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anclogo

05/04/2022

Important information regarding the Ancoria Cash Pension Fund

As part of our ongoing efforts to align our products and services with our clients’ needs and interests, we are making some changes to the Ancoria Cash Pension Fund (“Fund”) and we would like to inform you about them. 

 

Change in the Fund’s investment strategy

The investment objective of the Fund remains to achieve a return in line with EUR money market rates and to provide a high level of capital protection. However, the investment strategy of the Fund is changing to provide greater flexibility in the implementation of the Fund’s objective. The new investment strategy will entail a greater allocation to money market instruments, instead of bank deposits, thus enhancing the degree of diversification that the Fund offers to its unit holders.

This change in strategy is not expected to alter the main characteristics of the Fund, including its risk and return profile.

 

Reduction in the Fund’s annual management fee

The change in the Fund’s investment strategy allows us to reduce the Fund’s annual management fee from 0.5% to 0.4%.

 

The changes will become effective on May 5, 2022 and unit holders do not need to take any action. If you have any questions or need further clarifications, please contact Customer Service at +357 22 551 300 or info@ancoria.com.

 

 

Sincerely,

 

 

Ancoria Insurance Public Ltd



European Union Republic of Cyprus Structural Funds
The project was submitted under the Digital Transformation for Business Program and is co-funded by the European Regional Development Fund and the Republic of Cyprus.