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Blog posts from IFDS for news section.

Subcategories from this category: Aberdeen Standard Investments
Posted by on in News



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

EUR EMX participant ID: THUIT

 

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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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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Posted by on in News

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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  Current With effect from 9 September 2019

Name

AXA Framlington Blue Chip Equity Income Fund

AXA Framlington UK Equity Income Fund

Investment 
objective

The aim of this Fund is to produce higher than average income with long-term growth of income and capital.

The aim of this Fund is to produce higher than average income with long-term growth of income and capital. The Manager also intends to achieve a yield of distributable income in excess of 100% of the FTSE All Share yield at the Fund’s year end on a rolling 3 year basis, and in excess of 90% on an annual basis.

Investment 
policy

The Fund invests in shares of companies, primarily listed in the UK, which the Manager believes are leading companies within their sector and will provide above-average returns. The Fund invests generally in large companies. The Manager selects shares based upon analysis of a company’s prospects for future growth in dividend payments, financial status, quality of its management, expected profitability and prospects for growth. 

The Manager expects that the Fund’s portfolio will typically consist of shares of between 30-50 different companies, although the actual number of holdings could be greater or less than this range. The Fund may also invest in other transferable securities and units in  collective investment schemes. The Fund may use derivatives for Efficient Portfolio Management. Use may be made of borrowing, cash holdings, hedging and other investment techniques permitted in the applicable Financial Conduct Authority rules.

The Fund has at least 70% of its investments in shares of companies domiciled, incorporated or having significant business in the UK, which the Manager believes are leading companies within their sector and will provide above-average returns. The Fund has at least 51% of its investments in companies which are in the FTSE 100 index.  

The Manager selects shares based upon analysis of a company’s prospects for future growth in dividend payments, financial status, quality of its management, expected profitability and prospects for growth. The Manager expects that the Fund’s portfolio will typically consist of shares of between 30-50 different companies, although the actual number of holdings could be greater or less than this range.

The Manager has full discretion to select investments for the Fund in line with the above investment policy and in doing so may take into consideration the FTSE 350 Total Return index. The FTSE 350 Total Return index is designed to measure the performance of the shares of the 350 largest UK listed companies. This index best represents the types of companies in which the Fund predominantly invests. 

The Fund may also invest in other transferable securities, cash, deposits, units in collective investment schemes (including those managed or operated by, or whose authorised corporate director is, the Manager or one of its associates) and money market instruments. The Fund may use derivatives for Efficient Portfolio Management. Use may be made of borrowing, cash holdings, hedging and other investment techniques permitted in the applicable Financial Conduct Authority rules. The Fund invests in shares of companies primarily listed in the UK.

The FTSE 350 index may be used by investors to compare the Fund’s performance.

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This message is relevant to any shareholders with holdings in the UK Corporate Bond Fund.

With effect 2 September 2019, the UK Corporate Bond Fund will have a change of name.  All associated share class codes, on-going charges figures etc will remain the same; it is only the fund name which is changing as shown below:  


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Posted by on in News


On 14 August 2019, Architas Multi-Manger is launching the Architas Positive Future Fund, which will offer a simple approach to sustainable and responsible investing for consumers and their advisors.  
   
It aims to provide a first step solution into a curated portfolio of positively screened, esg integrated, impact investing and sustainable themed assets. Using a blend of active and passive funds, this multimanager UCITS fund will invest globally across equity, fixed income and alternative funds, guided by the UN Social Development Goals.
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Posted by on in News

Further to the recent Shareholder Circular informing current donor shareclass unitholders of the proposed Corporate Action events, these actions were subsequently approved at the Extraordinary General Meeting held on 22nd July 2019.  Dealing in the donor shareclasses will be suspended after the 12:00 VP on 22/08/2019 to allow the holdings in the donor shareclasses to be converted into the host share classes as detailed in the below table.

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

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Posted by on in News

The Aberdeen Standard Investments (’ASI’) brand was created in 2017 following the merger of Aberdeen Asset Management and Standard Life.  We believe that aligning the names of our UK funds with the new ASI brand will create consistency and simplicity for investors.  

   

Consequently, we have decided to take this opportunity to change the names of the majority of our UK funds to include the ‘ASI’ prefix at the beginning of each UK fund name in place of ‘Aberdeen’ or ‘Standard Life Investments’.  Certain funds, where Aberdeen Standard Capital is the sub-advisor, will have ‘Aberdeen Standard Capital’ at the beginning of each name in place of Standard Life Wealth.  

