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Dear client,
We wish to inform you that we have taken the decision to close the Model Portfolio Balanced (“closing fund”) as part of our efforts to continuously align our product offering with our clients’ needs and best interests.
You are receiving this letter because our records indicate that you are a holder of units in the closing fund under your Ancoria Life Policy.
How does this affect your Ancoria Life Policy?
Further to this decision, effective from 24/06/2024, the closing fund will no longer accept new premiums or transfers and will officially close on 27/09/2024. Balances in the closing fund (which is denominated in SEK) will be transferred into the Savings Fund (“default alternative fund”) that has the same trade currency (SEK) and same risk level as the closing fund.
Ancoria Insurance also offers the Model Portfolio Aggressive that has the same trade currency (SEK) and similar characteristics but with a higher risk level.
Past performance (%, SEK, net of fees) as at 11/06/2024.
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Fund
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YTD*
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2023
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2022
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2021
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2020
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2019
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5 Yrs**
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Savings Fund
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6.49
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9.17
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-10.01
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10.35
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0.96
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16.57
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23.91
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Model Portfolio Balanced
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8.49
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10.40
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-14.63
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13.65
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0.55
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22.12
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27.37
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Model Portfolio Aggressive
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9.47
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11.68
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-14.92
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17.65
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1.67
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26.15
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37.52
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*as at 11/06/2024, not annualised
**Cumulative Return
The transfer of balances from the closing fund to the default alternative fund will be carried out free of charge on 27/09/2024. The closing fund will no longer accept auto-giro payments as of 24/06/2024. Any payments made to the closing fund after this date will be directed to the default alternative fund.
Actions to be taken
If you agree with your balance being transferred to the default alternative fund on 27/09/2024, then you do not need to take any action.
If you do not agree with your balance being transferred to the default alternative fund, you may choose to either transfer it to any other fund or surrender it, free of charge. Our full range of funds can be found on our website. You are kindly requested to provide us with your instructions as soon as possible and in any case before 27/09/2024.
We aim to ensure that this causes as little disruption or inconvenience to you as possible. If you have any questions or need further clarifications, please contact our customer service at +357 22 551300 or via email at info@ancoria.com.
Yours sincerely,
Ancoria Insurance Public Ltd
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