Notification of change to the underlying fund of BNP Paribas Brazil Equity
02 Jul 2025
- P89 BNP Paribas Brazil Equity
- H23 BNP Paribas Brazil Equity*
(together the “Affected Mirror Funds”)
We have been notified by the Board of Directors of BNP Paribas Funds (the “Company”) of an upcoming change to the underlying fund of the Affected Mirror Funds. The change will take effect from 1 August 2025 (the “Effective Date”).
Appointment of new investment management company
The Company has advised that it has undertaken a review of investment management capabilities across the entities of the BNP Paribas group. As a result, BNP Paribas Asset Management Singapore Limited will be appointed as a new investment manager of the underlying fund of the Affected Mirror Funds from the Effective Date.
There will be no change to the investment objective or policy of the underlying fund of the Affected Mirror Funds as a result of the appointment. It will not materially change the features and overall risk profile of the underlying fund of the Affected Mirror Funds, and there will be no change in the operations or the manner in which it is managed.
The Company has advised that the change of the investment manger will not result in any change in fees level or costs in managing the underlying fund of the Affected Mirror Funds, and no costs and/or expenses will be incurred in connection with the change.
This change will take effect automatically and policyholders do not need to take any action.
Should you have any questions regarding these changes, please contact the Investment Marketing Team.
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*Fund applicable to Hong Kong designated policyholders.
