Catella clarifies Sicav investment policy, changes sub-fund name
Sweden’s Catella has issued a note from the Board of Directors of its Luxembourg Sicav to clarify the investment policy of each sub-fund and ensure they in turn are eligible as investments for other Ucits.
The clarification states that the sub-funds will not invest more than 10% of net assets in units or shares of other Ucits or UCIs.
Additionally, the Board announced a name change to the Catella Nordic Fixed Income Opportunity fund.
In future it will be called the Catella Corporate Bond Flex fund. This change is intended to reflect the fact the fund has mostly invested in Nordic corporate bonds since it launched, while the use of the word “Flex” reflects the fact the fund has a broader mandate than traditional long only corporate bond funds, Catella said.
All changes are immediate.