Changes to the underlying fund of P82 Schroder Global Property Securities (USD) and P83 Schroder Global Property Securities (EUR)

09 November 2016

We have been informed by Schroder of a name change to the underlying fund into which the Friends Provident International P82 Schroder Global Property Securities (USD) and P83 Schroder Global Property Securities (EUR) funds invests. This change is effective from 01 December 2016.

As a result of the underlying fund name changing, the Friends Provident International P82 Schroder Global Property Securities (USD) and P83 Schroder Global Property Securities (EUR) funds names will also change with effect from the same date.

The fund name before and from the effective date is detailed in the table below:

Fund name and code before 01 December 2016	Fund name and code from 01 December 2016
P82 Schroder Global Property Securities (USD)	P82 Schroder Global Cities Real Estate (USD)
P83 Schroder Global Property Securities (EUR)	P83 Schroder Global Cities Real Estate (EUR)

In addition, Schroder have clarified the investment objective and policy for the underlying fund.

For further details of these changes, please select from the options below the appropriate letter for you.

Client letter for Rest of World Investors

Client letter for Singapore Investors

Please note that all other details of the fund remain unchanged.

Should you have any questions regarding these changes, please contact International Funds & Investments.