RL360 Unit Split - Carmignac Patrimoine EUR Fund

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Unit Split - Carmignac Patrimoine EUR Fund

On 12 November 2012, Carmignac Gestion carried out a split on the units of the Carmignac Patrimoine A EUR Acc fund in order to make the fund more accessible to a larger number of investors.

Impacts on
these products

In order to do this, the net asset value per unit has been divided by 10, which means that the number of units held by each shareholder has been multiplied by 10 (for example, if a shareholder held 5 units, they now hold 50). 


We are currently undertaking the administration process of applying this change to the policies of those invested in the fund. Policyholders will see the split reflected in their policy in due course by way of a lower price per unit, but an increase in the number of units held in comparison to the position prior to 12 November 2012. 


Letters have been issued to affected policyholders or their appointed investment adviser, advising of the unit split on the fund. A copy has been sent to their servicing adviser for information. Sample letters can be viewed opposite. 


If policyholders are happy with the revised changes to the fund then they do not need to do anything. 


If they do not wish to continue investing in the fund they can choose to invest in any alternative fund available to their policy.