Benchmark change for the Scottish Equitable BlackRock Global Bond fund
On 19 March 2015, the benchmark index of the SE BlackRock Global Bond fund, the Barclays Capital Global Aggregate Unhedged GBP Index, was removed.24 March 2015
Why has this change been made?
Following an evaluation, BlackRock took the decision to change the way the underlying BlackRock Global Bond fund was managed. As part of this evaluation, BlackRock decided to remove the fund’s benchmark index.
By removing the benchmark, BlackRock aims to benefit from greater flexibility and a new unconstrained investment strategy. This means the manager can invest in the economic sectors, geographic areas and credit ratings that they feel will best enable them to achieve the fund’s investment objectives.
As a result of these changes, we’ve updated the fund description for the Scottish Equitable BlackRock Global fund shown below:
|Previous fund description||Updated fund description|
|This fund invests in a portfolio of international bonds to provide a combination of a good level of income and, where possible capital growth.||The fund aims to achieve a total return over the medium to long-term by investing in a portfolio of fixed income securities and money-market instruments denominated in various currencies issued by governments, agencies and companies worldwide.|
There’s no guarantee that the fund’s objectives will be met. The value of this investment can go down as well as up and investors may get back less than they invested.
What current investors need to do?
Current investors don't need to do anything. Nothing else has changed and the charges and Aegon risk rating have remained the same. The changes will be implemented gradually across our website and supporting literature, so you may notice both the old and new fund descriptions in use for a time.