Notification of changes to the underlying funds of various abrdn funds

08 Apr 2025

Notification of changes to the underlying funds of:

• R111 abrdn SICAV I Asia Pacific Sustainable Equity (USD)
• R143 abrdn SICAV I All China Sustainable Equity (USD)

(together the “Affected ILP sub-funds”)

We have been notified by the Board of Directors of abrdn SICAV I (the “Company”) of changes to the underlying funds of the Affected ILP sub-funds named above. The changes will take effect from 7 May 2025 (the “Effective Date”).

Update to prospectus and pre-contractual disclosure documents

The Company has advised that the prospectus and pre-contractual disclosure documents of the underlying funds of the Affected ILP sub-funds will be updated to align with new guidelines from the European Securities and Markets Authority on the use of Environmental, Social and Governance (“ESG”) or sustainability-related terms in funds' names.

From the Effective Date, the prospectus and pre-contractual disclosure documents of the underlying funds of the Affected ILP sub-funds will include reference to Paris-aligned Benchmark exclusions, in addition to their existing ESG exclusions. 

Paris-aligned Benchmark exclusions broadly prohibit investments in companies involved in controversial weapons or tobacco; having violated UN Global Compact principles or OECD Guidelines for Multinational Enterprises; or deriving revenues above certain specified thresholds from coal, oil, gas or electricity generation.

In addition, the language relating to committing to the minimum level of sustainable investments will be updated to expand and clarify the calculation methodology in relation to sustainable investments.

Updated pre-contractual disclosure documents will be made available as part of the prospectus of the underlying funds following the Effective Date.

These changes will take effect automatically and policyholders do not need to take any action. We recommend that policyholders seek the advice of their usual financial adviser before making any investment decisions.

We have contacted impacted policyholders and their financial advisers to notify them of the change; primarily by e-shot, with letters sent by post where we do not hold a valid email, and to those who prefer to receive letters by post. A sample of the client communication can be found opposite.

Should you have any questions regarding these changes, please contact the Investment Marketing Team.