Lion Global Funds will be terminated with effect from 30 April 2011.
As at 31 December 2010, the total net asset value of each Sub-Fund has fallen below S$5million. As a result, the expense ratio of the respective Sub-Funds has been consistently high.
The group believes that at such a high expense ratio, the Sub-Funds will not provide a favourable level of return to its Unitholders, and it would be prejudicial to your interests as a Unitholder for the Sub-Funds to continue operating.
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