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ADDENDUM TO THE PROSPECTUS OF THE INSINGER DE BEAUFORT ASSET

By Jose Ramirez,2014-05-18 06:02
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It is one of the four sub-funds offered as investments for different individual investment requirements under the umbrella structure of the SICAV.

    INSINGER DE BEAUFORT MANAGER SELECTION SICAV -

    INSINGER DE BEAUFORT MULTI - MANAGER EQUITY CLASS A

Application has been made for the secondary listing of the Insinger de Beaufort Multi-

    Manager Equity Class A Shares (the “Insinger de Beaufort Multi-Manager Equity A Shares”)

    on the Labuan International Financial Exchange (“LFX”).

    The Insinger de Beaufort Multi-Manager Equity A Shares is one of the sub-funds of the

    Insinger de Beaufort Manager Selection SICAV (“SICAV”). The shares of the SICAV were

    offered on the basis of this information and representations contained in the prospectus

    dated January 2002 (the “Prospectus”) annexed with this Addendum. As at the date of

    this prospectus, the SICAV offers investment in the following funds:

    (a) Insinger de Beaufort Multi-Manager Equity;

    (b) Insinger de Beaufort Multi-Manager Balanced;

    (c) Insinger de Beaufort Multi-Manager Asia Ex Japan; and

    (d) Insinger de Beaufort Multi-Manager Japan.

    This Addendum is prepared solely for the use of individuals and entities intending to

    subscribe for the Insinger de Beaufort Multi-Manager Equity A Shares to be listed on the

    LFX.

    This Addendum is a supplement to the Prospectus to comply with the laws of Malaysia

    and the guidelines and practice notes issued by the LFX. Except where the context

    otherwise requires, this Addendum provides otherwise or is required under the laws of

    Malaysia applicable to the Labuan Offshore International Financial Centre (“Labuan

    Offshore laws”), the contents and the provision of the Prospectus shall form part of this

    Addendum.

    In the event of any discrepancy between the provisions of the Prospectus and any

    provisions of this Addendum, the provisions of this Addendum shall prevail for the

    purposes of interpretation and enforcement.

    The Directors of the SICAV have taken all reasonable care to ensure that the facts stated

    in this Addendum and the Prospectus are true and accurate in all material respects and

    that there are no other material facts, the omission of which would make misleading any

    statement, whether of fact or opinion. The Directors of SICAV accept responsibility

    accordingly.

    This Prospectus and the Addendum have not been and will not be registered with the

    Malaysian Securities Commission. The approval of the Malaysian Securities Commission

    has not been sought for either the distribution of this Prospectus and Addendum in

    Malaysia or for the Insinger de Beaufort Multi-Manager Equity A Shares to be made

    available, or offered for subscription or purchase in Malaysia or for the issue of any

    invitation to subscribe for or purchase the Insinger de Beaufort Multi-Manager Equity A

    Shares in Malaysia.

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    INSINGER DE BEAUFORT MANAGER SELECTION SICAV -

    INSINGER DE BEAUFORT MULTI - MANAGER EQUITY CLASS A

Accordingly, save as set out below, the Insinger de Beaufort Multi-Manager Equity A

    Shares may only be issued to a non-resident of Malaysia and may not be made

    available or offered for subscription or purchase in Malaysia nor may any invitation to

    subscribe for or purchase the shares of the sub-fund be issued in Malaysia save to the

    extent that it is by virtue of the Insinger de Beaufort Multi-Manager Equity A Shares being

    listed on the Labuan International Financial Exchange.

The Insinger de Beaufort Multi-Manager Equity A Shares which are listed on the LFX may

    be made available or offered for purchase in Malaysia if the transaction is in

    accordance with the rules for trading made by the Labuan International Financial

    Exchange Inc. under Section 32 of the Labuan Offshore Securities Industry Act 1998.