   

This will take effect on 7th August 2019; we have attached a document here which will provide you with a summary of the changes.  

 

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Further to the client notification letter that was sent on 24/05/2019 to notify the current unitholders of the upcoming closure, please be aware that the Absolute Return Bond Fund will be closed to dealing instructions at 12:00 on 23/07/19.

On 26/07/2019, the holdings in the closing shareclasses will be repurchased and the settlement proceeds will be issued to the unitholders.



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

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Posted by on in News

Following the recent Investor mailing advising of the forthcoming fund closure,  please be aware that the fund detailed below will be closing on 21 August 2019 (the effective date).  Please note that dealing in the fund will cease from 12 noon on Tuesday 20th  August 2019 to allow for commencement of closure of the Fund on the effective date.

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

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Posted by on in News

Please note that the Investec OEIC Series iv Global Dividend Fund will be closing on Wednesday 7th August 2019. The final day for dealing is Tuesday 6th August 2019 and trade orders need to be received before the 12 noon valuation point on this day. Any investor remaining in the Fund on Wednesday 7th August 2018 will have their holding compulsorily redeemed on this day. 

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

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Posted by on in News


Subject to Financial Conduct Authority ("FCA") approval, the termination of JPM America Equity Fund is scheduled for 30 August 2019. This covers the below ISINs:  


Fund Name SEDOL ISIN
JPM America Equity Fund A Accumulation   BGSHG95   GB00BGSHG957  
JPM America Equity Fund A Income   BGSHG84   GB00BGSHG841  
JPM America Equity Fund B Accumulation   BGSHGB7   GB00BGSHGB71  
JPM America Equity Fund C Accumulation   BGSHGD9   GB00BGSHGD95  
JPM America Equity Fund C Income   BGSHGC8   GB00BGSHGC88  
JPM America Equity Fund B Income   BM7SDL2   GB00BM7SDL21  
JPM America Equity Fund S Accumulation (suspended)   BYMFGC4   GB00BYMFGC43  
JPM America Equity Fund S Income (suspended)   BYMFGD5   GB00BYMFGD59  

   
Please click here for more information.
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DST have been working with Euroclear to enhance our EMX service, and move away from FIX to a new ISO connection.  As part of the preparation to achieve this, we will be implementing a change effective 8 July 2019.  

This change will result in DST no longer supporting account opening via EMX, which will be managed by making the account reference mandatory.  Therefore from Monday 8 July if the account reference field is blank when submitting an order, the request will be rejected.

Please ensure all relevant teams are aware of this change in readiness for 8 July 2019.

This affects the following Fund Groups



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DST Financial Services Europe Limited (DST) will take over the administration of the following FundRock sponsors effective from 15th July 2019;

 

Foresight

Luceo

Miton

Mattioli Woods

Octopus (additional fund range)

 

From this date, the fund range will be held under EMX participant ID “IFDS” and Calastone trading BIC reference “CLAOGB2LFPW”. The funds applicable to this change are as follows:

 

