As of December 10th 2024, we inform you that Edmond de Rothschild AM Convertible Bonds funds will be absorbed by Ellipsis Asset Management.
The two asset management companies have mutually agreed to proceed with the merger-absorption of the EdR Europe Convertibles compartment of the EdR Fund SICAV by the Ellipsis European Convertible Fund FCP, as well as the EdR Global Convertibles compartment of the EdR Fund SICAV by the Ellipsis Global Convertible Fund FCP. This operation aims to simplify Ellipsis Asset Management's fund offering by consolidating similar investment strategies, enhancing product visibility, and increasing the FCP’s assets under management, thereby allowing it to benefit from economies of scale.
The transaction will be based on the net asset values calculated on the same day from the closing prices on December 10th 2024.
We thank the fund's holders for their confidence. To find out more about the terms of the transaction, the impact on the risk/return profile of the investment and taxation, we invite you to read the letter to holders.
Letter to shareholders EECF: www.ellipsis-am.com/publication/ComplianceDoc/En-LAP-Fusion-Absorption-EECF.pdf
Letter to shareholders EGCF: www.ellipsis-am.com/publication/ComplianceDoc/En-LAP-Fusion-Absorption-EGCF.pdf
For more information on the absorbing funds, Ellipsis European Convertible Fund & Ellipsis Global Convertible Fund: