Name change for the Scottish Equitable HSBC Life Amanah fund

Fund_Update.jpg

From 10 December 2018, we’re changing the name of the Scottish Equitable HSBC Life Amanah fund to the Aegon HSBC Life Islamic Global Equity fund.

In line with this change, the fund’s short name, which appears on statements, will also change. The changes are reflected in the table below:

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

 

Nothing else will change, the fund aims and objectives, fund manager, charges and Aegon risk ratings remain the same.

Why we’re changing the fund name

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

How this affects investors

We’ve written to investors in the Scottish Equitable HSBC Life Amanah fund, and their advisers, to let them know about the name change. Investors will start to notice the name change in our literature and on our website from 10 December 2018.

The change will be implemented gradually across our material, so you may notice both the old and new names in use for a time.

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.