| Change Details | |
|---|---|
| Title | Invesco Fund Managers Ltd |
| Type | Other events |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 01 July 2024 |
| 1. Fund details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Fund Group | Invesco Fund Managers Ltd |
| Fund Name | Invesco Responsible Japanese Equity Value Discovery (UK) |
| Type of change | Name, Investment Policy & Investment Strategy Changes |
| Date change effective from | 01/07/2024 |
| Deadline for investors to switch out if appropriate | 11:00 on 01/07/2024 |
| Is the event subject to shareholder approval? | No |
| 2. Name change details | |
| Current Fund Name | New Fund Name |
| Invesco Responsible Japanese Equity Value Discovery (UK) | Invesco Japanese Equity Advantage (UK) |
| 3. Investment objectives | |
| Previous investment policy | The fund invests at least 80% of its assets in shares or other equity related securities of companies incorporated, domiciled or carrying out the main part of their economic activity in Japan which meet the fund’s environmental, social and governance (ESG) criteria as further detailed below. The fund follows the following ESG methodology: 1. Negative ESG screening: The fund will exclude companies with a certain level of involvement in some sectors, including but not limited to weapons, coal, fossil fuels, tobacco, adult entertainment and gambling, as well as companies not compliant with the UN global compact principles. The current exclusion criteria may be updated from time to time. 2. Positive ESG screening: The fund will also increase overall exposure to those companies with sufficient practice and standards in terms of ESG and sustainable development, based on the fund manager’s proprietary rating system. In pursuing the fund’s investment objective, the fund manager may consider it appropriate to also invest in other transferable securities (including non-Japanese companies), money-market instruments, collective investment schemes (including funds managed by the Invesco group), deposits and cash. The Fund intends to invest 100% of its assets (excluding cash and cash equivalents) in investments meeting the ESG screening criteria described above. |
| New investment policy | The fund invests at least 80% of its assets in shares or other equity related securities of companies incorporated, domiciled or carrying out the main part of their economic activity in Japan. In pursuing the fund’s investment objective, the fund manager may consider it appropriate to also invest in other transferable securities (including non-Japanese companies), money-market instruments, collective investment schemes (including funds managed by the Invesco group), deposits and cash. |
| Current Investment Strategy | • An active investment approach based on stock selection driven by the fund manager’s assessment of valuation and ESG characteristics. • Discovering companies that are attractively valued and demonstrate sustainable growth which are supported by sound ESG principles. • A flexible approach with no inbuilt bias to sector or company size. |
| New investment policy | • An active investment approach based on stock selection driven by the fund manager’s assessment of valuation. • Investing in companies which use their capital effectively and take advantage of intangible assets such as brand, technology and customer loyalty within a strong business franchise in order to maintain and grow their business. • A flexible approach with no inbuilt bias to sector or company size. |