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Changes to Colonial First State Geared Global Share

The changes in this notice relate to both retail and wholesale funds.

On 4 December 2013, Colonial First State Investment Limited made changes to Colonial First State Geared Global Share Fund. As a result, the investment objective, strategy and benchmark for the fund changed. We have also renamed the fund FirstChoice Geared Global Share.

The table below provides a summary of the changes:

  Current strategy New strategy

Investment manager

Colonial First State Global Asset Management

FirstChoice

Name

Colonial First State Geared Global Share

FirstChoice Geared Global Share

Objective

To magnify long-term capital growth by borrowing to invest in a portfolio of stocks from around the world.  The fund aims to outperform the MSCI World (ex Australia) Net Index over rolling seven year periods before fees and taxes.

To magnify long-term capital growth by borrowing to invest in a diversified portfolio of global shares. To outperform the MSCI All Countries World Index (net dividends reinvested), in Australian dollar terms over rolling seven-year periods before fees and taxes.

Strategy

 

 

This fund invests in a focused selection of companies that have a positive competitive dynamic together with stock price appreciation potential. Investors should expect investments to exhibit attributes such as a robust business model, a capable management team, abundant growth opportunities and an attractive valuation. The fund utilises gearing to magnify returns from underlying investments. The fund may hedge up to 100% of the currency exposure relating to the borrowings of the fund and between 0% (ie unhedged) and 50% (ie partially hedged) of investors' capital.

To invest in a diversified portfolio of companies. The investments are managed by combining the portfolios of a number of leading global share managers to provide an actively managed, diversified portfolio. The fund utilises gearing to magnify returns from underlying investments.
Investors’ capital in the fund is not hedged but the fund may hedge up to 100% of the currency exposure relating to the borrowings of the fund.

Benchmark

MSCI World ex Australia Net Index

MSCI All Countries World Net Index


The fees, costs, indicative risk ratings and minimum suggested timeframe have not changed.

We recommend you speak to your financial adviser if you have any questions or call us on 13 13 36, 8am to 7pm, Sydney time.

Disclaimer
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.