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Subcategories from this category: Aberdeen Standard Investments
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We are receiving a number of enquiries in relation to the TeX communications issued on 14 November 2019.

This communication confirms that as of 25 November 2019 Architas Multi-Manager Limited, Quilter Investors and Schroder Unit Trust Limited will NOT be able to support TeX v3.2 and will be (temporarily) unable to continue with our TeX solution.

Any ISA Encashment transactions not instructed by 12pm, or Asset Re-registrations (Stock Transfers) not instructed by 6pm on 22 November 2019 will be required to revert to a manual paper based solution.

We hope this is a temporary situation, and when these Fund Groups are ready to re-join we will ensure further TeX communications are issued.



TeX communication:

Subject: Suspension of Electronic Transfers for SS&C Fund Groups

 

Please be advised that the following SS&C Fund Groups will be unable to meet the Market Practice v3.2 upgrade date of 25 November 2019 and as such will be removed from the Electronic Transfer service on this date.

Architas Multi-Manager Limited                (Current business BIC: CLAOGB2LAMM)

Quilter Investors                                          (Current business BIC: CLAOGB2LOLD)

Schroder Unit Trust Limited                       (Current business BIC: CLAOGB2LSCH)

From 25 November any instruction submitted to the existing SWIFT details will not be processed and any transfer requests should be sent via POST until further notice.

When the above Fund Groups are re-connected to the service further communications will be issued with new connection details.

If you have any questions, please contact the SS&C ADS Team at ReReg@uk.dstsystems.com.

Kind Regards

TeX Support



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Schroders will be undertaking phase 2 conversions on the 30th of November. For further information please click here.
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Please be advised that the below SS&C TeX member will migrate to the Altus ATG platform on 18 November 2019 and will therefore change their electronic transfer details. Please see the Electronic Re-Registration Connection Details for full details. 
   
Allianz Global Investors GmbH UK  
Artemis Fund Managers Limited  
AXA IM UK Limited  
BMO Global Asset Mgmt  
Fund Partners Limited  
FundRock-FP Apollo Multi Asset Mgmt  
FundRock-FP Argonaut Funds  
FundRock-FP CAF Investment Fund  
FundRock-FP Frontier Invt Mgmt ICVC  
FundRock-FP Henderson Rowe  
FundRock-FP Octopus Invt Funds  
FundRock-FP Pictet OEIC  
FundRock-FP Russell ICVC  
FundRock-FP SC Davies Funds  
FundRock-FP Volare  
FundRock-FP WHEB Asset Mgmt Funds  
Royal London Unit Trust Managers   
   
On the same date the listed Fund Group(s) will upgrade to UKETRG market practice version to v3.0, please note however we will not support partial transfer or encash all requests at this time.  

Please ensure that action is taken to update the necessary data within your electronic transfers solution with effect from 18 November 2019.  
   
If you have any questions, or have any administrative requirements to action this change, please contact the SS&C ADS Team at ReReg@uk.dstsystems.com, or your solution provider. 
 
PLEASE NOTE: If the necessary configuration data is not set up, you will not be able to continue to conduct electronic re-registration with these participants.  
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M&G has written to shareholders of the shareclasses listed in the table below to inform them of the proposal to merge the funds into a Charity Authorised Investment Fund (CAIF) regulated by the Financial Conduct Authority (FCA) on Friday 15 November 2019.

This action requires the approval of the relevant Shareholders. M&G will host an EGM for shareholders where the written proposal to merge the funds will be proposed and votes will then be cast and counted.

The result will also be available after 3pm on the afternoon of Friday 4 October 2019 on our website (www.mandg.co.uk) or by calling us.




Should you have any queries on this communication please see the contact details for M&G Charities by clicking here.

