Notice to Shareholders from M&G LUX (LU) - 03/09/2024
We refer to the notification letter from M&G LUX (LU) with the following announcement(s).
1. CHANGE IN INVESTMENT POLICY.
Effective from 01/10/2024, the investment policy of the below fund/s will be amended:
• LU1665237290 M&G (LUX) GLOBAL LISTED INFRASTRUCTURE FUND "C" (USD) INC
ESG: the company has decided not to renew the Febelfin ‘Towards Sustainability’ label for the Fund as we believe that the changes recently introduced to the Label’s “Quality Standards” have resulted in the Label no longer aligning with the Fund’s Investment Strategy. The Fund ceased to carry the Label on 30 June 2024. The Fund will however continue to comply with previously applicable Quality Standards until the Effective Date. Implementation of a Positive ESG Tilt approach. Removal of minimum 70% SDG-alignment restriction.Change to minimum sustainable investment commitment from 51% to 40%.
2. CHANGE IN BENCHMARK.
Effective from 01/10/2024, the benchmark of M&G (LUX) GLOBAL LISTED INFRASTRUCTURE FUND will be changed to: MSCI ACWI Net Return Index;FTSE Global Core Infrastructure 50/50 Net Return Index.
Affected ISIN code/s as follows:
• LU1665237290 M&G (LUX) GLOBAL LISTED INFRASTRUCTURE FUND "C" (USD) INC
Introduction of an additional benchmark for comparison purposes
