Changes to the underlying funds of CGWM funds

13 July 2018

Friends Provident International Limited (“Friends Provident International”) has been notified by Canaccord Genuity Wealth (International) Ltd (“The Company”) of a name change of the underlying funds into which P16 CGWM Select Global Diversity, P17 CGWM Select Global Affinity and P18 CGWM Select Global Opportunity invest, with effect from 13 July 2018 (the “Effective Date”). The names of P16 CGWM Select Global Diversity, P17 CGWM Select Global Affinity and P18 CGWM Select Global Opportunity will also be amended to reflect these changes, on the Effective Date.

Details of the name changes are summarised in the following table.

Mirror Fund & Code Before the Effective Date

Mirror Fund & Code After the Effective Date

P16 CGWM Select Global Diversity

P16 CGWM Diversity

P17 CGWM Select Global Affinity

P17 CGWM Affinity

P18 CGWM Select Global Opportunity

P18 CGWM Opportunity

 The Company has also advised of the proposed merger of the underlying funds into which the below listed funds invest. The Company expects this merger to complete in Q4 2018 (Between October and December 2018).

  1. P16 CGWM Select Global Diversity
  2. P17 CGWM Select Global Affinity
  3. P18 CGWM Select Global Opportunity
  4. P13 CGWM Select Diversity
  5. P14 CGWM Select Affinity
  6. P15 CGWM Select Opportunity

 The Company has stated:

“We are at the first stages with regards to the mergers so do not have any formal timings that we can communicate at this stage, however as soon as these progress, we will update you accordingly.”

Please be advised that this is not yet confirmed. We will provide an update regarding the proposed mergers once we receive further information from the Company.

Should you have any questions regarding this change, please contact International Funds & Investments.