26 Jul 2021 07:13
OSSIAM EMERGING MARKETS MINIMUM VARIANCE NR UCITS ETF (DEMV) OSSIAM EMERGING MARKETS MINIMUM VARIANCE NR: Notice to shareholders 26-Jul-2021 / 07:12 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. OSSIAM LUX Société Anonyme qualifying as a Société d'Investissement à Capital Variable Registered Office: 49 Avenue J.F. Kennedy - L-1855 Luxembourg R.C.S. Luxembourg B 160071 (the "Company")
Luxembourg, 26 July 2021
Notice to shareholders of the Company
Dear Shareholder,
The board of directors of the Company (the "Board") would like to inform you that the following amendments will be made to the prospectus of the Company: Amendment to the investment objective and policy of OSSIAM EMERGING MARKETS MINIMUM VARIANCE NR (the "Sub-Fund")
Please note that the Sub-Fund, which is currently a passively managed index tracking ETF sub-fund will become an actively managed ETF sub-fund promoting ESG characteristics in relation to the investments with effect as from 27 August 2021 (the "Effective Date").
Please find below a table setting out the current investment policy section and the updated investment policy of the Sub-Fund:
Change of name of the Sub-Fund
As a consequence of the above changes, please note that the name of the Sub-Fund will be changed from OSSIAM EMERGING MARKETS MINIMUM VARIANCE NR to OSSIAM EMERGING MARKETS ESG LOW CARBON with effect on the Effective Date, to reflect the amended investment policy of the Sub-Fund. Compliance with the provisions of Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability-related disclosures in the financial services sector (the "SFDR")
The SFDR defines two product categories: Products that promote environmental and/or social characteristics ("Article 8" products), and Products that have sustainable investment as their objective ("Article 9" products).
Please note that the Sub-Fund does not currently fall within any of the above categories.
However, as from the Effective Date, as a result of the changes to its investment objective and policy, the Sub-Fund will be in the "Article 8" category and its legal documentation includes: Information on how environmental and/or social characteristics are met, and If an index has been designated as a reference benchmark, information on whether and how this index is consistent with the environmental and/or social characteristics of the Sub-Fund.Compliance with AMF Position 2020-03 on the disclosure of non-financial criteria
Please note the new investment objective and policy of the Sub-Fund is aligned with the requirements set out in AMF Position 2020-03 on the information to be provided by collective investment schemes incorporating non-financial approaches, and the necessary disclosures have been made. Addition of risk factors in the section "Risk and Reward Profile" of the Sub-Fund
Please note that the following risk factors have been added in consideration of the New Investment Policy of the Sub-Fund: "Market Risk (from 27 August 2021) The value of the Fund's Shares is linked to equities, the value of which may rise or fall. Hence, investors should note that the value of their investment could fall as well as rise and they should accept that there is no guarantee that the strategy of the Fund will indeed result in a return above any comparable investment strategy or that they will recover their initial investment. ESG Risk (from 27 August 2021) There is a risk that ESG investments may underperform the broad market. ESG information from third-party data providers may be incomplete, inaccurate or unavailable. As a result, there is a risk that the Management Company may incorrectly assess a security or issuer, resulting in the incorrect inclusion or exclusion of a security in the portfolio of a Fund."
Finally, a specific reference to the risks linked to investments in China A-Shares, in Russia and in Depositary Receipts, has been included. Change of the Dealing Deadline for classes UCITS ETF 1C (USD) & UCITS ETF 1C (EUR) and 2C (EUR) of the Sub-Fund
Please note that The Dealing Deadline when a Dealing Day is a Friday will be changed from 10:15 a.m. on the prior dealing day to 10:45 a.m on the prior dealing day Clarification of the continuous level of exposition to equity with respect to the German Investment Tax Act (GITA)
Please note that the Sub-Fund qualifies as an equity fund pursuant to GITA. In this respect, it has been clarified that the the continuous level of exposition to equity is at least 50%. Delisting of the share classes of the Sub-Fund from Euronext Paris
As a consequence of the change from a passively managed index tracking ETF sub-fund to an actively managed ETF sub-fund, please note that the following share class of the Sub-Fund will be delisted from Euronext Paris, in line with the requirements of the Autorité des marchés financiers ("AMF") on 26 August 2021.
The last trading day on Euronext Paris will be on 26 August 2021.
Following the above-mentioned delisting, the share class will only be removed from Euronext Paris. If investors want to sell their positions on the secondary market, it can be made on the following stock exchanges where the share class remains listed:
After the delisting from Euronext Paris, investors who purchased their shares on Euronext Paris and who intend to sell their holding may need to instruct their custodian or broker to transfer their shares into another stock exchange where the share class is listed prior to being able to sell their shares. Such instruction to custodians and brokers may involve additional costs to be paid by the investors. Investors who are invested through Euronext Paris should consult their custodian or broker as to the potential impact of the above delisting which may be specific to their individual case. Change of Dealing Deadline of OSSIAM EUROPE ESG MACHINE LEARNING
The Dealing Deadline for the sub-fund will be amended as follows:
]
Should you disagree with the planned changes mentioned above, you may redeem your shares, free of redemption charge until 26 August 2021 in accordance with the redemption procedure set out in the Prospectus.
The abovementioned changes will become effective as of 27 August 2021 and will be reflected in the next version of the Prospectus. Copies of the Prospectus reflecting the above changes will be available free of charge at the registered office of the Company, once available.
Any further information may be obtained by sending an email to info@ossiam.com.
Yours faithfully,
On behalf of the Company, The Board |
ISIN: | LU0705291812 |
Category Code: | CAN |
TIDM: | DEMV |
LEI Code: | 549300638ZUB446T5F70 |
Sequence No.: | 118401 |
EQS News ID: | 1221489 |
End of Announcement | EQS News Service |
UK Regulatory announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.