CHANGE TO THE SETTLEMENT AND DELIVERY PERIODS FOR OPEN-ENDED FUNDS
Dear Sir or Madam,
You hold units in UCITS fund(s) managed by Groupama Asset Management and we thank you for the trust you have placed in us.
Settlement and delivery (or S/D) of subscriptions and redemptions are currently made 3 working days after clearing (D+3). In order to bring our open funds in line with market practices, the management company has decided to modify the current S/D periods of:
- D+3 to D+2 for equity, fixed-income and diversified funds (excluding funds of funds);
- D+3 to D+1 for M units of the Groupama Trésorerie (FR0010875237) and Groupama Monétaire (FR0010693069) funds.
The majority of open-ended funds managed by Groupama Asset Management are in scope for this change.
These UCITS will be amended accordingly between 23 June 2023 and 31 December 2023.