Change of name of Aberdeen Standard Liquidity Fund (Lux)
Change of name of Aberdeen Standard Liquidity Fund (Lux) (the “Company") now going ahead on 22 January 2024 (the “Effective Date”).
SUMMARY OF CHANGES
Further to our original notification on the 14 September 2023 and the last notification of the postponement 11 October 2023, we have received further update from the Company that the name change from Aberdeen Standard Liquidity Fund (Lux) to abrdn Liquidity Fund (Lux), which includes multiple sub-funds is now going ahead and will take effect on the Effective Date.
This notification also includes the conversion of Aberdeen Standard Liquidity Fund (Lux) - Euro from Variable Net Asset Value MMF to Low Volatility Net Asset Value MMF
BACKGROUND TO CHANGES
The Company’s funds are part of the asset management business of Standard Life Aberdeen plc, who on 5 July 2021 changed its name to abrdn plc. Since then, the business has been gradually adopting the new name and branding across its fund ranges. The Board of Directors of the Company has now decided to amend the current name of the Company and its funds in line with the new abrdn branding.
The name change will have no impact to the investment objective, investment strategy or risk factors of the funds.
| ISIN | Name of fund before Effective Date | Name of fund after Effective Date |
|---|---|---|
| LU0090865873 | Aberdeen Standard Liquidity (Lux) EUR A2 Acc | abrdn Liquidity (Lux) EUR A2 Acc |
| LU0049015760 | Aberdeen Standard Liquidity (Lux) GBP A2 Acc | abrdn Liquidity (Lux) GBP A2 Acc |
| LU0049014870 | Aberdeen Standard Liquidity (Lux) USD A2 Acc | abrdn Liquidity (Lux) USD A2 Acc |
For further information please see Aberdeen Notification One opposite.
Changes to Aberdeen Standard Liquidity Fund (Lux) Euro
The Company will be converting the Aberdeen Standard Liquidity Fund (Lux) Euro Fund from a Variable Net Asset Value MMF to a Low Volatility Net Asset Value MMF. The Aberdeen Standard Liquidity Fund (Lux) Euro Fund was categorised in January 2019 to Variable Net Asset Value (short Term) MMF. This was due to a number of factors, predominantly being the current positive interest rate environment for fixed and floating Euro denominated money market instruments and deposits with credit institutions. As of the Effective date, the fund will convert to a Low Volatility New Asset Value (Short Term) MMF. With the fund converting to a Low Volatility New Asset Value the dealing cut off and valuation point will change from 13:00 CET to 14:00 CET.
For further information please see Aberdeen Notification Two opposite.
AVAILABLE IN OUR DEFINED FUND RANGE PRODUCTS
Lifeplan, Oracle, Quantum and Regular Savings Plan (Including Malaysia variants), Kudos, Paragon and Protected Lifestyle.
For more information regarding Aberdeen Standard Liquidity Funds (Lux) visit https://www.abrdn.com/en-gb