The Goldman Sachs Asset Management Australia Pty Ltd (Wholesale) Global Small Companies option was renamed FirstChoice (Wholesale) Global Small Companies on 10 March 2016.
Goldman Sachs has managed the option but delegated investment management to US-based Wellington Management Company, LLP (“Wellington”) since 2004.
Goldman Sachs recently announced their intention to replace Wellington as the investment manager for their own wholesale fund.
We have decided to retain Wellington as the investment manager for the FirstChoice mandate and rename the option.
There are no changes to the investment objective or investment strategy and the management cost remains the same.
There’s nothing you need to do. However, if there is anything you would like to discuss, or you require further information, please contact your financial adviser or call us on 13 13 36, Monday to Friday, 8am to 7pm Sydney time.
Colonial First State Investments Limited ABN 98 002 348 352, AFS Licence 232468 (Colonial First State) is the issuer of super, pension and investment products. This document may include general advice but does not take into account your individual objectives, financial situation or needs. You should read the relevant Product Disclosure Statement (PDS) carefully and assess whether the information is appropriate for you and consider talking to a financial adviser before making an investment decision. A PDS for Colonial First State’s products are available at colonialfirststate.com.au or by calling us on 13 13 36.