Notification of changes to underlying fund of L42 Natixis Harris Associates Global Equity
08 Oct 2024
L42 Natixis Harris Associates Global Equity (the “Affected Mirror Fund”*)
We have been notified by the board of directors of Natixis International Funds (Lux) I (the “Company”) of the following changes to the underlying fund of the Affected Mirror Fund. These changes will be take effect from 3 December 2024 (the “Effective Date”).
Updates to investment policy and fund specific risks
The Company has advised that from the Effective Date, the investment policy and strategy of the underlying fund of the Affected Mirror Fund will change to reflect that it promotes environmental and/or social characteristics as defined under Article 8 of the EU’s Sustainable Finance Disclosure Regulation (“SFDR”). Article 8 funds are those that promote social and/or environmental characteristics, invest in companies that follow good governance, give binding commitments but do not have a sustainable investment objective.
Details of the updated investment policy and strategy will be disclosed in the “SFDR Annex” in the updated prospectus of the underlying fund, which will be available after the Effective Date.
The change to the investment policy will also trigger the addition of the fund specific risk “ESG Driven Investments” to the underlying fund of the Affected Mirror Fund. The “Sustainability Risks” section of the underlying fund prospectus will be amended following the Effective Date to integrate sustainability risks as part of the ESG approach. However, the Company note that the addition is not expected to affect the overall risk of the underlying fund of the Affected Mirror Fund.
These changes will happen automatically within affected policies and policyholders do not need to take any action. We recommend that policyholders seek the advice of their usual financial adviser before making any investment decisions.
Should you have any questions regarding these changes, please contact the Investment Marketing Team.
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*Hong Kong Offshore designated policyholders should note that from 25 November 2024, the Affected Mirror Fund will be changed to H57 Natixis Harris Associates Global Equity, being the corresponding FPIL Hong Kong mirror fund, as detailed in our 22 August 2024 communication. All reference herein to the Affected Mirror Fund equally denotes the applicable Hong Kong mirror fund version.
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For more information regarding Natixis International Funds visit: Natixis Investment Managers
