Fitch Withdraws Parvest Multi-Strategy Low Vol's Fund Rating

(The following statement was released by the rating agency)

PARIS/LONDON, December 22 (Fitch) Fitch Ratings has withdrawn

Parvest

Multi-Strategy Low Vol's Fund Quality Rating of 'Strong'. The

fund is

Luxembourg-domiciled and managed by THEAM, a member of BNP

Paribas Investment

Partners (BNPP IP, rated 'Highest Standards').

KEY RATING DRIVERS

Fitch is withdrawing the ratings of Parvest Multi-Strategy Low

Vol because the

fund is undergoing a reorganisation and its assets have been

transferred

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