Press Release – 24/06/2019

H2O has sold part of its non-rated private bonds and, based on a valuation received by international banks, marked down the balance in compliance with UCITS regulation, thereby cutting their aggregate market value below 2% of H2O’s AuM. As a result of this mark down, triggered by the press reports that dried up market liquidity and widened bid-ask spreads, H2O’s UCITS funds that hold these non-rated bonds will have their NAV’s impacted by 3%-7%.

H2O has decided to remove all entry fees across all funds until further notice.