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    INSINGER DE BEAUFORT MANAGER SELECTION SICAV -

    INSINGER DE BEAUFORT MULTI - MANAGER EQUITY CLASS A

    CONTENTS

     Page

     NOTICE 2

     1. Principal Features of Insinger de Beaufort Multi-Manager Equity A 5

     2. Management 7

     3. General Information 9

     4. Investment Objectives and Policies 10

     5. Pooling of Assets 11

     6. Type of Shares 12

     7. Application for Shares 13

     8. Redemption of Shares 14

     9. Conversion of Shares 15

     10. Net Asset Value 16

     11. Dividends 17

     12. Charges and Expenses 18

     13. Restrictions 19

     14. Risk Management 20

     15. Taxation 21

     16. Meetings and Reports 22

     17. Liquidation and Merger 23

     18. Publications 24

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    INSINGER DE BEAUFORT MANAGER SELECTION SICAV -

    INSINGER DE BEAUFORT MULTI - MANAGER EQUITY CLASS A

     19. Documents Available for Inspection 25

     20. Conflicts of Interest 26

     APPENDIX 28

The subject matter of this offer for subscription is the Insinger de Beaufort Multi-

    Manager Equity A Shares. It is one of the four sub-funds offered as investments for

    different individual investment requirements under the "umbrella structure" of the

    SICAV.

    The Insinger de Beaufort Multi-Manager Equity A Shares may be issued and

    redeemed at prices based on the net asset value of the sub-fund. The details and

    procedures for subscription and redemption of shares under the SICAV is set out

    in Chapter 7 and Chapter 8 of this Addendum.

    Information on the principal features of the SICAV is set out in the Prospectus.

    The investment objective and policy of the Insinger de Beaufort Multi-Manager

    Equity A sub-fund represented by the Insinger de Beaufort Multi-Manager Equity A

    Shares is set out in Chapter 4 of this Addendum.

    Details of the investment objective and policy of each of the sub-fund in the

    SICAV, including the Insinger de Beaufort Multi-Manager Equity A sub-fund is set

    out in the Prospectus.

Under the Labuan Offshore laws, applications for the subscription or purchase of

    shares should be made to the Trading Agent. Accordingly, the reference to

    “Transfer Agent” in section 1.5 of the Prospectus in relation to the subscription or

    purchase of shares should read as, “Trading Agent” for the purposes of

    subscription or purchase of the Insinger de Beaufort Multi-Manager Equity A

    Shares.

    Applications must be received by the Trading Agent of the Insinger de Beaufort

    Multi-Manager Equity A Shares on a valuation day before 12.00 p.m., Malaysian

    time.

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    INSINGER DE BEAUFORT MANAGER SELECTION SICAV -

    INSINGER DE BEAUFORT MULTI - MANAGER EQUITY CLASS A

Under the Labuan Offshore laws, applications for the redemption of shares should

    be made to the Trading Agent. Accordingly, the reference to “Transfer Agent” in

    section 1.7 of the Prospectus in relation to the subscription or purchase of shares

    should read as, “Trading Agent” for the purposes of redemption of the Insinger de

    Beaufort Multi-Manager Equity A Shares.

    The redemption notice must be received by the Trading Agent of the Insinger de

    Beaufort Multi-Manager Equity A Shares on a valuation day before 12.00 p.m,

    Malaysian time.

Shareholders of the Insinger de Beaufort Multi-Manager Equity A Shares who wish

    to convert their holdings into shares of any other existing sub-funds of the SICAV

    may choose to redeem their Insinger de Beaufort Multi-Manager Equity A Shares

    and elect to subscribe for the sub-funds under the SICAV, which are offered

    pursuant to the Prospectus.

Subject to the information and amendments above, which are necessary to

    satisfy the requirements under the Labuan Offshore laws, the information in

    Chapter 1 of the Prospectus shall form part of this Addendum.

