Avaron amends the articles of association and prospectus of Avaron Emerging Europe Smaller Companies Fund
The redemption terms will become more favourable, providing investors with better liquidity when trading fund shares.
Going forward, investors will be able to receive larger redemption amounts within the same timeframe:
- Redemption orders up to EUR 500,000 (incl.) will be executed on any banking day (no notice period applied).
- Orders over EUR 500,000 and up to EUR 3 million will be executed with 10 banking days’ notice.
- Orders over EUR 3 million and up to EUR 5 million will be executed with one month’s notice.
- Orders over EUR 5 million will be executed with two months’ notice.
If the fund holds sufficient free, uninvested cash, the fund manager may decide to execute a redemption order with a shorter notice period.
Also, the principles of investing in transferable securities and funds are specified.
The fund documents entering into force on May, 6th can be accessed here.
