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Dear Shareholder, The Company’s board of directors (the "Board") hereby informs you of the following changes to be made to the prospectus of the Company (the “Prospectus”):
1) Clarification of the investment policy
The first paragraph of the investment policy of the Sub-Fund will be clarified in order to include a concrete percentage of exposure to equities of global companies and so to read as follows: “The sub-fund invests mainly in equities of global companies, including those in emerging markets, that have committed to reducing their carbon emissions, expanding their low carbon strategy and replacing fossil energy sources with low-carbon emission alternatives.
The sub-fund invests at least 66% of its net assets in equities and equity-related securities issued by large capitalisation companies in any sector. Investments may include American and global depositary receipts (ADRs and GDRs)."
2) Update of risk warnings
In compliance with the already applicable investment policy, a reference to credit risk and derivatives risk has been added to the list of risks typically associated with ordinary market circumstances. The reference to risks relating to liquidity has been removed from the risks typically associated with unusual market conditions. Furthermore, a reference to counterparty risk has been added to the list of risks typically associated with unusual market conditions.
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