Various changes to Canaccord (CGWM) Funds
The Directors of Canaccord Genuity Investment Fund Plc (“the Plc”) will be making some changes to the sub-funds of the Plc which are expected to take effect from 1 April 2022 (the “Effective Date”).
Impacts on
these defined fund range products
Impacts on
open architecture products including
- PIMS
- Choice
- Select
A summary of the key changes which impact all sub-funds of the Plc is below.
Change of Management Company
As a result of a thematic review from the Central Bank of Ireland which assessed how fund management companies (“FMCs”) have implemented relevant Central Bank requirements and guidance in relation to the organization of FMCs, the Directors have decided that in order to meet the expectations of the Central Bank, an external FMC should be appointed to the Plc. As a result, the Directors will appoint KBA Consulting Management Limited as Management Company, replacing the existing FMC, Canaccord Genuity Management Company Limited. The appointment is subject to the approval of the Central Bank of Ireland and is expected to take effect on or around 1 April 2022.
It is not anticipated that the fees and charges of the Plc will increase as a result of the change in FMC.
Canaccord Genuity Wealth (International) Limited, who is the current Investment Manager of the Plc, will continue in its role.
Amendment to the fund names as part of a rebranding exercise
The Directors of the Plc have resolved to change the names of the sub-funds. In line with this, the Canaccord Opportunity fund that features in our defined fund range products, as listed opposite, will be renamed on the Effective Date, as follows:
| Fund name before Effective Date | Fund name after Effective Date | ISIN |
|---|---|---|
| Canaccord Opportunity A Acc USD | Canaccord Genuity Opportunity A Acc USD | IE00B3BRDK12 |
| Canaccord Opportunity A Acc GBP | Canaccord Genuity Opportunity A Acc GBP | IE00BSJCJC74 |
The Plc shareholder notification which provides full details of all changes taking effect, including name changes for the other sub-funds available to our open architecture products, can be found opposite.