This website is for financial advisers within the UK, Customers looking for Zurich products please go to Zurich.co.uk. Unless you are a financial adviser in the UK who has entered into separate contractual arrangements with Zurich Intermediary Group Limited (“ZIG”) for access to the secure parts of this website, the viewing of this web site is subject to Disclaimers, which, by continuing to access this site, you acknowledge that you have read and accept.

We use cookies to provide you with a responsive service to make your experience of our website(s) better. Please confirm that you agree to our use of cookies in accordance with our cookies policy.

By continuing to use our website we will assume that you are happy to receive non-privacy intrusive cookies. Please be aware that if you disable cookies some functionality on the site will not work.

Alternatively, read our cookies policy to find out more about our cookie use and how to disable cookies.


Changes to the Prospectus of the City Financial Absolute Equity fund

20 October 2016

We've been advised by City Financial that on 30 November 2016, the Prospectus for the City Financial Absolute Equity fund will be amended as follows:

megaphone

"In order to be able to spread counterparty risk for the free cash element of the Fund which tends to be significant because of the use of derivatives, the Fund’s investment parameters will be amended so that it can hold up to 49% in Government and other public securities. These securities will generally be less than 1 year maturity. The previous limit was 35%.

The investments may be in Government and other public securities issued or guaranteed by the Government of the United Kingdom, the Scottish Administration, the Executive Committee of the Northern Ireland Assembly, the National Assembly of Wales, the Governments of Canada, France, Germany, Italy, Japan or the United States of America. "

City Financial believes that the change will benefit investors as it will enable the Fund Manager to be able to spread counterparty risk for the free cash element of the Fund.

The Financial Conduct Authority has confirmed that the implementation of these changes will not affect the on-going authorisation of this scheme and so the Fund’s prospectus will be amended to include these changes.