Access to information contained on this website is exclusively reserved for professional investors in United Kingdom. Please read the important information below. This contains legal and regulatory information which applies to our company status, use of this website and information about any investment in our products referred to in this website. Note that you will have to accept these terms and conditions before you can proceed. Copyright 2021 by Nordea Investment Funds S.A. – all rights reserved.
Please note that you are required to read and accept the terms of our privacy policy and the use of cookies before you are able to access our websites.
For full privacy and cookie policy please refer to the link below.
Access to information contained on this website is exclusively reserved for investors in United Kingdom. Please read the important information below. This contains legal and regulatory information which applies to our company status, use of this website and information about any investment in our products referred to in this website. Note that you will have to accept these terms and conditions before you can proceed. Copyright 2021 by Nordea Investment Funds S.A. – all rights reserved.
Please note that you are required to read and accept the terms of our privacy policy and the use of cookies before you are able to access our websites.
For full privacy and cookie policy please refer to the link below.
You have requested to view an article or page that is not available in your domain, selected language and/or to your investor type.
Go to Home PageApril 2018
The shareholders (the “Shareholders“) of Nordea Fund of Funds (the “Company”) are hereby informed that a new prospectus of the Company (the “Prospectus”) will enter into force on 1st June 2018, unless a different date is defined for individual changes hereafter, for the purpose of including in the Prospectus, among others, the changes summarised below.
The investment policy remains the same. However the description of the investment policy has been simplified and clarified. For certain sub-funds, the first paragraph and the third paragraph of the investment policy have been merged to skip redundancy and overlapping. Please refer to the below table to find out which investment policy has been re-worded:
Nordea Fund of Funds – Multi Manager Fund Growth (former Nordea Fund of Funds – Multi Manager Fund Aggressive) |
The first paragraph of the investment policy is now worded as follow :
“The Sub-fund’s investment objective is to invest its net assets in other target funds (the “Target Funds”) of the open- ended type. The Sub-fund will invest between 55% and 95% of its Net Asset Value in Equity Funds. The remaining part of the portfolio will be invested in Target Funds primarily investing in Debt Securities, cash and other Transferable Securities”.
The current third paragraph has thus been removed |
Nordea Fund of Funds – Multi Manager Fund Balanced |
The first paragraph of the investment policy is now worded as follow:
“The Sub-fund’s investment objective is to invest its net assets in other target funds (the “Target Funds”) of the open – ended type. The Sub-fund will invest between 30% and 70% of its Net Asset Value in Equity Funds. The remaining part of the portfolio will be invested in Target Funds primarily investing in Debt Securities, cash and other Transferable Securities.
The current third paragraph has thus been removed |
Nordea Fund of Funds – Multi Manager Fund Moderate (former Nordea Fund of Funds – Multi Manager Fund Conservative) |
The first paragraph of the investment policy is now worded as follow:
“The Sub-fund’s investment objective is to invest its net assets in other target funds (the “Target Funds”) of the open-ended type. The Sub-fund will invest between 5% and 45% of its Net Asset Value in Equity Funds. The remaining part of the portfolio will be invested in Target Funds primarily investing in Debt Securities, cash and other Transferable Securities”.
The current third paragraph has thus been removed |
Nordea Fund of Funds – Multi Manager Fund Equity |
The first paragraph of the investment policy is now worded as follow:
“The Sub-fund’s investment objective is to invest its net assets in other target funds (the “Target Funds”) of the open- ended type. The Sub-fund will invest at least 90% of its Net Asset Value in Equity Funds. The remaining part of the portfolio will be invested in Target Funds primarily investing in bonds, cash and other Transferable Securities”. . The current third paragraph has thus been removed |
Nordea Fund of Funds – Multi Manager Fund Total Return |
No rewording the description remains the same.
The sentence “thus the Sub fund is a fund of funds has however been deleted” as this is redundant with the description itself. |
Nordea Fund of Funds – Tactical Allocation Balanced |
The second paragraph of the investment policy is now worded as follow:
“The Sub-fund’s investment objective is to invest its net assets in other target funds (the ”Target Funds”) of the open – ended type. The Sub-fund will regularly invest between 25% and 75% of its Net Asset Value in Equity Funds. The remaining part of the portfolio will be invested in Target Funds primarily investing in bonds, cash and other Transferable Securities”.
The current fifth paragraph has thus been removed |
Nordea Fund of Funds – Tactical Allocation Moderate (former Nordea Fund of Funds – Tactical Allocation Conservative) |
The second paragraph of the investment policy is now worded as follow:
“The Sub-fund’s investment objective is to invest its net assets in other target funds (the “Target Funds”) of the open – ended type. The Sub-fund will regularly invest less than 50% of its Net Asset Value in Equity Funds. The other part of the portfolio will be invested in Target Funds primarily investing in bonds, cash and other Transferable Securities”.
