significantly change the existing risk profile for Shareholders in the Merging Fund. However, you should seek independent advice from your financial advisor if you are in doubt about whether the Receiving Fund meets your investment objectives or its risk profile is suitable for you.
Merger costs
All legal, advisory and administrative costs, if any, associated with the merger will be borne by the Management Company of GSF and not by Shareholders.
The Merging Fund’s portfolio may be rebalanced to achieve an asset allocation closer to the Receiving Funds portfolio in the period leading up to the merger. The costs of rebalancing the Merging Fund’s portfolio will be borne by the Merging Fund. It is anticipated that the rebalancing costs of the merger would likely be between 0.40% and 0.50% of the net asset value of the Merging Fund.
Annual Management Fee
The Receiving Fund can invest across a wider range of investment types, including equities, and so requires more investment management resource than the Merging Fund. As a result each share class of the Receiving Fund that charges an annual management fee within the Receiving Fund has a 0.25% higher annual management fee than the equivalent share class of the Merging Fund.
We believe that the Receiving Fund offers better prospects of meeting your income objectives, whilst offering some scope for capital growth with low volatility.
Fund comparison
Please refer to Section 4 of Appendix A for a detailed comparison between the Merging Fund and the Receiving Fund.
For your information, we enclose a copy of the Key Investor Information Document(s) for the same type of share class(es) in the Receiving Fund. It is important that you read this as it will provide you with useful information regarding the Receiving Fund.

Option to redeem or switch
If you feel that the Receiving Fund will not suit your investment requirements, you may switch your investment into an alternative sub-fund within the GSF range or redeem your investment. You will not be charged for any such switch or redemption by Investec Asset Management.
Any instruction to switch or redeem from the Merging Fund prior to the merger must be received before 4:00pm New York City time (which is 10:00pm Luxembourg time) on 14 June 2016. Our teams are available to help you. Their contact details can be found at the beginning of this letter. If you are unsure what action you should take (if any) and any potential implications if you choose to switch or redeem, please consult either your financial advisor or a tax advisor.
If you take no action
Your investment will be merged into the Receiving Fund on 17 June 2016.
Confirmation of merger
Each Shareholder in the Merging Fund will receive a notification confirming (i) that the merger has been carried out and (ii) the number of shares in the Receiving Fund that they hold after the merger is completed. This confirmation is expected to be sent to Shareholders no later than 24 June 2016.
More information
For more information on our funds, visit our website, www.investecassetmanagement.com.
Finally we would like to re-iterate that we feel this merger is in the interests of Shareholders as we feel the Receiving Fund offers better prospects of achieving your income objectives, whilst offering potential for capital growth with relatively low volatility, in current market circumstances.
Thank you for your continued investment.
Yours faithfully,
Grant Cameron John Green
Director Director

Siehe auch

SJB Kurzportrait.

Die SJB FondsSkyline 1989 e.K. aus Korschenbroich bietet Anlegern drei aktiv gemanagte Vermögensverwaltungsstrategien mit offenen Investmentfonds an, die allesamt nach antizyklischen Investmentprinzipien gemanagt werden: SJB Substanz, SJB Surplus und SJB Nachhaltig. Der Ansatz der Antizyklik ist dabei so einfach wie wirkungsvoll. Der Braunbär als erfahrener Jäger dient als Vorbild und zeigt das Prinzip: Er wartet …

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