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    INSINGER DE BEAUFORT MANAGER SELECTION SICAV -

    INSINGER DE BEAUFORT MULTI - MANAGER EQUITY CLASS A

In addition to the information listed in section 2.2 of the Prospectus, the following

    relate directly to the administration and management of the activities and

    operations arising from the secondary listing of Insinger de Beaufort Multi-

    Manager Equity A Shares on the LFX.

    NOMINEE:

    Insinger Investor Nominees (Asia) Limited

    Brumby House, 1st Floor

    Jalan Bahasa, P.O. Box 80148

    87011 Labuan Federal Territory

    Malaysia

TRADING AGENT:

    Insinger Investor Services (Asia) Limited

    Head Office Brumby House, 1st Floor

    Jalan Bahasa, P.O. Box 80148

    87011 Labuan Federal Territory

    Malaysia

Marketing Office

    Suite 27-03, 27th Floor

    Menara Keck Seng

    203 Jalan Bukit Bintang

    55100 Kuala Lumpur

    Malaysia

LISTING SPONSOR:

    Insinger Funds Services (Asia) Limited

    Brumby House, 1st Floor

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    INSINGER DE BEAUFORT MANAGER SELECTION SICAV -

    INSINGER DE BEAUFORT MULTI - MANAGER EQUITY CLASS A

     Jalan Bahasa, P.O. Box 80148

    87011 Labuan Federal Territory

    Malaysia

Subject to the information and amendments above, which are necessary to

    satisfy the requirements under the Labuan Offshore laws, the information in

    Chapter 2 of the Prospectus shall form part of this Addendum.

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    INSINGER DE BEAUFORT MANAGER SELECTION SICAV -

    INSINGER DE BEAUFORT MULTI - MANAGER EQUITY CLASS A

    As the sub fund represented by the Insinger de Beaufort Multi-Manager Equity A Shares form part of the SICAV, the information set out in section 3.2 and 3.3 of the Prospectus shall form part of this Addendum.

    Insinger Investor Services (Asia) Limited was incorporated in Labuan, under the Labuan Offshore Companies Act 1990, on 10 September 2001 with a paid-up share capital of USD275,000.

    Insinger Investor Services (Asia) Limited is responsible for processing the issue, redemption, conversion and transfer of shares, as well as for maintaining the register of shareholders in respect of the secondary listing of the sub-fund represented by the Insinger de Beaufort Multi-Manager Equity A Shares on the LFX. Insinger Investor Services (Asia) Limited is a joint venture company owned jointly by Bank Insinger de Beaufort N.V. (49%), Insinger de Beaufort Holdings (Asia) Limited (48%) and Insinger Brumby Trust (Labuan) Sdn. Bhd. (3%).

    It provides intermediary functions for the distribution of the shares of the sub-fund. No legal or arbitration proceedings are pending or, to the best of the sub-fund's knowledge, threatened against the sub-fund since the incorporation of the Insinger de Beaufort Multi-Manager Equity A Shares.

    The net asset value per share of the sub-fund represented by the Insinger de

    Beaufort Multi-Manager Equity A Shares shall additionally be posted on the website of the Labuan International Financial Exchange.

    Subject to the information and amendments above, which are necessary to satisfy the requirements under the Labuan Offshore laws, the information in Chapter 3 of the Prospectus shall form part of this Addendum.

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    INSINGER DE BEAUFORT MANAGER SELECTION SICAV -

    INSINGER DE BEAUFORT MULTI - MANAGER EQUITY CLASS A

The investment objective and policy of the sub-fund is set out in Appendix 1 of

    the Prospectus.

    Equity

    The investment objective and policy of the sub-fund is set out in Appendix 1 of

    the Prospectus.

    As the shareholders of Insinger de Beaufort Multi-Manager Equity A Shares are

    permitted to redeem the shares and may elect to subscribe for shares which

    comprises the sub-funds under the SICAV which are offered pursuant to the

    Prospectus, the information set out in Chapter 4 of the Prospectus shall form part

    of this Addendum.

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