Name and Objective Change - Allianz BRIC Equity Fund
Allianz Global Investors has advised that it will be changing the Sub-Fund name, the investment objective, the investment principles and the benchmark of their BRIC Equity Fund on 15 July 2016.
The changes applicable to the Allianz BRIC Equity Fund (the "Sub-Fund")
A comparison of the current Sub-Fund details and the revised changes that will be applied to the fund with effect 15 July 2016 are detailed in the table below:
The amendments to the investment principles can be viewed in the official notification from Allianz Global Investors, or in the sample letters, which can be viewed opposite.
| Current Details | Revised Details |
|---|---|
| Sub-Fund Name: Allianz BRIC Equity | Sub-Fund Name: Allianz GEM Equity High Dividend |
| Investment Objective: The investment policy is geared towards long-term capital growth by investing Sub-Fund assets in global emerging equity markets, with the focus on Brazil, Russia, India and China. | Investment Objective: The investment policy is geared towards long-term capital growth by investing Sub-Fund assets in global emerging equity markets by focusing on equities with a potential dividend yield above the market average. |
| Benchmark: The Sub-Funds portfolio corresponds to the composition of the MSCI Brazil Index (25%), the MSCI China Index (25%), the MSCI India Index (25%) and the MSCI Russia Index (25%). | Benchmark: The Sub-Funds portfolio corresponds to the composition of the MSCI Emerging Markets Index. |
We have written to Oracle, Paragon and Quantum policyholders to notify them of the changes. Where there is an appointed investment adviser to the policy, the investment adviser will receive this correspondence instead. Samples of these letters can be viewed opposite. Servicing advisers will receive a copy of the letter for their records.
Alternative Fund Choice
If policyholders, or appointed investment advisers, are not happy with the changes they can choose to switch into any other fund available to the policy at any time, free of charge.
They can provide alternative instructions either by submitting a completed Fund switch instruction form, or if registered a registered user of our Online Service Centre and fund switching facility, conducting a switch and premium redirection online. All switches are free of charge.