Changes to the investment policy of P33 Aberdeen Global Chinese Equity

19 July 2018

We have been informed by Aberdeen Global (“The Company”) that the underlying fund of P33 Aberdeen Global Chinese Equity will be subject to a change of investment policy, which is detailed below. This change is effective from 16 July 2018 (“The Effective Date”).

The Company has stated that:

“Presently this Fund may invest no more than 10% of its net asset value in Mainland China securities.

With effect from 16 July 2018, in order to bring more flexibility to the management of the Fund, the investment policy of the Fund will be amended to reflect an increase in the maximum exposure to Mainland China securities from 10% of the net asset value to 30% of the assets of the Fund, as follows:

“The Fund may invest up to 30% of its assets in equity-related securities of the above types of issuers listed on PRC stock exchanges or traded on other PRC markets, through available QFII and RQFII quotas, the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programme or by any other available means.”

The Fund will be subject to risks associated with investment made through a QFII / RQFII regime and risks associated with Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programme. When investing in eligible China A-Shares through the Shenzhen-Hong Kong Stock Connect, the Fund will also be subject to the risks associated with the Small and Medium Enterprise Board of the Shenzhen Stock Exchange and/or ChiNext Board of the Shenzhen Stock Exchange. Notwithstanding that the foregoing risks are existing risk factors of the Fund, the levels of which could reasonably be expected to increase due to an increase in the Fund’s intended maximum exposure to Mainland China securities”

The Company has also stated:

“Apart from the changes mentioned in paragraphs 2 and 3 above, there are no proposed changes in the operation and/or manner in which the Funds are being managed consequently there are no effects on existing investors.”

Should you have any questions regarding these changes, please contact International Funds & Investments.