The current fifth paragraph has thus been removed |
Prospectus changes relevant for the Shareholders of all Sub-funds
“For investment purpose defined as countries with – compared e.g. to Europe – less developed economies (as measured by per capita Gross National Product) that have the potential for significant future growth. Markets in emerging countries are typically part of emerging markets indices, such as, but not limited to, MSCI Emerging Markets Index, or JP Morgan GBI Emerging Market Global Diversified Index.”
“Securities that encompass, inter alia, co-operative shares, participation certificates, equities, equity rights, dividend-right certificates, warrants on equities or on equity rights, and Participatory Notes”.
“Institutional investors within the meaning of article 174 of the Law of 17 December 2010, as may be defined from time to time by the guidelines or recommendations issued by the CSSF. In particular Institutional Investors include credit institutions, professionals of the financial sector – including investment in their own name but on behalf of third parties pursuant to a discretionary management agreement – insurance and reinsurance companies, pension funds, holding companies, regional and local authorities”
Each day on which the Net Asset Value per Share is calculated for a specific Sub-fund of the Company.
Unless otherwise defined in relation to a particular Sub-fund, a Valuation Day is a Business Day other than a Business Day on which any stock exchange or market, on which a substantial portion of the relevant Sub-fund’s investments is traded, is closed, restricted, suspended, cancelled or otherwise altered.
The substantial portion can be defined from time to time by the Board of Directors who may, as such, determine whether a Business Day shall be a Valuation Day or a non-Valuation Day. Requests for issue, redemption, transfer and switching of Shares of any Share Class are not processed on a non-Valuation day and will be processed on the next Valuation Day”.
“The Shares/Units in the Company/Fund may not be directly or indirectly offered or sold in the United States of America. US Persons may not subscribe for Shares/Units in the Company/Fund.
The term US Person, for the purpose of this Prospectus, means “U.S. Person” as defined by Rule 902 of Regulation S, and does not include any “Non-United States person” as used in Rule 4.7 under the U.S. Commodity Exchange Act, as amended.
U.S. Person” as defined by Rule 902 of Regulation S includes, but is not limited to:
(1) organized or incorporated under the laws of any foreign jurisdiction; and
(2) formed by a US person principally for the purpose of investing in securities not registered under the Securities Act, unless it is organized or incorporated, and owned, by accredited investors (as defined under Rule 501a under the Securities Act) who are not natural persons, estates or trusts.
For the avoidance of doubt, US Taxpayers may subscribe for Shares/Units in the Company/Fund, as long as they do not qualify as US Persons. As used herein, the term US Taxpayer refers to a “United States person”, as defined for US federal income tax purposes. For example, an individual who is a US citizen residing outside of the United States of America is not a US Person but is a US Taxpayer for US federal income tax purposes”.
In addition, it is now clarified that the settlement date for redemption and conversion is in principle the third Business Day from the relevant Valuation Day on which the order has been accepted. It is also specified that in addition to currency holiday the Board of Directors or its delegate can now decide to defer the settlement date on any Business Days when the Net Asset Value of the relevant Sub-Fund is not calculated in accordance with the definition of a Valuation Day. Finally the Prospectus now provides that the Board of Directors may, at any time, decide to close a to close a Sub-fund or a Share Class and not to accept any further Subscriptions and Conversions into the relevant Sub-fund or Share Class i) from new Investors who have not yet already invested into the said Sub-fund or into the said Share Class (“Soft Closure”) or (ii) from all any Investors (“Hard Closure”).”.
On any Business Day(s), when a lower portion of the Sub-fund’s assets, than the portion defined as substantial by the Board of Directors, cannot be traded due to a full or partial closure or other restrictions or suspensions on a relevant market.
The composition of (i) the board of the directors of the Company, (ii) the Management Company, and (iii) the conducting officer has been updated:
Shareholders who do not agree to the changes as described above may redeem their Shares free of any charges, with the exception of any local transaction fees that might be charged by local intermediaries on their own behalf and which are independent from the Company and the Management Company. Such instruction must be received in writing by Nordea Investment Funds S.A. (as Administrative Agent) at the below address by 31 May 2018 15:30 CET at the latest.
An updated version of the Prospectus dated June 2018 may be obtained, free of any charges, at the Registered Office of the Company or Nordea Investment Funds S.A. at 562, rue de Neudorf,
L-2220 Luxembourg, Grand Duchy of Luxembourg, and on the website www.nordea.lu, in the Download Centre, under the “KIID/Prospectus” section, as soon as the Luxembourg regulatory authority (the “CSSF”) has issued the visa-stamped official Prospectus or, if available, on local Nordea websites.
Capitalized terms in this notice shall have the meaning ascribed to them in the Prospectus unless the context otherwise requires.
Shareholders having any question relating to the above changes should not hesitate to contact their financial advisor or Nordea Investment Funds S.A., Client Relationship Services, on telephone +352 43 39 50 1 or the UK facilities agent, Nordea Bank AB, London Branch, its principal place of business being 5 Aldermanbury Square, London, EC2V 7AZ.
Luxembourg, 27 April 2018
The Board of Directors of Nordea Fund of Funds, SICAV