Corporate Actions

A corporate action may affect any investment held through the Novia Global Wealth Management Service. This could involve a significant change to an investment including, amongst others:

  • A change of name, investment objective or policy.
  • A change to the level or nature of charges that apply to your investment.
  • Your investments closes, merges into another or becomes unavailable through the Service.
  • A change to the type, structure or regulation of your investment.

You may be unable to buy or sell investments via the service during the time in which we process corporate actions. This will include, amongst others, name changes, mergers or closures. It will typically not be possible to carry out transactions on investments about to undergo a corporate action for up to 20 business days prior to the effective date of the action.

Below you can find details of the investment affected, the corporate action that is going to happen and the date on which the change will become effective. You should check this page regularly to keep up to date with corporate actions and any impact they may have.

 

Effective Date Investment Affected Corporate Action
01/06/2016 Schroder International Selection Fund - sub-funds A number of changes are being applied to a selection of the Schroder International Selection Fund’s sub-funds. For further information on these changes, please contact Schroder on (+352) 341 342 212.
26/05/2016 Brooks McDonald Defensive Capital and Income Fund We have received notification that the Brooks McDonald Defensive Capital and Income Fund is to close immediately. Any clients holding this fund will have the holdings redeemed by the fund manager.
26/05/2016 Brooks McDonald Fixed Income Fund We have received notification that the Brooks McDonald Fixed Income Fund is to close immediately. Any clients holding this fund will have the holdings redeemed by the fund manager.
26/05/2016 Brooks McDonald Global Equity Income Fund

We have received notification that the Brooks McDonald Global Equity Income Fund is to close immediately. Any clients holding this fund will have the holdings redeemed by the fund manager.

27/04/2017 HSBC Global Investment Funds - Asia ex Japan Equity Smaller Companies

We have received notification that the HSBC Global Investment Funds Asia ex Japan Equity Smaller Companies fund has been closed to new subscriptions with effect from 10/05/2017.

30/06/2017 BlackRock Collective Investment Funds

We have received notification from BlackRock that the names of a number of sub-funds are changing with effect from 30/06/2017. For detailed information on the affected assets, please contact our client services team on clientservices@novia-global.com or BlackRock directly on uk.investors@blackrock.com or call on +(0) 44 800 44 55 22

04/07/2017 Henderson Multi-Manager Absolute Return 

We have received notification from Henderson that the Henderson Multi-Manager Absolute Return Fund A Acc EUR Hedged fund is changing name to the Henderson Multi-Asset Absolute Return Fund A Acc EUR Hedged and the Henderson Multi-Manager Absolute Return Fund I Acc is changing name to the Henderson Multi-Asset Absolute Return Fund I Acc with effect from 04/07/2017. 

31/07/2017 Schroder International Selection Fund - Euro Corporate Bond

We have received notification that the Schroder International Selection Fund Euro Corporate Bond (duration hedged share classes) will be closed to new investor subscriptions from 31/07/2017 and that additional investments from existing investors will no longer be accepted from 30/07/2018. For more detailed information on the nature of this change, please contact Schroders via email on simluxcsm@schroders.com or by calling (+352) 341 342 212.

07/08/2017 New Capital Asia Pacific Bond Fund

We have received notification from New Capital that the New Capital Asia Pacific Bond Fund is changing name to the New Capital Asia Value Credit Fund with effect from 07/08/2017. For further information please contact New Capital on enquires@newcapitalfunds.com

07/08/2017 New Capital All Weather UCITS Fund

We have received notification from New Capital that the New Capital All Weather UCITS Fund is changing name to the New Capital All Weather Fund with effect from 07/08/2017. For further information please contact New Capital on enquires@newcapitalfunds.com

14/08/2017 Aberdeen Global - Emerging Markets Local Currency Corporate Bond Fund

A number of changes are being applied to the Aberdeen Global Emerging Markets Local Currency Corporate Bond Fund. For further information on these changes, please contact Aberdeen on (+352) 46 40 10 820.

14/08/2017 Aberdeen Global - Indian Bond Fund

A number of changes are being applied to the Aberdeen Global Indian Bond Fund. For further information on these changes, please contact Aberdeen on (+352) 46 40 10 820.

14/08/2017 Aberdeen Global - Frontier Markets Bond Fund

A number of changes are being applied to the Aberdeen Global Frontier Markets Bond Fund. For further information on these changes, please contact Aberdeen on (+352) 46 40 10 820.

01/11/2017 Aberdeen Global - various funds

We have received notification from Aberdeen Global that the Aberdeen Global - Emerging Markets Corporate Bond Fund, Aberdeen Global Emerging Markets Local Currency Bond Fund, Aberdeen Global Emerging Markets Local Currency Corporate Bond Fund, Aberdeen Global Select Emerging Markets Bond Fund, Aberdeen Global Select Emerging Markets Investment Grade Bond Fund, and the Aberdeen Global Australian Dollar Income Bond Fund are each reducing their annual management charge, and therefore their level of total ongoings charges with effect from 01/11/2017. For further information please contact Aberdeen Global on +44 (0) 1224 425 255.

01/11/2017 Aberdeen Asset Management - Emerging Markets Bond Fund

We have received notification from Aberdeen Asset Managemernt that the Aberdeen Emerging Markets Bond Fund (I Class) is reducing its AMC with effect from 01/11/2017. Further information is available at www.aberdeen-asset.com

15/12/2017 Aberdeen Global  - Various Funds

We have received notification that the Aberdeen Global Japanese Equity X-2 (GBP) fund and the Aberdeen Global Select Euro High Yield Bond Fund D-2 (GBP will close with effect from 15/12/2017. For further information please visit the Aberdeen website - http://www.aberdeen-asset.com

12/01/2018 M&G - Episode Defensive Fund

We have received notification that the M&G Episode Defensive fund will close with effect from 02/02/2018. For further information please contact M&G on 00 352 2605 9944.

02/02/2018 Kames Equity Market Neutral Plus Fund We have received notification that the Kames Equity Market Neutral Plus Fund fund will close with effect from 02/02/2018. For further information please contact Kames Capital on + 353 1 622 4493.
23/02/2018 Aberdeen Global – Multi-Manager World Equity Fund We have received notification that the Aberdeen Global – Multi-Manager World Equity Fund is to merge into the Smart Beta Low Volatility Global Equity Growth with effect from 23/02/2018. For further information please contact Aberdeen Global on +353 46 40 10 820.
25/10/2018 M&G Funds We have received notification from M&G that there will be a temporary suspension from dealings in their funds due to a fund merger between the non-sterling shares of the UK funds into a new range of Luxembourg-domiciled sub funds. For confirmation of the full list of suspensions and the applicable dates, please call M&G on 0800 390 390.