Suitability for Retail Distribution

RNS Number : 4896W

European Assets Trust NV

27 December 2013

 



European Assets Trust NV

To:                    Company Announcements

From:                European Assets Trust NV

Date:                 27 December 2013 

Retail Distribution of the Company's shares

The Financial Conduct Authority ("FCA") has issued rules relating to the restrictions on the retail distribution of unregulated collective investment schemes and close substitutes which will come into effect on 1 January 2014. 

The Boards note the proposed changes to the FCA rules and are pleased to confirm that European Assets Trust can be recommended by IFAs to ordinary retail investors.  The shares are excluded from the FCA's restrictions which apply to non-mainstream products as the Company's portfolio is wholly or predominantly made up of shares, debentures or government and public securities which are not themselves issued by other investment funds.

Scott McEllen

For F&C Investment Business Limited

Managers

Enquiries:  0131 718 1000

 

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