Aberdeen Global Funds - Aberdeen Asset Management

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(2) the merger will have no impact on the services provided to the Fund and that from a legal point ofview all fund administration contracts, together with appendices and ancillary or otheragreements, will be automatically transferred, meaning that BNP Paribas Securities Services,acting through its Luxembourg Branch, will fully assume all liabilities of BNP Paribas FundServices;(3) the existing fees charged for custody and administration services will remain unchanged.LENDING OF PORTFOLIO SECURITIESAt least 60% of income generated from any securities lending transaction will accrue to the relevant fund.The remainder will be paid to (i) the security clearing body or financial institution arranging the securitieslending transaction and (ii) the Investment Manager or the Investment Adviser or their respective agents forthe management of, and additional administrative work involved in, entering into and monitoring securitieslending transactions for the relevant fund.INVESTMENT IN OTHER UCITS and UCIsThe wording in section VI (c) of Appendix A of the Hong Kong Summary prospectus has been amended, therevised wordings are set out below:“When the Fund invests in the units of UCITS and/or other UCIs that are managed directly or by delegationby the management company or by any other company with which the management company is linked bycommon management or control, or by a substantial direct or indirect holding of more than 10% of thecapital or votes, the management company or other company cannot charge subscription or redemptionfees to the Fund on account of its investment in the units of such UCITS and/or UCIs.In respect of a fund's investments in UCITS and other UCIs that are managed directly or by delegation by themanagement company or by any other company with which the management company is linked bycommon management or control, or by a direct or indirect holding of more than 10% of the capital or votes,a management fee (excluding any performance fee, if any) of no more than 0.25% may be charged. TheFund will pay the management fee to the management company of the UCITS and other UCIs in which theFund has invested during the relevant period.The Fund will indicate in its annual report the total management fees charged both to the relevant fund andto the UCITS and other UCIs in which such fund has invested during the relevant period.”For further information, please refer to Hong Kong Summary Prospectus.Information on the risk management process will be made available for inspection at our office at Rooms2605-06, 18 Chater Road, 26th Floor Alexandra House, Central, Hong Kong.Investors will be notified of the availability of the revised Hong Kong Summary Prospectus which willcontain detailed disclosure on risks associated with investments in financial derivative instruments relevantto the FDI Sub-Funds in view of the expanded investment powers under UCITS III, together with a summaryof the Fund’s risk management process.If you have any questions regarding this letter or its enclosures, please contact Aberdeen International FundManagers Limited whose office is at Rooms 2605-06, 18 Chater Road, 26 th Floor Alexandra House, Central,Hong Kong, Tel. 852 2103 4709.The Board of Directors of Aberdeen Global accepts responsibility for the accuracy of the contents of thisletter.Yours faithfully,The Board of Directors3
APPENDIX IThe Hong Kong Summary Prospectus will be amended to include further risk factors arising from the Sub-Fund’s potential investment in derivatives. These are detailed below. Investors should refer to the amendedHong Kong Summary Prospectus for further information on the risks involved.Derivative InstrumentsA Fund may invest in derivative instruments as part of its strategy. Different derivative instruments involvelevels of exposure to risk. In particular, investors should be aware of the following:Investing in DerivativesThere are certain investment risks which apply in relation to techniques and instruments which theInvestment Adviser may employ for efficient portfolio management purposes or if disclosed in relation toany Fund, as part of principal investment policy including, but not limited to, those described in theProspectus. However, should the Investment Adviser’s expectations in employing such techniques andinstruments be incorrect, a Fund may suffer a substantial loss, having an adverse effect on the net assetvalue of the Shares.Financial Derivative Instruments and Investment StrategiesInvestments of a Fund may be composed of securities with varying degrees of volatility and may comprise,from time to time, financial derivative instruments. Since financial derivative instruments may be gearedinstruments, their use may result in greater fluctuations of the net asset value of the Fund concerned.A Fund may use financial derivative instruments for efficient portfolio management or to attempt to reducethe overall risk of its investments or, if disclosed in relation to any Fund, may be used as part of the principalinvestment policies and strategies. Such strategies might be unsuccessful and incur losses for the Fund, dueto market conditions. A Fund’s ability to use these strategies may be limited by market conditions,regulatory limits and tax consideration. Use of these strategies involves special risks, including:(i) dependence on the Investment Adviser’s ability to predict movements in the price of theunderlying security;(ii) imperfect correlation between the movements in securities or currency on which a derivativescontract is based and movements in the securities or currencies in the relevant Fund;(iii)(iv)(v)the absence of a liquid market for any particular instrument at any particular time;the degree of leverage inherent in futures trading (i.e. the loan margin deposits normallyrequired in futures trading means that futures trading may be highly leveraged). Accordingly, arelatively small price movement in a futures contract may result in an immediate andsubstantial loss to a Fund;possible impediments to efficient portfolio management or the ability to meet repurchaserequests or other short term obligations because a percentage of a Fund’s assets will besegregated to cover its obligations.Currency Forward ContractsThe Fund may enter into currency forward contracts for hedging and/or investment purposes. Forwardcontracts are not traded on exchanges and are not standardized; rather, banks and dealers act as principals inthese markets, negotiating each transaction on an individual basis. Trading in currency forward contracts issubstantially unregulated; there is no limitation on daily price movements and speculative position limits arenot applicable. The principals who deal in the forward markets are not required to continue to make marketsin the currencies or commodities they trade and these markets can experience periods of illiquidity,sometimes of significant duration. Market illiquidity or disruption could result in major losses to the Fund.Furthermore, currency forward contracts do not eliminate fluctuations in the prices of the Fund's securitiesor in foreign exchange rates, or prevent loss if the prices of these securities should decline. Performance maybe strongly influenced by movements in foreign exchange rates because currency positions held by the Fundmay not correspond with securities positions held. Forward currency transactions shall only be entered intoin the currencies in which the Fund normally transacts business. This hedging strategy may substantiallylimit holders of a specific class from benefiting if the class currency falls against the base currency and/or thecurrency in which the assets of the Fund are denominated. In such circumstances, Shareholders of therelevant Class may be exposed to fluctuations in the Net Asset Value per Unit reflecting the gains/losses onand the costs of the relevant financial instruments.4
Page 1: Aberdeen Global FundsSummary Prospe
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Page 21 and 22: DerivativesA sub-fund could not hol
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Page 49 and 50: C C C - 1 C - 2 C C 1,500 C E E E
Page 51 and 52: - ABD1.50%1.75% - A D1.25% 1.35%
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ABERDEEN GLOBALRegistered Office: 4
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75% of its Net Assets in such equit
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With effect from 30 March 2007, the
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Aberdeen Global - Sovereign High Yi
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exchange contracts, options and oth
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Taxation• Investors should note i
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Class A, Class D Shares and the hed
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The costs of the launch of the Aber
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The dividends for the following Fun
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___________________________________
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Services (UK) Ltd.) which may be ba
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of Shares of that Class then in iss
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The Managers shall not retain the b
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GLOBAL DISTRIBUTOR and INVESTMENT M
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Appendix A - Investment Restriction
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) The limit laid down in paragraph
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(c)(d)(e)GeneralThe aggregate premi
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(4) the financial derivative instru
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(ii)If Aberdeen Global is to be vol
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(c)(d)(e)(f)during any breakdown in
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Appendix D - Share Classes and Divi
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Aberdeen Global - Fixed Interest St
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Aberdeen Global - Ethical Engagemen
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The Mauritian Subsidiary will:• p
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Appendix G - Glossary of TermsThis
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ABERDEEN GLOBALSUPPLEMENT TOTHE SUM
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This supplement is notvalid unless
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This supplement is notvalid unless
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SRI 2007 11 1 6 E F (A)(B)Ab
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() Aberdeen International Fund Mana
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SRIUCITS 93/22 1.13 B 2 Socially
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90() 199611548
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F - 1. - Aberdeen GlobalIndia Opp
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E - A D 5%A I Z B B B B 4.0
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7. -(a)(1) ()(2) ()(b) 30 10,000,0
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B - (1) (1) (2) ()(i)(ii) ()(iii) /
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e) IX. a) III.IV. VI.a)b) c)b) a)
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(2) 10%(I)II. III. a)(i) 10%(ii)
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ABERDEEN ASSET MANAGEMENT ASIA LIMI
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Thierry LogierChristian Szylar Vér
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(a)(c)(a) (b) (c) (d) (e) (f) (g) (
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(b)(c)(d)( C)()/(i)(ii)(iii)(iv)(v)
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I I I I Z Z Z Z 3% E() 0.04% (
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• - • - • - • - 2007
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()()A I Z 8
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Aberdeen Global FundINVESTMENT APPL
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Please read the Summary Prospectus
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