Changes to the Scottish Equitable JP Morgan New Europe fund

On 30 September 2015, the name of the Scottish Equitable JP Morgan New Europe fund will change to the Scottish Equitable JP Morgan Emerging Europe Equity fund. In addition, the investment objective will also slightly change.

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These changes will apply across our Pension and Aegon Retirement Choices (ARC) insured fund ranges. The changes to the fund are detailed below:

Existing fund name New fund name
Scottish Equitable JP Morgan New Europe fund Scottish Equitable JP Morgan Emerging Europe Equity fund
Existing short name New Short Name
JPM NEWEU JPM EMEEQ
Existing investment objective New investment objective

To provide long-term capital growth by investing primarily in companies operating or investing in central and eastern Europe and Russia.

The fund will invest in companies that are incorporated under the laws of, and have their registered office in an Emerging European country or Russia, or that derive the predominant part of their economic activity from Emerging European countries and/or Russia, even if listed elsewhere.

To provide long-term capital growth by investing primarily in Equity and Equity-Linked Securities of companies in European Emerging Markets countries, including Russia (“Emerging Europe Countries”).

The fund will invest in companies that are incorporated under the laws of, and have their registered office in Emerging Europe Countries, or that derive the predominant part of their economic activity from Emerging Europe Countries, even if listed elsewhere.

Why are we making these changes? 

JP Morgan, the underlying manager of the fund, has decided to change the name and investment objective of the underlying fund to better illustrate where and how it invests. 

As a result, we’re updating our fund name and investment objective to ensure it remains in line with the underlying fund. 

What does this mean for investors?

Nothing else has changed; the management, risk profile, risk rating and additional disclosable charges will remain the same.