Notification of change to the underlying fund of R171 Ninety One GS Sterling Money

04 Nov 2024

We have been notified by the Directors of Ninety One Global Strategy Fund (the “Company”) of the following change to the underlying fund of the Ninety One GS Sterling Money  (the “Affected ILP Sub-Fund”). This change will take effect from 2 December 2024 (the “Effective Date”).

Appointment of Sub-Investment Manager

The Company has advised that on the Effective Date, Ninety One UK Limited (the ‘Investment Manager’) will appoint Ninety One SA Proprietary Limited as Sub-Investment Manager (the ‘Sub-Investment Manager’) of the underlying fund of the Affected ILP sub-fund (the “Underlying Fund”).

The Sub-Investment Manager, in common with the Investment Manager, is a member of the Ninety One group.

The reason for the appointment of the Sub-Investment Manager is due to a member of the Underlying Fund’s investment team relocating from the United Kingdom to South Africa. The Investment Manager believes the appointment of the Sub-Investment Manager will ensure continuity of the investment team.

The investment policy of the Affected ILP sub-fund will remain unchanged and the investment objective and style, as well as risk profile will remain the same.

These changes will take effect automatically and policyholders do not need to take any action. 

We have contacted impacted policyholders and their financial advisers to notify them of the changes; primarily by e-shot, with letters sent by post where we do not hold a valid email, and to those who prefer to receive letters by post. A sample of the communication can be viewed in the sidebar.

Should you have any questions regarding these changes, please contact the Investment Marketing Team.