Changes of the Rules of "DSK Stability – German equities"
With Decisions from 21.11.2019, the Financial Supervision Commission approved changes in the rules of MF „DSK Stability – German equities“. Briefly, the changes are about:
- Each investment cycle lasts approximately 5 years and includes two basic periods, conditionally called “open period” and “limited period”, as well as several “transitional periods” as a part of the “limited period”. Each “limited period” includes 4 “transitional periods”, as the beginning of the first “transitional period” is approximately 12 months after the beginning of the “limited period” and the beginning of each subsequent “transitional period” is approximately 12 months after the beginning of the preceding “transitional period” within the same “limited period”.
- The Fund’s investment goals are to protect 99 (ninety nine) per cent of the value of the investment through achieving the maximum possible return and taking low to moderate risk. Protection of 99 per cent that means the net asset value of one unit, calculated as of the last business day from the “limited period”, to be not lower than 99 (ninety nine) per cent of the net asset value of one unit calculated as of the last business day of the “open period”.
The management company “DSK Asset Management” shell inform the investors about the first and the last concrete date for each open, transitional and limited period of the Fund’s activities through:
- An announcement in the offices of the Fund’s distributor (DSK Bank), that are authorize to distribute the units of the Fund;
- The web site of the management company.
The changes of the Fund’s rules are in force as of 2nd Jan 2020. The “open period” will finish on 14 Feb 2020, respectively – the “limited period” starts as of 15 Feb 2020. In case that the investors do not accept the changes, they are able to redeem their units till 02 Jan 2020.
The Rules of "DSK Stability - German equities" (in force as of 02 Jan 2020) are available for the investors every day from 9:30 AM to 17:00 PM at the office of the Company at: Sofia, "Alabin" № 36, fl.3; in branches of "DSK Bank", which distribute the units of the funds within hours of operation and on our website - www.dskam.bg. The information is available in Bulgarian language.