Various fund policy and name changes – Parvest Funds
BNP Paribas Asset Management Limited ("BNP") has announced various changes to funds across its range which will take effect from 30 August 2019.
Impacts on
these guided-architecture products
Impacts on
open architecture products including
- PIMS
- Choice
- Select
Summary of changes - funds featured in our guided-architecture fund ranges
We have a number of funds across our guided fund ranges affected by the BNP fund name and objective changes.
Change of fund name
The fund ‘Parvest Energy Innovators’ will be renamed to ‘BNP Paribas Funds Energy Transition’.
The fund ‘Parvest Equity Brazil’ will be renamed to ‘BNP Paribas Funds Brazil Equity’.
Change of investment policy - Parvest Energy Innovators
The investment policy will be updated according to the change of name of the fund from Energy Innovators to Energy Transition.
The change will trigger an extension of the types of assets the fund invests in. The investment manager will consider extensively the energy connected sectors such as transitional energy, energy efficiency, sustainable transport, green building and infrastructure in addition to the renewable and alternative energy sources. We have written to our guided-architecture plan owners, or their appointed investment adviser, informing them of the changes. Servicing financial advisers will receive a sample of the letter for their information.
Funds available in our open-architecture products
Various funds in our open-architecture products will be subject to a fund change of name and change of investment policy. All affected funds will be renamed in accordance with the changes advised by BNP.
You can view samples of the plan owner and investment adviser letters opposite along with the Threadneedle notification.
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For more information about BNP Paribas Asset Management visit www.bnpparibas-am.com