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Manager replacement and re-opening – Zurich Investments Global Thematic Share replaced with Baillie Gifford Long Term Global Growth

Zurich Investments Global Thematic Share was closed to new investors in May 2018. The option has experienced periods of underperformance that has resulted in the option being unable to meet its investment objective.

From 22 October 2018, the investment manager, name, strategy and investment parameters changed.

The option is now managed by Baillie Gifford and named Baillie Gifford Long Term Global Growth.


The change has been implemented across the following products:

  • FirstChoice Wholesale Personal Super
  • FirstChoice Personal Super
  • FirstChoice Wholesale Pension
  • FirstChoice Pension
  • FirstChoice Wholesale Investments 
  • FirstChoice Investments

The option, which was closed to new investors, has been re-opened.

The option will continue to invest in international shares using Baillie Gifford’s proven style and focus on generating strong long-term growth.

Colonial First State Investments Limited ABN 98 002 348 352, AFS Licence 232468 (Colonial First State) is the issuer of interests in FirstChoice Personal Super, FirstChoice Wholesale Personal Super, FirstChoice Pension, FirstChoice Wholesale Pension, FirstChoice Employer Super offered from the Colonial First State FirstChoice Superannuation Trust ABN 26 458 298 557. It also issues interests in the Rollover & Superannuation Fund (ROSCO) and Personal Pension Plan (PPP) offered from the Colonial First State Rollover & Superannuation Fund ABN 88 854 638 840. Colonial First State also issues other investment products made available under FirstChoice Investments and FirstChoice Wholesale Investments, other than FirstRate Saver, FirstRate Term Deposits and FirstRate Investment Deposits which are products of the Commonwealth Bank of Australia ABN 48 123 123 124, AFS Licence 234945 (the Bank). The information contained in this update is general information only and does not take into account your individual objectives, financial situation or needs. Our investor services representatives do not provide financial advice. We recommend you speak to your financial adviser for any personal advice or recommendations. You should read the relevant Product Disclosure Statement (PDS) carefully and assess whether the information is appropriate for you and consider talking to a financial adviser before making an investment decision. PDSs can be obtained from or by calling us on 13 13 36.