Fund changes

Our funds are always potentially subject to changes, and we want to keep you up-to-date with what's happening. You'll find information on recent changes below.

We'd recommend that you visit this page for information if you are considering your investment choice. This page is for information purposes only. Please speak to your adviser if you require any more information.

Artemis changed the name and description of the fund underlying the Prudential Artemis UK Growth Fund in February 2016.

The Prudential fund’s existing underlying fund strategy, Prudential risk rating and fund charges remain the same.

What's changed?

The table below shows the details of the name and fund description changes that applied to the Prudential fund:

Fund name Fund description
Previous 

Prudential Artemis UK Growth Fund

The investment strategy of the fund is to purchase units in the Artemis UK Growth Fund. That fund aims to achieve long-term capital growth. The emphasis of the fund will be investment in companies listed, quoted and/or traded in the UK and in companies which are headquartered or have a significant part of their activities in the UK which are quoted on a regulated market outside the UK.
 New

Prudential Artemis UK Select Fund

The investment strategy of the fund is to purchase units in the Artemis UK Select Fund. That fund aims to achieve long-term capital growth. The emphasis of the fund will be investment in companies listed, quoted and/or traded in the UK and in companies which are headquartered or have a significant part of their activities in the UK which are quoted on a regulated market outside the UK.

What current investors need to do?

You don't need to do anything. We've written to those invested in the fund to tell them about the change.

In November 2015, Stewart Investors (Part of First State Investments) changed the name of the fund underlying Prudential First State Asia Pacific Leaders Fund following a restructure.

The Prudential fund's existing underlying fund strategy, Prudential risk rating and fund charges remain the same.

What's changed?

The table below shows the details of the name and fund description changes that applied to the Prudential fund:

Fund name Fund description
Previous 

Prudential First State Asia Pacific Leaders Fund

The investment strategy of the fund is to purchase units in the First State Asia Pacific Leaders Fund. That fund aims to achieve long-term capital growth by investing primarily in large and mid capitalisation equities in the Asia Pacific region (excluding Japan, including Australasia).
 New

Prudential Stewart Investors Asia Pacific Leaders Fund

The investment strategy of the fund is to purchase units in the Stewart Investors Asia Pacific Leaders Fund. That fund aims to achieve long-term capital growth by investing primarily in large and mid capitalisation equities in the Asia Pacific region (excluding Japan, including Australasia).

What current investors need to do?

You don't need to do anything. We've written to those invested in the fund to tell them about the change.

M&G changed the name and description of the fund underlying the Prudential M&G UK Growth Fund in November 2015.

The Prudential fund’s Prudential risk rating and fund charges remain the same.

What's changed?

The table below shows the details of the name and fund description changes that applied to the Prudential fund:

Fund name Fund description
Previous 

Prudential M&G UK Growth Fund

The investment strategy of the fund is to purchase units in the M&G UK Growth Fund. That fund aims to achieve capital growth by investing principally in the equities of UK companies with high growth potential.
 New

Prudential M&G UK Select Fund

The investment strategy of the fund is to purchase units in the M&G UK Select Fund. That fund invests principally in the equities of UK companies with high growth potential with the sole objective of capital growth. The fund may at any time be concentrated in a limited number of equities. Income considerations are ignored.

What current investors need to do?

You don't need to do anything. We've written to those invested in the fund to tell them about the changes.

M&G changed the name and description of the fund underlying M&G Global Growth Fund in November 2015.

The Prudential fund's Prudential risk rating and fund charges remain the same.

What's changed?

The table below shows the details of the name and fund description changes that applied to the Prudential fund:

Fund name Fund description
Previous 

M&G Global Growth Fund

The fund aims to maximise long-term total return (the combination of capital growth and income) by investing mainly in a wide range of global equities.
 New

M&G Global Select Fund

The Fund will invest globally (including the UK) in the equities of companies across a wide range of geographies, sectors and market capitalisations. Income is of secondary importance to capital growth when investments are selected. The Fund may at any time be concentrated in a limited number of equities.