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Dimensional Fund Advisors has appointed SS&C as administrator for its UK domiciled funds, Dimensional Funds ICVC ("the funds") effective from trade date 4th November 2019


For further information please click Here

For Bank Details please click Here  - Please note that these details are only applicable for trades placed on or after the 4th November 2019

For Fund Information please click Here


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Please be informed that JP Morgan have recently issued a website notice explaining that Declaration of Non-Dealing days for JPMorgan Fund ICVC, JPMorgan Fund II ICVC and JPMorgan Fund III ICVC. 
The Prospectuses have been updated to reflect that the Authorised Corporate Director (the “ACD”) may declare non-dealing days on a day or days on which any exchange or market on which a substantial portion of a Fund’s investments are traded is closed; and other days at the ACD’s discretion.  


   
Impacted Funds:  
Various – see LINK

Dates:
28 November and/or 31 December 2019
   
   
   
https://am.jpmorgan.com/gb/en/asset-management/gim/adv/events/news-and-announcements
 
https://am.jpmorgan.com/gb/en/asset-management/gim/per/guidance-and-planning/news-and-announcements

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Jupiter has received FCA approval for clarificatory changes to its fund objectives and policies and the introduction of non-dealing days. Please find attached a copy of the circular which we have posted to unitholders and agents on the 28th June 2019. We have also taken the opportunity in the circular to notify a change in the funds’ Depositary and fund accounting provider.

The Effective Date will the 6th September 2019.

Copy of Circular

Changes to UK Fund Range

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Effective 31 October 2019, the following changes will be made to the Invesco Hong Kong & China Fund (UK):

 

  • Fund name changes to Invesco China Equity Fund (UK)
  • Increased flexibility for the Fund to invest in China A Shares via Stock Connect. Whilst the Fund will have the flexibility to invest up to 100% in China A shares, the proportion of the Fund’s portfolio invested in China A shares will not change substantially in the shorter term.

 

All fund codes will remain unchanged.

 

The changes affect the following share classes:

 

Current Name

SEDOL

ISIN

New Name

Invesco Hong Kong & China Fund (UK) Accumulation Shares

3302833

GB0033028332

Invesco China Equity Fund (UK) Accumulation Shares

Invesco Hong Kong & China Fund (UK) Accumulation
(No Trail) Shares

B3RW8C7

GB00B3RW8C79

Invesco China Equity Fund (UK) Accumulation
(No Trail) Shares

Invesco Hong Kong & China Fund (UK) Accumulation
(Y) Shares

BJ04HS1

GB00BJ04HS18

Invesco China Equity Fund (UK) Accumulation
(Y) Shares

Invesco Hong Kong & China Fund (UK) Accumulation
(Z) Shares

B8N44V3

GB00B8N44V30

Invesco China Equity Fund (UK) Accumulation
(Z) Shares

 

 

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Morgan Stanley are undertaking a Share class conversion the 5th November 2019 , for full information please click Here


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Please be advised there will be an outage on the below dates.  

  • Saturday 26th October from 14:00 until Midday Sunday 27th October  
  • Saturday 9th November from 14:00 until Midday Sunday 10th November.  
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Liontrust Asset Management PLC has completed the acquisition of Neptune Investment Management Ltd, which became effective on 1 October 2019.

The SS&C administered Neptune funds have been renamed to align with the Liontrust branding as shown in the below table:

 

Neptune Investments Funds: OEICs

 

Liontrust Investment Funds: OEICs

 

Neptune China Fund

 

Liontrust China Fund

 

Neptune European Opportunities Fund

 

Liontrust European Opportunities Fund

 

Neptune Global Alpha Fund

 

Liontrust Global Alpha Fund

 

Neptune Global Equity Fund

 

Liontrust Global Equity Fund

 

Neptune Global Income Fund

*

Liontrust Global Dividend Fund

*

Neptune Income Fund

 

Liontrust Income Fund

 

Neptune India Fund

 

Liontrust India Fund

 

Neptune Japan Opportunities Fund

 

Liontrust Japan Opportunities Fund

 

Neptune Latin America Fund

 

Liontrust Latin America Fund

 

Neptune Russia Fund

 

