Fund Closure – Selector World Shariah Value
We have received notification that the Board of Directors of the Selector Management Fund have closed their Selector World Shariah Value Fund (the sub-fund) due to significant changes in its economic situation.
As a result of the fund closure all fund values have been returned to shareholders.
A client communication has been issued to any Quantum, Paragon, Oracle and LifePlan policyholders affected by the closure, with a copy to their servicing financial adviser, outlining any course of action taken. Sample letters can be viewed opposite.