What current investors need to do?

You don't need to do anything. We've written to those invested in the fund to tell them about the changes.

M&G changed the name and description of the fund underlying the Prudential International Pension / Bond Account (ex M&G) Fund in November 2015.

The Prudential fund’s Prudential risk rating and fund charges remain the same.

What's changed?

The table below shows the details of the name and fund description changes that applied to the Prudential fund:

Fund name Fund description
Previous 

Prudential International Pension / Bond Account (ex M&G) Fund

The investment strategy of the fund is to provide long term capital growth by investing mainly in a spread of equity markets throughout the world, predominantly through collectives managed by Prudential Group companies.
 New

Prudential M&G Global Select Fund

The investment strategy of the fund is to purchase units in the M&G Global Select Fund. That fund aims to maximise long-term total return (the combination of capital growth and income) by investing mainly in a wide range of global equities. The fund will invest globally (including in the UK) in the equities of companies across a wide range of geographies, sectors and market capitalisations. Income is of secondary importance to capital growth when investments are selected. The fund may at any time be concentrated in a limited number of equities.

What current investors need to do?

You don't need to do anything. We've written to those invested in the fund to tell them about the changes.

M&G changed the name and description of the fund underlying the Prudential M&G European Fund in November 2015.

The Prudential fund’s Prudential risk rating and fund charges remain the same.

What's changed?

The table below shows the details of the name and fund description changes that applied to the Prudential fund:

Fund name Fund description
Previous 

Prudential M&G European Fund

The investment strategy of the fund is to purchase units in the M&G European Fund. That fund aims to achieve long term capital growth by investing wholly or predominantly in a diversified portfolio of securities of European (excluding United Kingdom) issuers.
 New

Prudential M&G European Select Fund

The investment strategy of the fund is to purchase units in the M&G European Select Fund. That fund's prime objective is long term capital growth. It invests wholly or predominantly in a diversified portfolio of securities of European (excluding United Kingdom) issuers. When not wholly invested as above, it may also invest in companies which are listed or registered outside Europe but trade within it. Income is of secondary importance when investments are selected. The fund may at any time be concentrated in a limited number of securities.

What current investors need to do?

You don't need to do anything. We've written to those invested in the fund to tell them about the changes.

Fidelity changed the investment objective and risk types of the fund underlying the Prudential Fidelity MoneyBuilder Income Fund in September 2015.

Fidelity believe that the change will enable the portfolio managers to more efficiently implement the fund's objectives by extending the range of instruments that can be used, including greater use of derivatives.

Therefore, as well as investing in Fixed Interest assets the fund will also now invest in assets known as Financial Instruments.

The fund's Prudential risk rating and fund charges remain the same.

What's changed?

The table below shows the details of the previous and new objective and risk types:

Risk type Objective description
Previous 
  • Fixed Interest
The investment strategy of the fund is to purchase units in the Fidelity MoneyBuilder Income Fund. That fund aims to achieve an attractive level of income from a portfolio primarily invested in Sterling-denominated (or hedged back to Sterling) fixed interest securities.
 New
  • Fixed Interest
  • Financial Instruments*
The investment strategy of the fund is to purchase units in the Fidelity MoneyBuilder Income Fund. That fund’s investment objective is to achieve an attractive level of income. The fund will obtain exposure primarily to Sterling-denominated (or hedged back to Sterling) fixed interest securities.
*Explanation of Financial Instruments

There are several financial arrangements that fund managers can use to improve fund performance. Some of the most common are:

Derivatives: These cover products such as futures and options which are generally an arrangement to buy or sell a standard quantity of a specified asset on a fixed future date at a price agreed today. This type of investment may carry a higher risk of capital loss than funds investing in other assets. Sometimes in the event of a counterparty to a derivative (the party with which the fund manager has made the agreement about future deals) being in financial difficulties, it may be difficult to obtain a price for valuations or for the investment manager to dispose of the asset - that creates risk to the value of the fund. There is a risk of capital loss in the event of the counterparty to the derivative becoming insolvent or suffering other financial difficulties.

