Credit Suisse - amendment to subfund investment principles
Credit Suisse Fund Management has decided to amend the investment principles of the subfunds for the Portfolio Fund Balanced and the Portfolio Fund Growth.
Credit Suisse Fund Management has decided to amend the investment principles to clarify that they can invest worldwide including emerging market countries and that fixed income securities in the non-investment grade sector may represent up to 20% of their total net assets. The update further details that up to 10% of their total net assets may be invested in bonds with a rating below “B-” by Standard & Poor’s or “B3” by Moody’s.
The prospectus has also been amended so that the subfunds may invest in target funds which may in particular comprise master limited partnerships, being limited partnerships that are listed on stock exchanges and derive most of their income from real estate, natural resources and commodities (MLP) as well as funds investing in insurance linked securities (ILS), in Senior Loans and up to a maximum of 5% contingent convertibles. All changes enter into effect on 30 March 2016.
The notification from Credit Suisse Fund Management can be viewed opposite