Change of Investment Policy and Performance Fee Calculation - Amundi Equity Greater China Fund
Changes to the investment policy and performance fee calculation method will take effect on 20 December 2017.
Impacts on
these guided-architecture products
Changes to the investment policy:
The Board decided to modify the investment policy as from 20 December 2017 in order to more closely reflect the investments in Chinese equities through Stock Connect.
Accordingly, the investment policy will be changed to the following:
Investments
The sub-fund invests mainly in equities of companies in China, Hong Kong and Taiwan. Specifically, the sub-fund invests at least 67% of assets in equities of companies that are headquartered or do substantial business in Hong Kong, the People's Republic of China or Taiwan. Investments in Chinese equities can be made either through authorised markets in Hong Kong or (as from December 20, 2017) through Stock Connect. The sub-fund may invest less than 30% of net assets in China A shares and B shares (combined). There are no currency constraints on these investments.
While complying with the above policies, the sub-fund may also invest in other equities, equity-linked instruments, convertible bonds, bonds, money market instruments and deposits, and may invest up to 10% of net assets in UCITS/UCIs.
Derivatives
The sub-fund may use derivatives for hedging and efficient portfolio management.
Base Currency
USD
Changes to the measurement period for performance fee:
With effect from 20 December 2017, the performance fee measurement method will be changed from "1/3 years period " to "1 year period ". As a consequence, the performance fee measurement period will last 12 months, regardless of whether any performance fee was due or not at the end of the preceding period. The first 1 year period will start on the 20th December 2017 and will end on the 30th November 2018.
Investors do not need to take any action. The shareholder notification can be viewed opposite.