Fund Name ISIN Providers Product Currency
FP Foresight UK Infrastructure Income Fund A Inc GBP GB00BF0VS815 000088 GBP
FP Foresight UK Infrastructure Income Fund A Acc GBP GB00BF0VS922 000088 GBP
FP Foresight Global Real Infrastructure Fund A Inc GBP GB00BK0TB032 000088 GBP
FP Foresight Global Real Infrastructure Fund A Acc GBP GB00BK0T9T82 000088 GBP
FP Mattiioli Woods Balanced Fund B Inc GBP GB00BF475Y04 000089 GBP
FP Mattiioli Woods Balanced Fund C Acc GBP GB00B5ZMXX91 000089 GBP
FP Mattiioli Woods Balanced Fund C Inc GBP GB00BF475Z11 000089 GBP
FP Mattiioli Woods Balanced Fund D Inc GBP GB00BZCN8H48 000089 GBP
FP Mattiioli Woods Balanced Fund E Inc GBP GB00BZCN8J61 000089 GBP
FP Mattiioli Woods Cautious Fund B Inc GBP GB00BZCN8C92 000089 GBP
FP Mattiioli Woods Cautious Fund C Inc GBP GB00BZCN8D00 000089 GBP
FP Mattiioli Woods Cautious Fund D Inc GBP GB00BZCN8F24 000089 GBP
FP Mattiioli Woods Cautious Fund E Inc GBP GB00BZCN8G31 000089 GBP
FP Mattiioli Woods Growth Fund B  Inc GBP GB00BZCN8K76 000089 GBP
FP Mattiioli Woods Growth Fund C Inc GBP GB00BZCN8L83 000089 GBP
FP Mattiioli Woods Growth Fund D Inc GBP GB00BZCN8M90 000089 GBP
FP Mattiioli Woods Growth Fund E Inc GBP GB00BZCN8N08 000089 GBP
FP Mattiioli Woods Adventurous Fund B Inc GBP GB00BZCN8P22 000089 GBP
FP Mattiioli Woods Adventurous Fund C Inc GBP GB00BZCN8Q39 000089 GBP
FP Mattiioli Woods Adventurous Fund D Inc GBP GB00BZCN9153 000089 GBP
FP Mattiioli Woods Adventurous Fund E Inc GBP GB00BZCN9260 000089 GBP
FP Luceo 3 AAcc GBP GB00BYZWW357 000085 GBP
FP Luceo 4 AAcc GBP GB00BYZWW464 000085 GBP
FP Luceo 5 AAcc GBP GB00BYZWW571 000085 GBP
FP Luceo 6 AAcc GBP GB00BYZWW688 000085 GBP
FP Luceo 7 AAcc GBP GB00BYZWW795 000085 GBP
FP Miton Inc Fund AAcc GBP GB00B1RQR625 000086 GBP
FP Miton Inc Fund AInc GBP GB00B1RQN640 000086 GBP
FP Miton Inc Fund BAcc GBP GB00B29LZ803 000086 GBP
FP Miton Inc Fund BInc GBP GB00B29LZ795 000086 GBP
FP Octopus UK Micro Cap Growth Fund P Acc GBP GB00BYQ7HN43 000092 GBP
FP Octopus UK Micro Cap Growth Fund S Acc GBP GB00BYQ7HP66 000092 GBP
FP Octopus UK Multi Cap Income Fund S Acc GBP GB00BG47Q333 000092 GBP
FP Octopus UK Multi Cap Income Fund S Inc GBP GB00BG47Q440 000092 GBP
FP Octopus UK Multi Cap Income Fund I Acc GBP GB00BG47Q556 000092 GBP
FP Octopus UK Multi Cap Income Fund I Inc GBP GB00BG47Q663 000092 GBP
FP Octopus UK Multi Cap Income Fund R Acc GBP GB00BG47Q770 000092 GBP
FP Octopus UK Multi Cap Income Fund R Inc GBP GB00BG47Q887 000092 GBP


The below are the product providers: 

000085  FP Luceo Inv OEIC

000086  FP Miton Income Fund

000088  FP Foresight OEIC

000089  Mattioli Woods ICVC

000092  FP Octopus Inv UCITS

Please note, If you previously held account level coverall with the previous administrator, this will NOT be applied to your holding within the FundRock environment. If we do NOT notify you that there is a client level coverall in place, we will require you to complete a new client level coverall and submit to us. New account numbers and clarification as to whether any coveralls in place will be communicated to you by Thursday 11th July.

Electronic Re-Registration BICs are available on the electronic re-registration section of the 'documents and guides' tab.

For information on bank details, correspondence addresses and other useful information, please select the relevant sponsor pages that will be available on 15 July 2019 on www.dstdistributorportal.com/fund-rock
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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

Notification of Change


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With effect 1st July 2019, the Ethical UK Equity Fund & the UK Overseas Earnings Fund will have a change of name. All associated share class codes, on-going charges figures etc will remain the same; it is only the fund name which is changing as shown below:  

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Posted by on in News


With our aim to continue to improve your experience of our Distributor Portal, we are delighted to announce that we have launched our Help Centre to make all of our lives easier! This will help you to find answers to questions that you may never knew you had. This is the beginning for the help centre and incorporates articles from “how to open an account” to “what is go secure”. Why not take a look?

To access from the DST Distributor Portal, just click ‘Help!’ in the menu bar. 


We are adding new items all the time and would love to hear any feedback you have, just search the help centre for ‘Feedback’ for anything you would like to see mentioned or added.

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Please be aware that the FundRock Carmignac fund range launched 15th May  2019, under the administration of DST Financial Services Europe Limited (DST).

