Changes made to the Scottish Equitable Fidelity South East Asia fund

Back to results

From the 30 May 2016, we’ll be making changes to the Scottish Equitable Fidelity South East Asia fund. 

The fund’s name, benchmark and fund objective will change, to reflect the fact that it can invest across the whole of Asia, and not just South East Asia.

Details of these changes are outlined in the following table:

Scottish Equitable (SE) fund name before 30 May 2016 Scottish Equitable (SE)fund name from 30 May 2016
SE Fidelity South East Asia SE Fidelity Asia
Benchmark before 30 May 2016 Benchmark from 30 May 2016
MSCI AC Far East ex Japan MSCI AC Asia ex Japan
Fund objective before 30 May 2016 Fund objective from 30 May 2016
This fund aims to provide long-term capital growth by investing in the shares of companies throughout the Pacific Basin but excluding Japan. The fund is likely to have a bias towards larger companies, it isn’t restricted in the choice of a company either by size or industry, or in terms of the geographical split of the portfolio which is largely determined by the availability of attractive investment opportunities, rather than the outlook for each market. This fund aims to provide long-term capital growth by investing in the shares of companies throughout Asia excluding Japan. The fund is likely to have a bias towards larger companies, it isn’t restricted in the choice of a company either by size or industry, or in terms of the geographical split of the portfolio which is largely determined by the availability of attractive investment opportunities, rather than the outlook for each market.

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.

Why are we making these changes? 

The underlying fund manager, Fidelity International, recently reviewed this fund and decided to change its name in order to provide a more accurate representation of where it invests and the opportunities on offer across the broader region, in particular in China and India. 

As a result, the fund’s benchmark was changed to MSCI AC Asia ex Japan.

What does this mean for existing investors?

You don’t need to do anything, the charges and Aegon risk rating have remained the same. We’re writing to all those invested in the fund to tell them about the changes and to give them the opportunity to discuss the change with their advisers. 

The changes will be implemented gradually across our website and supporting literature, so you may notice both the old and new fund name and description in use for a time.