Ignis Asset Management hat uns darüber informiert, dass folgende Fonds zum 22. Dezember 2017 liquidiert werden.Das bedeutet, dass der gesamte Fonds aufgelöst und das angelegte Kapital einschließlich der aufgelaufenen Erträge an die Anteilinhaber anteilig ausgeschüttet wird.
| Fondsname | WKN | ISIN |
|---|---|---|
| Ignis Absolute Return Government Bond Fund A EUR Hedged Dist | A1W6P4 | LU0980278237 |
| Ignis Absolute Return Government Bond Fund A EUR Hedged | A1JAR5 | LU0612891514 |
| Ignis Absolute Return Government Bond Fund A | A1JAR7 | LU0579398933 |
Fondsanteile können über die FFB ab sofort nicht mehr gekauft und bis zum 18. Dezember 2017 zurückgegeben werden.
Liquidationserlöse schreiben wir der jeweiligen Referenzbankverbindung unserer Kunden gut. Kunden, die zum Zeitpunkt der Auflösung ein FFB FondsdepotPlus besitzen, erhalten die Gutschrift
des Liquidationserlöses auf ihrem Abwicklungskonto.Kunden, die Pläne und/oder Bestände in diesem Fonds haben, informieren wir sowohl über die Auflösung als auch die Einstellung ihrer Pläne.Den dauerhaften Datenträger der Fondsgesellschaft haben wir Ihnen beigelegt. Hierbei handelt es sich um ein Schriftstück der Fondsgesellschaft. Der Inhalt des Dokumentes wird
von der FFB nicht geprüft. Für die Verwahrung und Administration von Anteilen und die Umsetzung von Aufträgen verweisen wir auf unsere allgemeinen Geschäftsbedingungen und unser Preis- und Leistungsverzeichnis.
Freundliche Grüße
Ihre FFB
IGNIS GLOBAL FUNDS SICAV
Société d’investissement à capital variable
Registered office: 4, rue Eugène Ruppert
L– 2453 Luxembourg
Grand Duchy of Luxembourg
R.C.S. Luxembourg B.156.474
20 November 2017 By registered mail
Notice to shareholders regarding the termination of Ignis Global Funds SICAV – Ignis Absolute Return Government Bond Fund
Dear Shareholder,
You are informed that the board of directors of Ignis Global Funds SICAV (the “SICAV”) has decided to terminate the sub-fund – Ignis Absolute Return Government Bond Fund (the
“ARGBF Sub-Fund”) on 22 December 2017 (the “Termination Date”) in accordance with article 25 of the SICAV’s articles of incorporation dated 28 October 2010 and the SICAV’s
prospectus (“General Information” section – “Termination of Sub-Funds” sub-section) dated August 2017 (the “Prospectus”).
Reasons for Termination
After careful consideration, the board of directors has taken the decision to terminate the ARGBF Sub-Fund, having determined that it cannot continue to be operated in an economically efficient manner. This is as a result of the significant redemptions from the ARGBF Sub-Fund since 2014, consequential substantial reduction in size and the potential for continuing redemptions. The ARGBF Sub-Fund no longer receives fee income sufficient to cover the costs for providing its investment management services. In addition, the board of directors believes that the ARGBF Sub-Fund can no longer meet its investment objectives and strategy without changes to the maximum leverage permitted under the risk management process. However, such changes could prevent distribution to certain categories of shareholders, noting the forthcoming new requirements imposed by Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments (MiFID II), and therefore prevent further the ability of the ARGBF Sub- Fund to be operated in an economically efficient manner.
Next Steps
The board of directors has also decided to suspend further subscriptions in the ARGBF Sub- Fund effective as of 20 November 2017.
Prior to the Termination Date, Ignis Investment Services Limited (the “Investment Manager”) shall continue to act in the best interests of all shareholders of the ARGBF Sub-Fund. The Investment Manager may now therefore decide to reduce the risks in the ARGBF Sub-Fund, such that the majority of the investments will be made in cash or money market instruments.
Consequently, the Investment Manager would cease to charge management fees to the ARGBF Sub-Fund and hence the ARGBF Sub-Fund would cease to charge shareholders a
management fee.
Two redemption options are available to you as shareholder, as set out below, which require your consideration.
No dilution levy will be applied to reduce the redemption value of your shares. In addition the fees and expenses associated with the termination of the ARGBF Sub-Fund will be paid for by
the Investment Manager.
Shareholder Redemption Options
The following options are available to you as shareholder of the ARGBF Sub-Fund:
Redemption Option 1: redemption of your shares in the ARGBF Sub-Fund before the Termination Date
You may elect to redeem your shares in the ARGBF Sub-Fund in accordance with the normal procedure set out in the Prospectus before 12 noon Luxembourg time on 21 December2017.
