COLL S4.4 Investment Objectives and Policy Etc

The following information in relation to the scheme's investment objectives, strategies and policy:

(a) the scheme's investment objectives (including its financial objectives) and, in particular—
(i) the types of investments in which it (and, if applicable each subscheme) may invest; and
(ii) the scheme's investment strategies, including its approach to borrowing and gearing;
(b) the scheme's policy for achieving its investment objectives, including—
(i) the general nature of the portfolio and any intended specialisation; and
(ii) the policy for the spreading of risk in the scheme property; and
(iii) the policy in relation to the exercise of borrowing powers;
(c) an indication of any limits on the investment policy;
(d) the types of assets that the capital property may consist of;
(e) the proportion of the capital property that may consist of an asset of any description;
(ea) if the scheme is a QFC retail property fund:
(i) a list of the jurisdictions where immovables in which the fund may invest are located; and
(ii) if investment in an immovable has been, or is to be, made through an intermediate holding vehicle or vehicles—a statement disclosing the existence of the intermediate holding vehicle or vehicles and confirming that the purpose of each vehicle is to enable the fund to hold immovables;
(f) the kind of transactions that may be effected for the scheme and an indication of any techniques and instruments or borrowing powers that may be used in the scheme's management;
(g) for rule 7.1.7 (1) (b) (What is an eligible market?), a list of the markets through which the scheme may invest or deal in investments in accordance with these rules;
(h) any restrictions in the assets in which scheme property may be invested, including restrictions in the extent to which the scheme may invest in any type of asset and an indication of whether the restrictions are more onerous than those otherwise applying under these rules;
(i) the borrowing restrictions applying to the scheme;
(j) if the scheme may invest in other schemes—the extent to which the scheme property may be invested in units in schemes that are managed by the operator or any associate of the operator;
(k) if the scheme is a feeder fund that (in relation to investment in units in schemes) is dedicated to units in a single scheme—details of the master scheme and the minimum (and, if relevant, maximum) investment that the feeder fund may make in it;
(l) if the scheme invests mainly in units in schemes, deposits or derivatives, or replicates an index—a prominent statement about this investment policy;
(m) if derivatives transactions may be used in the scheme—a prominent statement about whether the transactions are for the purpose of efficient portfolio management (including hedging) or meeting the investment objectives (or both), and the possible outcome of the use of derivatives on the scheme's risk profile;
(n) the profile of the typical investor for whom the scheme is designed;
(o) the historical performance (if any) of the scheme;
(p) if the scheme invests a substantial part of the scheme property in other schemes—a statement of the maximum level of management fees that may be charged to the scheme and to the schemes in which it invests;
(q) if the scheme's net asset value is likely to have high volatility because of its portfolio composition or the portfolio management techniques that may be used—a prominent statement to that effect;
(r) if the scheme may invest substantially in deposits or money-market instruments—a risk warning drawing attention to the difference between the nature of a deposit and the nature of an investment in the scheme, with particular reference to the risk that the principal invested in the scheme may fluctuate;
(s) a statement that any unitholder may obtain on request the information listed in COLL, rule 5.2.2 (2) (Prospectus etc to be made available).
Amended by QFCRA RM/2016-1 (as from 19th September 2016)