Following the takeover of Delta Lloyd group by NN Group in May this year, the six Luxembourg-domiciled Delta Lloyd Sicav sub funds merge into NN IP’s Sicav offering later this month.
As of 27 November, the Delta Lloyd L Bond Euro fund will merge into the NN L Euro Fixed Income fund and the Delta Lloyd European Participation fund will merge into the NN L European Participation Equity fund.
Two days later, the Delta Lloyd L European fund will merge into the NN L European Sustainable Equity fund and the Delta Lloyd L Cyrte Global will merge into the NN L Global Equity Impact Opportunities fund.
As of 4 December, the Delta Lloyd L Global Fund will merge into the NN L Global Sustainable Equity fund and the Delta Lloyd L Global Property Fund will merge into the NN L Global Real Estate fund.
The respective funds will stay open for orders until 20th November, 22nd November and 27th November respectively, after that all subscription, redemption and conversion orders will be refused until the merger has been completed.
Investors in the respective funds should be aware that their ISIN codes are set to change and the fee structure will be altered becoming identical to the respective NN IP fund.
Further information on the merger can be found here.