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Notice – Neptune Africa
26 Apr 2016
It has been announced by Neptune Investment Management that the Neptune Africa fund will be closing and all clients invested in this fund will be affected. The timescales for when individual clients will be affected will vary depending upon the platform through which they have invested into the fund.
Once the fund has closed the respective holding will be placed into a cash fund by the platform provider.
This will mean that the growth potential of that exposure will potentially reduce.
Strategic Solutions has therefore decided to take the following action;
The relative percentage held within the Africa fund will be replaced by adding this percentage to the Artemis Global Income fund.
Clients will be notified by their respective adviser and asked to confirm that they agree to the change.
This will either be via an individual fund switch or a rebalance of their existing portfolio.
Affected clients will be contacted within the next few weeks.
This decision, unfortunately, is out of our control and we do apologise for any inconvenience caused but, as I have stated, Strategic Solutions are taking the necessary action to ensure that clients’ investments will not be unduly affected.