Notification of changes to the underlying funds of various First State funds

17 July 2020

- R30 First State Asian Equity Plus

- R31 First State Greater China Growth

- R51 First State China Growth

We have been notified by First State Global Umbrella Fund plc (the “Company”) of the upcoming company rebrand, investment manager changes and underlying fund name changes of the underlying funds of the above named mirror funds. These changes will take effect from on or around the 22 September 2020 (the “Effective Date”).

Rebrand to First Sentier Investments

Please see the below extract for the rationale behind the company rebrand, taken from the Shareholder Circular of the underlying funds of the mirror funds.

“First State Investments is rebranding to First Sentier Investors in September 2020.

The brand change is part of a global re-branding program which began in 2019 after First State Investments (Colonial First State Global Asset Management in Australia) was acquired by Mitsubishi UFJ Trust and Banking Corporation (MUTB), a wholly-owned subsidiary of Mitsubishi UFJ Financial Group, Inc. (MUFG). At that time, First State Investments decided to progress towards a single corporate global brand name in all markets.

For the past 6 months, First State Investments has been operating as First Sentier Investors in Australia and will now progressively move to that name across all global markets, with a final transition date scheduled for September 2020.

There will be no change to our investment teams or the way our funds are managed. This is a corporate brand name change only to allow us the benefit of operating as a unified global business.”

Please see the table for more details of the underlying company name change of the underlying funds of the above named mirror funds:

 

Before the Effective Date

With effect from the Effective Date

Underlying company name of the underlying funds of the mirror funds

First State Global Umbrella Fund plc

First Sentier Investors Global Umbrella Fund plc

Change of name of Investment Manager and certain Sub-Investment Managers of the underlying funds of the mirror funds

Please see the table below for more details on the change of name of Investment Manager and Sub-Investment Manager of the underlying funds of the mirror funds:

 

Before the Effective Date

With effect from the Effective Date

Investment Manager of the underlying funds of the mirror funds

First State Investments (Hong Kong) Limited

First Sentier Investors (Hong Kong) Limited

Sub-Investment Managers of the underlying funds of the mirror funds

First State Investment Management (UK) Limited
First State Investments (Singapore)

First Sentier Investors (UK) IM Limited
First Sentier Investors (Singapore)

For the avoidance of doubt, the above are purely name changes and there is no change in entity of the Investment Manager and the relevant Sub-Investment Managers of the underlying funds of the mirror funds.

Change of name of the underlying funds of the mirror funds

Please see the tables overleaf for more details of the change of name of the underlying funds of the mirror funds:

 

Before the Effective Date

With effect from the Effective Date

Mirror Fund Name and Code

R30 First State Asian Equity Plus

R30 FSSA Asian Equity Plus

Underlying fund name of the Mirror Fund

First State Asian Equity Plus Fund

FSSA Asian Equity Plus Fund

 

Before the Effective Date

With effect from the Effective Date

Mirror Fund Name and Code

R31 First State Greater China Growth

R31 FSSA Greater China Growth

Underlying fund name of the Mirror Fund

First State Greater China Growth Fund

FSSA Greater China Growth Fund

 

Before the Effective Date

With effect from the Effective Date

Mirror Fund Name and Code

R51 First State China Growth

R51 FSSA China Growth

Underlying fund name of the Mirror Fund

First State China Growth Fund

FSSA China Growth Fund

 

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