In such circumstances the derivative may have no value.

Geared Assets: Funds that are geared or borrow assets or which use short-selling are likely to be more volatile than other funds and there is a higher risk of capital loss.

What current investors need to do?

You don't need to do anything. We've written to those invested in the fund to tell them about the changes.

Royal London changed the name of the fund underlying the Prudential CIS Sustainable Leaders Fund as part of a re-branding exercise across the former CIS fund range in August 2015.

The Prudential fund’s existing underlying fund strategy, Prudential risk rating and fund charges remain the same.

What's changed?

The table below shows the details of the name and fund description changes that applied to the Prudential fund:

Fund name Fund Description
Previous  Prudential CIS Sustainable Leaders The investment strategy of the fund is to purchase units in the CIS Sustainable Leaders Trust. That trust aims to achieve capital growth from a diverse portfolio of equities, mainly in the United Kingdom and in any economic sector. Investment is limited to companies that are likely to benefit from measures to improve the environment, human health, safety and the quality of life.
 New Prudential Royal London Sustainable Leaders The investment strategy of the fund is to purchase units in the Royal London Sustainable Leaders Trust. That trust aims to achieve capital growth from a diverse portfolio of equities, mainly in the United Kingdom and in any economic sector. Investment is limited to companies that are likely to benefit from measures to improve the environment, human health, safety and the quality of life.

What current investors need to do?

You don't need to do anything. We've written to those invested in the fund to tell them about the change.

Prudential decided to remove the word 'Balanced' from the fund name.

The fund's existing strategy, Prudential risk rating and fund charges remain the same.

What's changed?

The table below shows the changes that applied to the Prudential fund:

 Fund name
Previous  Prudential Balanced Income and Growth Bond Fund
 New Prudential Income and Growth Bond Fund

What current investors need to do?

You don't need to do anything. We've written to those invested in the fund to tell them about the change.

GLG changed the name of the fund underlying Prudential GLG Japan Core Alpha Fund in August 2015.

The fund's existing strategy, Prudential risk rating and fund charges remain the same.

What's changed?

The table below shows the details of the name and fund description changes that applied to the Prudential fund:

 Fund name Fund description 
Previous  Prudential GLG Japan Core Alpha Fund The investment strategy of the fund is to buy units in the GLG Japan Core Alpha Fund. That fund aims to achieve capital growth through investing in quoted securities of companies operating in Japan. To achieve this aim, the fund is predominantly invested in securities of companies listed on Japan's stockmarkets
 New Prudential Man GLG Japan Core Alpha Fund The investment strategy of the fund is to buy units in the Man GLG Japan Core Alpha Fund. That fund aims to achieve capital growth through investing in quoted securities of companies operating in Japan. To achieve this aim, the fund is predominantly invested in securities of companies listed on Japan's stockmarkets.

What current investors need to do?

You don't need to do anything. We've written to those invested in the fund to tell them about the change.

Legg Mason changed the name of the fund underlying Prudential Legg Mason US Smaller Companies Fund in June 2015.

The Prudential fund's existing strategy, Prudential risk rating and fund charges remain the same.

What's changed?

The table below shows the details of the name and fund description changes that applied to the Prudential fund:

 Fund name Fund description 
Previous  Prudential Legg Mason US Smaller Companies Fund The investment strategy of the fund is to buy units in the Legg Mason US Smaller Companies Fund. That fund aims to achieve capital growth principally through investment in securities of smaller US companies.
 New Prudential Legg Mason IF Royce US Smaller Companies Fund The investment strategy of the fund is to buy units in the Legg Mason IF Royce US Smaller Companies Fund. That fund aims to achieve capital growth principally through investment in securities of smaller US companies..

What current investors need to do?

You don't need to do anything. We've written to those invested in the fund to tell them about the change.

Need help? Have questions?

If you're looking for guidance or want to chat about your product options, we can help.

Contact us