Investec to use Ucits III powers

Seven funds in Investec range may use Ucits III powers implemented by group in 2005

Investec has written to clients proposing wider investment capability on seven more of its funds. The funds planning to use Ucits III powers include Emerging Market Debt, Global Equity, Global Gold, Global Dynamic, Japan, Pan European Equity and Global Bond. Investec's range, which is split into four series, converted to Ucits III in 2005. The move was carried out via a shareholder vote, with Investec stating if it wanted to use the powers, it would give clients 60 days' notice. Despite having had the use of Ucits III for three years, Investec has only called on them for two of their ...