 

From this date, the fund range will be held under EMX participant ID “IFDS” and Calastone BIC reference “CLAOGB2LFPW”

 

For further details of the fund range and the required application forms, please visit https://www.fundrock.com/fund/Carmignac
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Golden Week is a Japanese national holiday (based around a number of national holidays) that take place at the end of April / early May each year. This year Golden Week has been extended to 10 days in honour of the succession of a new Emperor starting on Saturday 27 April 2019. This has resulted in the Tokyo Stock Exchange being closed for 6 days from Monday 29 April 2019 to Monday 6 May 2019 inclusive. This has impacted a subset of fund ranges under DST's administration, but please note that not all fund managers are treating this the same way:  

Last valuation point today (Thursday 25 April 2019) - Any trades instructed after the VP of 25th April 2019 will be placed but will go forward to the next available valuation point of Tuesday 7th May 2019:
T Rowe Price - https://www.dstdistributorportal.com/news/entry/t-rowe-price-japan-golden-week
Aberdeen Standard Investments - https://www.dstdistributorportal.com/news/entry/asi-japan-golden-week
Quilter Investors - https://www.dstdistributorportal.com/news/entry/quilter-investors-japan-golden-week
JP Morgan - https://www.dstdistributorportal.com/news/entry/j-p-morgan-japan-golden-week
Invesco - https://www.dstdistributorportal.com/news/entry/invesco-golden-week-tokyo-stock-exchange-closure
Janus Henderson - https://www.dstdistributorportal.com/news/entry/janus-henderson-japan-golden-week

Last valuation point today (Friday 26 April 2019) - Any trades instructed after 26th April 2019 12:00 pm VP will be placed but will go forward to the next available valuation point of Tuesday 7th May 2019.
Neptune - https://www.dstdistributorportal.com/news/entry/Neptune-japan-golden-week  

Last valuation point today (Thursday 25 April 2019) – After today’s VP’s, no trades will be able to be placed and any instructions will be rejected for the impacted funds. STP Rejections will go back via EMX and Calastone at the time the trade is submitted during the restriction period between 12:01 pm on Thursday 25 April 2019 and 8:00 am Tuesday 7 May 2019. Please review the below news stories for funds applicable to this change:

Columbia Threadneedle - https://www.dstdistributorportal.com/news/entry/columbia-threadneedle-japan-golden-week-japan-fund-dealing-rejections
M&G - https://www.dstdistributorportal.com/news/entry/m-g-japan-golden-week
Man GLG - https://www.dstdistributorportal.com/news/entry/man-glg-change-of-administration

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Advanced notice – Non-Dealing days – Golden Week

 

Neptune Investment Management  have declared a number of non-dealing days in the below Funds. Non-dealing days will be in place from Monday 29 April to Monday 6 May 2019. This is due to the ten day ‘Golden Week’ holiday declared in Japan which will see stock markets and banks closed for six days.

 

We have decided that as the Funds will be unable to implement any investment decisions or raise cash that it is in the interest of all investors to not allow dealing in shares in the Funds during this holiday period.

We would like to apologise for any inconvenience this may cause but believe this is the best course of action to take.

 

Neptune Japan Equity Fund

Neptune Japan Opportunities Fund

Long Name

Sedol

ISIN

Neptune Japan Equity Fund C Accumulation Hedged USD

BXDZFL8

GB00BXDZFL82

Neptune Japan Equity Fund C Accumulation Hedged Euro

BXDZFJ6

GB00BXDZFJ60

Neptune Japan Equity Fund C Accumulation

BXDZFF2

GB00BXDZFF23

Neptune Japan Equity Fund C Accumulation Hedged

BXDZFG3

GB00BXDZFG30

Neptune Japan Equity Fund D Accumulation

BDHXQZ9

GB00BDHXQZ93

Neptune Japan Opportunities Fund A Accumulation

3207604

GB0032076043

Neptune Japan Opportunities Fund A Accumulation USD

B60T5H0

GB00B60T5H09

Neptune Japan Opportunities Fund B Accumulation

3207615

GB0032076159

Neptune Japan Opportunities Fund C Accumulation

B3Z0Y81

GB00B3Z0Y815

Neptune Japan Opportunities Fund C Accumulation USD

B60T5J2

GB00B60T5J23

Neptune Japan Opportunities Fund D Accumulation

BFZC760

GB00BFZC7603

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