Notification of various changes to the underlying funds of our CGWM ILP sub-funds
21 Mar 2022
The Directors of Canaccord Genuity Investment Fund Plc (“the Plc”) will be making some changes to the Plc which are expected to take effect from 1 April 2022 (the “Effective Date”). A summary of the key changes of the Plc, which impact the underlying funds to our CGWM ILP sub-funds, is below.
Amendment to the fund names as part of a rebranding exercise
The Directors of the Plc have resolved to change the name of the underlying CGWM funds to our ILP sub-funds. In line with this, our ILP sub-funds will be renamed on the Effective Date, as follows:
| Before the Effective Date | After the Effective Date |
| R196 CGWM Affinity | R196 Canaccord Genuity Affinity (USD) |
| R202 CGWM Affinity (GBP) | R202 Canaccord Genuity Affinity (GBP) |
| R133 CGWM Diversity | R133 Canaccord Genuity Diversity (USD) |
| R186 CGWM Diversity (GBP) | R186 Canaccord Genuity Diversity (GBP) |
| R135 CGWM Diversity (SGD HDG) | R135 Canaccord Genuity Diversity (SGD HDG) |
| R102 CGWM Opportunity | R102 Canaccord Genuity Opportunity (USD) |
| R103 CGWM Opportunity (GBP) | R103 Canaccord Genuity Opportunity (GBP) |
| R136 CGWM Opportunity (SGD HDG) | R136 Canaccord Genuity Opportunity (SGD HDG) |
Change of Management Company
As a result of a thematic review from the Central Bank of Ireland which assessed how fund management companies (“FMCs”) have implemented relevant Central Bank requirements and guidance in relation to the organization of FMCs, the Directors have decided that in order to meet the expectations of the Central Bank, an external FMC should be appointed to the Plc. As a result, the Directors will appoint KBA Consulting Management Limited as Management Company, replacing the existing FMC, Canaccord Genuity Management Company Limited. The appointment is subject to the approval of the Central Bank of Ireland and is expected to take effect on or around 1 April 2022.
It is not anticipated that the fees and charges of the Plc will increase as a result of the change in FMC.
Canaccord Genuity Wealth (International) Limited, who is the current Investment Manager of the Plc, will continue in its role.
A sample of our policyholder notification advising of these changes, which has been issued by email or post to impacted policyholders, can be found opposite along with the Plc shareholder notification which provides full details of all changes taking effect.
