Nedgroup Investments: changes unit trust fund names / verander name van sy effektetrustfondse

Nedgroup Investments today announced that they will be changing the prefix to the names of their range of collective investment schemes (unit trust funds) from Nedbank to Nedgroup Investments with effect from 1 February 2007.

Nic Andrew, Head of Nedgroup Investments says: "Following the South African Reserve Bank's requirement that we change the name of our unit trust Manager to Nedgroup Collective Investments (due to the Banks Act, 94 of 1990 prohibiting the use of the word 'bank' by non-banking entities), we will now also be changing the prefix to the names of our range of collective investment schemes (unit trust funds) from Nedbank to Nedgroup Investments, with effect from 1 February 2007. By way of example, effective 1 February 2007, the Nedbank Rainmaker Fund will be renamed the Nedgroup Investments Rainmaker Fund and the Nedbank Money Market, the Nedgroup Investments Money Market Fund."

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Nedgroup Investments het vandag aangekondig dat hy voorvoegsel tot die name van sy reeks kollektiewe beleggingskemas (effektetrustfondse) van Nedbank na Nedgroup Investments met ingang van 1 Februarie 2007 gaan verander.

Nic Andrew, hoof van Nedgroup Investments, s:"Die naamsverandering volg op die Suid-Afrikaanse Reserwebank se vereiste dat ons die naam van ons effektetrust-bestuurder na Nedgroup Kollektiewe Beleggings verander (Die Bankwet, Wet 94 van 1990, verbied die gebruik van die woord "bank' deur nie-bank entiteite). Ons gaan dus vanaf 1 Februarie 2007 die name van ons reeks kollektiewe beleggingskemas (effektetrustfondse) van Nedbank na Nedgroup investments verander. Byvoorbeeld, vanaf 1 Februarie 2007 sal die Nedbank Rainmaker Fund se nuwe naam die Nedgroup Investments Rainmaker Fund wees en die Nedbank Money Market die Nedgroup Investments Money Market Fund."