Liontrust Russia Fund

 

Neptune UK Mid Cap Fund

 

Liontrust UK Mid Cap Fund

 

Neptune UK Opportunities Fund

 

Liontrust UK Opportunities Fund

 

Neptune US Income Fund

 

Liontrust US Income Fund

 

Neptune US Opportunities Fund

 

Liontrust US Opportunities Fund

 

 

 

 

 

Neptune Investment Funds II

 

Liontrust Investment Funds II

 

Neptune Emerging Markets Fund

 

Liontrust Emerging Markets Fund

 

Neptune Global Smaller Companies Fund

 

Liontrust Global Smaller Companies Fund

 

 

 

 

 

Neptune Investment Funds IV

 

Liontrust Investment Funds IV

 

Neptune Global Technology Fund

 

Liontrust Global Technology Fund

 

Neptune Japan Equity Fund

 

Liontrust Japan Equity Fund

 

 

 

 

 

Neptune Balanced Fund (Unit Trust)

 

Liontrust Balanced Fund (Unit Trust)

 

 

There have been no changes to any further fund or settlement details at present and you can continue to trade in line with the current EMX and CTN hubs for Neptune.

Should you have any queries on this communication please contact the SS&C Distributor Client Services Team, our contact details can be found by clicking here.


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The annual Chinese ‘Golden Week’ holiday period will take place from Tuesday 1 October to Monday 7 October 2019 inclusive. This means investors will be unable to buy, sell, switch or convert shares or units in the below affected fund until dealing recommences on Tuesday 8 October 2019.    

This applies to the following fund:    

ASI China A Share Equity Fund  

ISIN FUND NAME   SHARE CLASS  
GB00BJR5NM39   ASI China A Share Equity Fund I Acc GBP 
GB00BJR5NN46   ASI China A Share Equity Fund K Acc GBP
GB00BJR5NP69   ASI China A Share Equity Fund M Acc GBP 
GB00BJR5NQ76   ASI China A Share Equity Fund Z Acc GBP  
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CRUX Asset Management Limited (“CRUX”) change of ACD from FundRock Partners Limited (“FPL”) to Thesis Unit Trust Management Limited (“TUTMAN”)     

The existing authorised corporate director ("ACD") of the CRUX funds, FPL is retiring and will be replaced by Tutman on 28th September 2019 resulting in some changes applicable to the following funds:

GBP ISINs:

GB00BYQJX104

GB00BYQJX435

GB00BYQJXM18

GB00BYQJXV09

GB0030613276

GB00B56N2X45

GB00B05MF837

GB00B5839S67

GB00BF5LQ488

GB00BTJRPV05

GB00BTJRPW12

GB00BTJRPZ43

GB00BTJRQ064

GB00BG5Q5X24

GB00BG5Q5Y31

GB00BG5Q5Z48

GB00BG5Q5V00

 

EUR ISINs:

GB00BYQJXG57

GB00BYQJXH64

GB00BG5Q6065

GB00BTJRPX29

GB00BTJRQ171

 

In line with this change of ACD, we are communicating changes that will apply to existing holdings.

 

The account numbers held for your CRUX fund range will stay the same within the TUTMAN environment from 30th September 2019. Any agent codes applied on accounts that hold Crux funds will also stay the same within the new environment.

 

Distributor Online Reporting

For accounts that you wish to be linked to Distributor Online Reporting, we will require new linking forms submitted to us alongside letters of authority. For forms that are provided to us prior to Friday 28th September 2019 we will link the accounts in readiness for the live date. Any forms provided to us after this date will need to be submitted via our Distributor Online Reporting (DOLR) Team.

