UBS is proposing to change the name and investment objective of their fund. This proposal will be voted on in a special annual general meeting on 18 September 2023. The fund objective will continue to aim to grow the value of your investment across the medium to long term (defined as 3-5 years) but it will now look to do so by selecting investments which meet the Investment manager’s sustainability principles.
Standard Life is expecting this proposal to be approved and the changes to become effective on 25 September 2023. As a result, we’ll make the same proposed changes, and we’ll update all of our websites and literature to reflect the new fund name and description.
If the proposal is not approved, then we’ll update our website to confirm there will be no changes to the fund.
What does this mean for my clients?
If they’re invested in these funds, we’ll write to them about these changes. However, they don’t need to do anything, we’re just letting them know for their information.
Please speak to your Standard Life Account Manager for more information.
|Current fund name|
SL UBS Global Optimal Pension Fund (fund code – KT)
|Current fund description|
The SL UBS Global Optimal Pension Fund invests primarily in the UBS Global Optimal Fund. The aim of the UBS Global Optimal Fund is summarised below.
The UBS Global Optimal Fund (the "Fund") aims to grow the value of your investment and outperform the MSCI ACWI Index (the "Benchmark") after charges over the medium to long term (3 to 5 years). The Fund invests at least 70% in global equities. The Fund may also invest in other equities, bonds, warrants, money market instruments, deposits, currencies, cash and near cash and other funds, which may be managed by UBS. The Fund may use derivatives (financial instruments whose value is linked to an underlying asset or index) for efficient portfolio management. The Fund is actively managed and the strategy selects equities believed to be undervalued by the market. Investors can buy or sell shares every UK working day. The income in respect of an accumulation share class is not distributed but is retained in the Fund and reflected in the share price. The Fund is denominated in GBP (Sterling). As such, investors may be exposed to changes in the exchange rate between the underlying currency of the Fund's assets and GBP which may have a negative or positive impact on the returns. This Fund may not be appropriate for investors who plan to withdraw their money within 5 years of investment.
The value of any investment can fall as well as rise and is not guaranteed – you may get back less than you pay in.
|New fund name|
|SL UBS Global Sustainable Equity Pension Fund (fund code – KT)|
|New fund description|
The SL UBS Global Sustainable Equity Pension Fund invests primarily in the UBS Global Sustainable Equity Fund. The aim of the UBS Global Sustainable Equity Fund is summarised below.
The Fund aims to grow the value of your investment and outperform the MSCI ACWI Index (net dividend reinvested) (the “Benchmark”) after charges over the medium to long term (3 to 5 years) by investing globally in equities which meet the Investment Manager's sustainability criteria.
The value of any investment can fall as well as rise and is not guaranteed – you may get back less than was paid in.
The information on this site is for qualified financial advisers and must not be relied on by anyone else. If you are not an adviser please go to our customer website for more information about our products and services.