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News
Rules of the non-UCITS funds Evli Global Multi Manager 40 and Evli Global Multi Manager 75 will b amended on May 26, 2008
The Board of Directors of Evli Fund Management Company Ltd has decided to amend the rules of the non-UCITS funds, Evli Global Multi Manager 40 and Evli Global Multi Manager 75. The most significant amendment concerns their conversion into funds governed by the so-called UCITS Directive, in which case the investment limits under section 5 of the funds' rules will be amended to correspond with the investment limits of a normal fund under the UCITS Directive.
The amendment to the rules means that the funds will be able to invest up to 20 % of their assets in a single mutual fund, in which case the assets will be distributed in at least five different funds. At the same time the rules have been updated to include a number of superficial changes in the legislation and official regulations and to conform with current practices. In addition, the obligation of non-UCITS funds to publish a quarterly report will be eliminated when the rule amendments come into force.
The Financial Supervision Authority confirmed the rule amendments, which concern all unit-holders, on March 12, 2008, and they will come into force on May 26, 2008. The rule amendments will have no effect on the fees collected by the funds or on the investment strategy they follow.
Our Investor Service will gladly provide further information on the fund rule amend-ments or other matters related to fund investment by phone at +358 203 20 555 or by email at investorservice@evli.com, Monday - Friday, 9 a.m. to 5 p.m. (Finnish time). The funds' amended rules and simplified prospectuses are available on the Internet at www.evli.com or from our Investor Service.
EVLI FUND MANAGEMENT COMPANY LTD
The amended fund rules and simplified fund prospectuses since 26 May, 2008:
Rules - Evli Global Multi Manager 40 Simplified Fund Prospectus – Evli Global Multi Manager 40
Rules - Evli Global Multi Manager 75 Simplified Fund Prospectus – Evli Global Multi Manager 75