STANLIB Multi-Manager Funds - Ballot results

The STANLIB Multi-Manager Funds ballot process has been finalised.

The name and mandate changes for four of the funds have been approved by the Financial Services Board. These changes are effective 27 June 2014.

The Multi-Manager Inflation Plus 1 Fund of Funds did not receive the required votes to change the name and mandate and as a result will remain unchanged.

Following is a summary of the name and mandate changes:

Current Name of Fund
New Name of Fund Benchmark Change Sector Classification Change Regulation 28
Multi-Manager Inflation Plus 3 Fund of Funds Multi-Manager Medium-High Equity Fund of Funds Changes from CPI to a composite benchmark
No change Converts to a Regulation 28 compliant fund
Multi-Manager Inflation Plus 5 Fund of Funds Multi-Manager High Equity Fund of Funds Changes from CPI to a composite benchmark
No change Converts to a Regulation 28 compliant fund
Multi-Manager Low Equity Fund of Funds No change Changes from the SA Multi Asset Low Equity category benchmark to a composite benchmark
No change  Converts to a Regulation 28 compliant fund
Multi-Manager Medium Equity Fund of Funds
 No change
Changes from the SA Multi Asset Medium Equity category benchmark to a composite benchmark
No change  Converts to a Regulation 28 compliant fund

If you have any further queries with regards to the above, contact your STANLIB Consultant or our Broker Support line on 0860 104 418.