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Fund merger - Amundi Funds Equity Greater China fund

Amundi has announced its intention to merge its Amundi Funds Equity Greater China fund into the Amundi Funds China Equity Fund with effect from 21 June 2019.

Impacts on
these guided architecture products

Impacts on
open architecture products including

  • PIMS
  • Select
  • Choice

Reason for the merger

Following the company merger of Pioneer Investments with Amundi Group in July 2017. Amundi is carrying out a rationalisation of its products to provide a streamlined fund range across the enlarged Amundi Group. The Equity Greater China fund is one of the funds it has decided to merge as part of the rationalisation.


Action to be taken for Open-architecture policyholders

On the merger date, holdings will automatically transfer to the receiving "Amundi Funds China Equity fund" as detailed in the Amundi notification document opposite.


Action to be taken for Guided-architecture policyholders

We have now closed the merging fund to new business and switches in with immediate effect. Existing investors can continue to invest in the fund until Friday 14 June 2019, at which point holdings will be automatically switched, and any regular premium allocation redirected, into the Schroder ISF Greater China fund (the “alternative fund”).


The receiving fund proposed by Amundi as part of the merger is not in our fund range, so we have selected the alternative fund as it has a similar investment objective and risk profile to the merging fund, with lower fund charges.


We have written to our guided-architecture policyholders, or their appointed investment adviser, who are impacted by the mergers informing them of the action we will be taking and their option for switching to a new fund if they prefer. Servicing financial advisers will receive a sample of the letter for their information.


Fund name

Product affected

Merger date

Merger action

Amundi Fund Equity Greater China

AU-C USD - LU0165623512

Quantum, Oracle, Paragon, Quantum Malaysia, Regular Savings Plan & Regular Savings Plan Malaysia.

14 June 2019

Holdings will be switched into Schroder ISF Greater China A Acc USD - LU0140636845


You can view samples of the policyholder and investment adviser mailings opposite, along with the Amundi notification.


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For more information about Amundi Asset Management visit www.amundi.lu

Notifications

Sample letters