An update on the Scottish Equitable HSBC Life Amanah fund

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On 10 December 2018, we changed the name of the Scottish Equitable HSBC Life Amanah fund. We wrote to investors to tell them that the name was changing to the Aegon HSBC Life Islamic Global Equity fund. However, this name was incorrect and we apologise for any inconvenience caused.

Instead, the fund name was changed to the HSBC Life Islamic Global Equity Index fund. In line with this change, the fund’s short name, which appears on statements, also changed. The changes are reflected in the table below:

Old fund name New fund name
Scottish Equitable HSBC Life Amanah fund Aegon HSBC Life Islamic Global Equity Index fund
Old short name New short name
SE HSBC LIFE AMANAH AGN HSBC LFE ISLAMIC

Nothing else changed as a result of this; the fund aims and objectives, fund manager, charge and Aegon risk rating remained the same.

Why we changed the fund name

The underlying fund manager, HSBC, decided to change the fund name to give a more accurate representation of how the fund invests.

What investors need to do

Existing investors don’t need to do anything. If you’d like more information, please speak to your financial adviser. If you don’t have a financial adviser, you can find one in your area at unbiased.co.uk