Proposed fund name and investment policy change – Aberdeen Islamic SICAV
On 8 August 2019 Aberdeen Standard Investments (“Aberdeen”) is proposing to change the name and investment policy of its Aberdeen Islamic SICAV Islamic Global Equity Fund.
Impacts on
these guided-architecture products
Impacts on
open architecture products including
- PIMS
- Choice
- Select
What is changing?
Aberdeen is changing the name of the Aberdeen Islamic SICAV Islamic Global Equity Fund (the "Fund") to Aberdeen Standard Islamic SICAV Islamic Global Equity Fund.
Aberdeen is also updating the investment policy in order to bring more flexibility to the management of the Fund.
A comparison of the current investment policy and the revised changes that will be applied to the Fund are detailed in the table below.
You can view a copy of the Aberdeen notification documents opposite.
| Current investment policy | New investment policy |
|---|---|
| The Sub-Fund is not permitted to borrow and will not be leveraged. | The Sub-Fund may borrow up to 10% of its net assets on a temporary basis provided that such borrowing is necessary and justified by the day-to-day operations of the Sub-Fund. In compliance with Shariah principles, no interest shall be charged to the Sub-Fund in case of such borrowing. The Sub-Fund is not permitted to borrow cash for purposes other than those referred to under the above provision, and will not be leveraged.
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For more information about Aberdeen Standard Investments visit https://www.aberdeenstandard.com