Zurich Investment Global Thematic Share was closed to new investors in May 2018. The option has experienced periods of underperformance that has resulted in the option being unable to meet its investment objective. From 22 October 2018, the investment manager, strategy and investment parameters have changed. The option will now be managed by Baillie Gifford and named Baillie Gifford Long Term Global Growth.
The change has been implemented across the following products:
- FirstChoice Wholesale Personal Super
- FirstChoice Personal Super
- FirstChoice Wholesale Pension
- FirstChoice Pension
- FirstChoice Wholesale Investments
- FirstChoice Investments
We will be notifying clients invested in Zurich Investments Global Thematic Share option after 22 October 2018.
The fund, which was closed to new investors, was re-opened to new investors from 22 October 2018. FirstChoice Investment clients will be notified of this change through their key changes flyers in their FY19 half-year statement.