Redemption proceeds will be paid in accordance with the provisions of the Prospectus at the net asset value per share of the relevant class. Redemption Option 2: no action and your shares in the ARGBF Sub-Fund will be redeemed on the Termination Date
If you do not take any action, your shares in the ARGBF Sub-Fund will be compulsorily redeemed on the Termination Date at the net asset value per share of the relevant class. Redemption proceeds will be paid in accordance with the provisions of the Prospectus. Please note that redemption of your shares (and any subsequent investment) may have tax consequences. If you are in any doubt regarding your tax position then you should consult your professional adviser.
Subsequent Investment Options
Shareholders are subsequently encouraged to use or invest the cash redemption proceeds to best align with their own objectives. The board of directors is not offering any advice in this
regard. The Investment Manager notes that an investment manager within its group manages the Standard Life Investments Global SICAV Absolute Return Global Bond Strategies Fund (the
“ARGBS Fund”), a sub-fund of Standard Life Investments Global SICAV, a Luxembourg structure.
The ARGBS Fund has a comparable aggregate risk and return profile to the ARGBF Sub- Fund but there are differences including, but not limited to, the investment management universe and investment process. The key investor information documents, the prospectus as well as the application form for the ARGBS Fund can be obtained from the website www.standardlifeinvestments.com. Should you have any questions regarding this option, please contact your Relationship Manager, or email sli_gds@standardlife.com.
If you decide that the ARGBS Fund is suitable for your circumstances and you wish to invest, you are requested to submit a redemption request regarding your holding in the ARGBF Sub-
Fund before 12 noon Luxembourg time on 21 December 2017 and to submit a separate request for subscription of shares in the ARGBS Fund. Standard Life Investments Limited, the
investment manager of the ARGBS Fund, will facilitate a subsequent investment of your redemption proceeds in the ARGBS Fund with no issuing commission charged, otherwise
terms will be as set out in the Standard Life Investments Global SICAV prospectus. Please contact your Relationship Manager or email sli_gds@standardlife.com to arrange
paperwork to be issued or to obtain information on the documentation which is usually required by Standard Life Investments Global SICAV in relation to a subscription in the
ARGBS Fund, including for the purposes of complying with anti-money laundering requirements.
SICAV Liquidation
The board of directors has decided, notwithstanding the fact that the termination of the ARGBF Sub-Fund as the sole sub-fund of the SICAV will trigger the liquidation of the SICAV itself, to
proceed first with the termination of the ARGBF Sub-Fund instead of first convening an extraordinary general meeting of the SICAV’s shareholders for the purposes of deciding the
dissolution and subsequent liquidation of the SICAV. The Investment Manager shall subscribe for one share in the SICAV immediately after the Termination Date for the purposes of
participating in the dissolution and subsequent liquidation of the SICAV.
The board of directors consider that it is in the best interest of all shareholders to terminate first the ARGBF Sub-Fund, as this procedure is comparatively quicker and less expensive than
the procedure for dissolving the SICAV and putting it into liquidation.
The procedure for dissolving the SICAV and putting it into liquidation requires the appointment of a liquidator and an auditor.
The liquidator shall be in charge of (a) liquidating the assets and liabilities identified as assets and liabilities of the SICAV as at the date of dissolution of the SICAV and (b) drafting a report
on the liquidation, and the drafting of liquidation accounts. The auditor shall be in charge of (i) reviewing the liquidation accounts and the liquidator’s report and (ii) drafting a report on the
liquidation accounts and conformity of the liquidator’s report with the liquidation accounts. Whereas the termination of the ARGBF Sub-Fund will be carried out directly by the board of
directors without the need to appoint a liquidator or an auditor. The fees and expenses associated with the termination of the SICAV will also be paid for by the Investment Manager.
Further Questions
Should you have any questions regarding the content of this letter, please contact your Relationship Manager or email sli_gds@standardlife.com
Paying and Information Agent in Germany for Ignis Global Funds SICAV
Société Générale S.A.
Neue Mainzer Straße 46-50
D-60311 Frankfurt/Main
Copies of the SICAV’s articles of incorporation and any amendments thereto, the Prospectus, the Key Investor Information Documents as well as the audited annual report and, if subsequently published, the unaudited semi-annual report may be obtained free of charge in paper form at the office of the Paying and Information Agent. Subscription and redemption prices are available free of charge at the Paying and Information Agent as well.
Paying and Information Agent in Germany for Standard Life Investments Global SICAV
Deutsche Bank AG
Taunusanlage 12
60325 Frankfurt am Main
Copies of the SICAV’s articles of incorporation and any amendments thereto, the Prospectus, the Key Investor Information Documents as well as the audited annual report and, if subsequently published, the unaudited semi-annual report may be obtained free of charge in paper form at the office of the Paying and Information Agent. Subscription and redemption prices are available free of charge at the Paying and Information Agent as well.
Yours faithfully,
Ignis Global Funds SICAV
__________________________
By: Tracey McDermott
Director
