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Objective Change - Invesco Global High Income Fund

Invesco Global Asset Management will be making changes to the investment policy of their Invesco Global High Income Fund on 7 August 2015.

Impacts on
this closed product

What are the changes?

Currently, the Fund is primarily invested in debt securities issued or guaranteed by the government (including local authorities and public authorities) of any emerging country and/or by any company which operates within the European Union or United States of America, Canada, Japan, Australia, New Zealand, Norway, Switzerland, Hong Kong and Singapore and/or within any emerging country and will be broadly based.


From 7 August 2015, the investment objective and policy of the Fund will be changed to include the investment in quasi-sovereign debt securities. The inclusion of quasi-sovereign debt securities as a primary asset type for the Fund will allow it to compete more effectively with peers.


The Fund will continue to be managed by the same investment team and the same investment process and it will not result in any change to the risk profile of the Global High Income fund.


Full details of the changes can be viewed in the Invesco shareholder notification opposite (see page 9)


Alternative fund option

If Policyholders are not happy with the changes they can choose to switch into another Preference fund at any time by either completing and returning a Fund switch instruction form, or if registered for switching on our Online Service Centre, by conducting a switch online. All switches are free of charge.


We have issued letters to policyholders notifying them of the change. Where an investment adviser is appointed, they will receive our notification instead of the policyholder. Servicing financial advisers attached to these policies will receive a copy of the letter for their information.


Sample letters can be viewed opposite.