Information to the shareholders – Gates and Swing pricing
Information to the shareholders - Gates and Swing pricing
The Autorité des Marchés Financiers (French financial markets authority; AMF) permits management companies to equip their UCIs with mechanisms for capping redemption requests (gates) and for offsetting or reducing the portfolio restructuring costs incurred by all unitholders upon subscription or redemption (swing pricing). These mechanisms may be implemented using a simplified procedure provided they are in effect by 31 December 2023 at the latest.
Groupama AM has decided to equip all of its affected open-ended funds (i.e. all funds except employee savings plans (FCPEs), closed-ended AIFs and money market funds) with these two mechanisms. The regulatory documents of the funds in question will be adapted as appropriate over the course of the year.
Before investing, investors should read the fund’s prospectus and key investor information document (DICI). These and other periodical documents may be obtained free of charge on request from Groupama AM or at www.groupama-am.fr.
This non-contractual document does not constitute a recommendation, a solicitation of an offer, or an offer to buy, sell or arbitrage, and should not be interpreted as such.
Past performance is not a reliable indicator of future performance.
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