Notification of changes to the underlying funds of Aberdeen Standard SICAV I ILP sub-funds
05 Jul 2022
Notification of changes to the underlying funds of the investment-linked policy ("ILP") sub-funds:
- R144 Aberdeen Standard SICAV I Global Innovation Equity
- R111 Aberdeen Standard SICAV I Asia Pacific Equity
(together the “Affected ILP sub-funds”)
We have been notified by the Board of Directors of Aberdeen Standard SICAV I (“Abrdn”) of the following upcoming changes to the underlying funds of the Affected ILP sub-funds. These changes will take effect from 1 August 2022 (the “Effective Date”).
SUMMARY OF THE CHANGES
From the Effective Date, the underlying funds of the Affected ILP sub-funds will be classified as Article 8 under the EU’s Sustainable Finance Disclosure Regulation (“SFDR”). The underlying funds of the ILP sub-funds will incorporate positive and negative screening based on ESG factors and societal norms, such as the 10 Principles of the UN Global Compact. In addition, securities with the highest ESG risks will be screened out via Abrdn’s proprietary ESG house score along with quantitative and qualitative inputs and asset class specific screens.
| ILP sub-fund name (before the Effective Date) | ILP sub-fund name (from the Effective Date) | ILP sub-fund Investment Objective (from the Effective Date) |
| R144 Aberdeen Standard SICAV I Global Innovation Equity | No change | The underlying fund’s investment objective is long term total return to be achieved by investing at 70% of the underlying fund’s assets in equities and equity-related securities of companies of all sizes who business models are focused on and/or benefit from all forms of innovation, listed on global stock exchanges including Emerging Markets. |
| R111 Aberdeen Standard SICAV I Asia Pacific Equity | R111 Aberdeen Standard SICAV I Asia Pacific Sustainable Equity | The underlying fund’s investment objective is long term total return to be achieved by investing at least 90% of the Underlying fund’s assets in equities and equity-related securities of companies listed, incorporated or domiciled in Asia Pacific countries (excluding Japan) or companies that derive a significant proportion of their revenues or profits from Asia Pacific countries (excluding Japan) operations; or have significant proportion of their assets there. The underlying fund may invest up to 30% of its net assets in Mainland China equity and equity-related securities, although only up to 20% of its net assets may be invested directly through available QFI regime, the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programme or by any other available means. |
For full details regarding the changes, please refer to the Abrdn shareholder notification and sample policyholder letter opposite.
Should you have any questions regarding these changes, please contact the Investment Marketing Team.