 

Automated Dealing

 

EMX:

Dealing will be suspended from 12pm on Friday 27th September 2019 for all the above listed CRUX funds. The restrictions will apply to all the below FPL EMX hubs:

 

IFDS: GBP Funds

FUPA1: EUR Funds

 

Please be aware any trading submitted after the 12pm VP on Friday 27th September will be rejected until the funds are re-opened from 9am on Monday 30th September 2019 under TUTMAN:

 

GBP EMX participant ID: TUNIT 
Product code for Crux OEIC: 000127

EUR EMX participant ID: THUIT
Product code for Crux OEIC: 000126 

Calastone:

From 12pm on 27th September 2019 the above mentioned funds will be suspended from trading. Please be aware any trading submitted after the 12pm on 27th September will be rejected until the funds are re-opened at 9am on Monday 30th September 2019 under TUTMAN.

 

Electronic Re-Reg:

We will be restricting Electronic Plan and ISA transfers (TeX transfers) for the CRUX funds. The last traded valuation point will be 20th September 2019 and the service will be re-enabled from 9am on Monday 30th September 2019 under TUTMAN. If you have any urgent transfers to be completed during this time please submit these by post to the administration address which can be found on www.dstdistributorportal.com

 

New Company Name: Thesis Asset Management (Crux)

Brand: Crux

Business Entity BIC (BIC11): ALUSGB21CRU

SWIFT DN: ou=cru,ou=atgfunds2,o=alusgb2l,o=swift

 

Manual Dealing and Settlement

 

Manual Dealing:

Please refrain from any manual dealing after 12pm on 27th September 2019 and submit them from 9am on Monday 30th September 2019 instead. Any trades submitted after 12pm on Friday 27th September will be rejected due to the legal entity change of the ACD.

 

Settlement:

 

We will be closing CREST Settlement for the GBP CRUX funds prior to the transition. The last traded valuation point will be 12pm on Monday 23rd September 2019. No CREST settlement will then take place following this time until CREST is re-enabled at 9am on Monday 30th September.  Any trades placed after 12pm on Monday 23rd September to 12pm on Friday 27th September will need to be settled manually. We have contacted CREST users directly in line with this change.

 

CREST settlement will be re-opened on 30th September 2019 under the following ID:

 

Registrar Participant ID:

1TUAJ
Sponsored Product Provider Participant ID:

R098

 

Please ensure you have made all relevant internal parties aware of these changes and updates are made in line with the dates above.

 

For updated contact details, bank details and forms please refer to the below link on the live date 30th September 2019: https://www.dstdistributorportal.com/thesis

 

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Further to the recent communication to Natixis investors confirming that the below funds will close on 14/10/2019

The last valuation point for each share class will be 12:00 noon on the 14/10/2019 . Please note that business as usual dealing in the share classes listed below will cease at 12:00 on 08/10/2019.



Should you have any queries on this communication please contact the SS&C Distributor Client Services Team, our contact details can be found by clicking Here.
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Please click Here for further information relating to the Artemis Fund Closures on the 27th Of September.
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Please click here for more information on the Jupiter US Small & Midcap Companies Fund Closure
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Please click here for more information on the Standard Life Short Term Duration Money Market Fund Closure.
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The name of the Fund will change from Quilter Investors Global Best Ideas Fund to Quilter Investors Global Unconstrained Equity Fund.

There will also be a new charging structure by introducing a fixed charge element, the “Fixed Ongoing Charge”. This will replace the existing annual management charge (“AMC”).

Ext Code Long Name
Z63 Quilter Investors Global Best Ideas Fund A GBP Acc
Z78 Quilter Investors Global Best Ideas Fund R GBP Acc
Z97 Quilter Investors Global Best Ideas Fund U1 GBP Acc
Z88 Quilter Investors Global Best Ideas Fund U2 GBP Acc
E05 Quilter Investors Global Best Ideas Fund A EUR Acc
U28 Quilter Investors Global Best Ideas Fund A USD Acc
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We are aware of an issue being experienced by Calastone whereby trades are not being displayed within their EMS system.

At this time deals are being received by DST and processed as usual with response messages being issued back via CTN. Calastone are working on recovery on EMS as a matter of urgency.

Please refer to Calastone for any updates on this issue.
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