From 9 February 2021, we’re making the following changes to the Scottish Equitable Stewart Investors Asia Pacific Leaders fund:
- The fund name will change to Scottish Equitable Stewart Investors Asia Pacific Leaders Sustainability fund.
- The Total Charge* for pension and life investors is decreasing from 1.88% to 1.83%.
- The Fund Charge** for ARC investors is decreasing from 0.88% to 0.83%.
The underlying fund manager, Stewart Investors, has also notified us that the fund’s objective is being updated. To ensure consistency, we’re updating our version of the fund.
We’ll update our literature gradually, so you may notice the old and new information in use for a time.
*This includes a standard 1% product charge, a fixed management fee and expenses that vary with the day-to-day costs of running the fund. Investors may pay a different product charge.
**This is on top of any product or adviser charge and includes a fixed management fee plus expenses that vary with the day–to-day costs of running the fund.
The changes in more detail
Name change
The underlying fund manager, Stewart Investors, decided to change the fund name to better reflect the fund’s objective. As a result, they believe using “Sustainability” in the title gives a better representation of the sustainable nature of the fund’s objective. To ensure consistency for customers, we’re changing our fund names to reflect the change. Details can be found in the table below:
| Pension & Life | |||
|---|---|---|---|
| Existing fund name | Existing short name | New fund name | New short name |
| Scottish Equitable Stewart Investors Asia Pacific Leaders | SE STEWART INV APL | Scottish Equitable Stewart Investors Asia Pacific Leaders Sustainability fund | SE Stewart Inv APLS |
| Aegon Retirement Choices (ARC) | |||
|---|---|---|---|
| Existing fund name | Existing short name | New fund name | New short name |
| Scottish Equitable Stewart Investors Asia Pacific Leaders (ARC) | ARC SE STEWART APL | Scottish Equitable Stewart Investors Asia Pacific Leaders Sustainability fund (ARC) | ARC SE STEWART APLS |
Changes to the fund’s objective
The underlying fund manager has also updated the fund’s objective, to better represent the sustainable nature of the portfolio. To ensure consistency, we’re updating our version of the objective. Details can be found in the table below:
| Old fund objective | New fund objective |
|---|---|
| This fund aims to achieve long-term capital growth by investing in shares of medium to large sized companies in the Asia Pacific region (including Australasia but excluding Japan). The companies it invests in are either based in or have significant operations in this region, and they generally have a total stock market value of at least $1 billion. | This fund aims to achieve capital growth over the long-term (at least five years) by investing in shares of medium to large sized companies (that generally have a total stock market value of at least $1 billion) in the Asia Pacific region (including Australasia but excluding Japan). The companies it invests in are either based in or have significant operations in this region and contribute to the sustainable development of the countries in which they operate. Although the fund’s investment policy excludes Japan, it may hold companies that are listed on the Japanese stock market that conduct a significant amount of business in the Asia Pacific region (excluding Japan). The fund may also use derivatives to reduce risk or to manage the fund more efficiently. |
What investors need to do
Existing investors don’t need to do anything. Please speak to a financial adviser if you’re unsure about what these changes mean for you. If you don’t have a financial adviser you can find one in your area at moneyadviceservice.org.uk