Two funds in the Oyster Luxembourg Sicav have been renamed to reflect the investment policy for the vehicles.
Secondly, the Euro Short Term fund has changed its name to the Oyster Euro Liquidity portfolio as it invests in money market instruments with a duration of less than 12 months.
The investment policies for the funds have not changed as a result of the renaming.
For both vehicles there are no minimum investments. The Future Generation portfolio has an initial charge of 5% and an annual management charge of 1.75%. The Short Term fund has an annual management charge of 15% of libor over a three month period and an initial charge of 3%.
Three funds to watch