UOB – UOBAM Notice to Shareholders – United Choice Portfolios: United Asian Bond Fund, United Asian High Yield Bond Fund, United E-Commerce Fund
Notice to Shareholders
UOBAM would like to inform you of the following changes to the Funds which will take effect from 28 March 2022 (the “Effective Date”).
Currently, units in the Funds are classified as Specified Investment Products (“SIPs”) and capital markets products other than prescribed capital markets product.
From the Effective Date, units in the Funds will be classified as prescribed capital markets products1 and Excluded Investment Products2 (“EIPs”).
EIPs/prescribed capital markets products can be broadly defined as investment products which have terms and features that are generally less complex and are more easily understood by retail investors.
The classification of an EIP/prescribed capital markets product is determined by its complexity rather than its risk level. Due to the nature of the products and ease of understanding, investors can access these products without going through a Customer Account Review (CAR), as they also do not need to be overly concerned about the complexity of these products.
Accordingly, from the Effective Date, the Funds will not invest in any product or engage in any transaction which may cause the units of the Funds not to be classified as prescribed capital markets products and EIPs, notwithstanding anything contained in the prospectus or trust deed of the Funds.
For the avoidance of doubt, there is no change to the investment objective, focus and approach of the Funds.
For more details , please refer to the shareholder notice.