You are connected to the website of

Fund Research, a department of
BLI - Banque de Luxembourg Investments S.A.
16, boulevard Royal
L- 2449 Luxembourg

a public limited company under Luxembourg law listed
in the Luxembourg Trade and Companies Register (registration no. B 80479)
Social security registration no.: 2001 2201 019,
VAT registration no: LU 187 161 83,
BIC (Bank Identifier Code): BLUXLULL

and authorised as a management company, under number S 645
pursuant chapter 15 of the law of 17 December 2010
relating to undertakings for collective investment

and subject to the supervision of the Commission de Surveillance du Secteur Financier (hereinafter the "CSSF")

238, route d'Arlon L-1150 Luxembourg
Telephone: (+352) 26 25 1 - 1 (central)
Fax: (+352) 26 25 1 - 26 01
www.cssf.lu

Content manager: BLI - Banque de Luxembourg Investments S.A.
Webhost: Banque de Luxembourg

 

Purpose of the website/Services offered:

This website should not be considered as constituting a permanent establishment or effective cross-border provision of services outside the Grand Duchy of Luxembourg.

The following services are offered on this website: A team of six dedicated fund analysts provides an objective selection of the best investment funds within each asset class, based on proprietary quantitative and qualitative analytical research. As well as fund selection, Fund Research also makes its portfolio management expertise available via its funds of funds and discretionary mandates.

Access of the website:

Any person in any jurisdiction whose nationality, country of residence or other legal reason prevents them from accessing the websites of foreign management companies must refrain from consulting this website. BLI - Banque de Luxembourg Investments S.A. declines all responsibility for such persons and invites all users to check prior to using the website that no regulations prevent or restrict them from using the BLI - Banque de Luxembourg Investments S.A. website.

This website is designed for institutional investors and high net worth individuals, who may or may not be clients of BLI - Banque de Luxembourg Investments S.A.. The services presented on this website are however strictly reserved for clients of BLI - Banque de Luxembourg Investments S.A..

Use of the website:

To invest in Banque de Luxembourg's investment funds described on this website, the investor is invited to contact Banque de Luxembourg, the custodian bank, or the usual platforms of the countries in which the funds are available and distributed.

BL is a 'SICAV' (Investment Company with variable share capital) governed by Luxembourg law and promoted by Banque de Luxembourg. The sub-funds of BL SICAV are registered for distribution in Luxembourg, France, Belgium, Germany, Austria, Spain, Sweden, Denmark, Finland, Switzerland, Italy and Singapore, with the exception of BL-Short Term Euro and BL-Short Term Dollar, which are not registered for distribution in Switzerland, Italy, Spain, Denmark or Finland. The sub-funds of the BL Fund Selection SICAV are registered for distribution in Luxembourg, France, Belgium, Germany, Austria, Sweden and Singapore.

Users are reminded that secrecy with regard to communication over the internet is not guaranteed and that they must take appropriate steps to ensure that their data and/or software are protected from viruses.

BLI - Banque de Luxembourg Investments S.A. will use all reasonable efforts to keep this website operational at all times. However, BLI - Banque de Luxembourg Investments S.A. cannot guarantee that this website and all of its features will be permanently available.

Access to this website shall be considered to have taken place at the registered office of BLI - Banque de Luxembourg Investments S.A. at the date and time shown on the BLI - Banque de Luxembourg Investments S.A. server, with the connections log serving as proof.

Applicable law and competent jurisdictions:

This website, as well as relations and transactions pertaining to it, is governed by Luxembourg law, in particular the Law of 14 August 2000 on electronic commerce*. The content of the website is established in accordance with the recommendations of the CSSF study "Les services financiers par Internet" (Financial Services Provision on the Internet) published in December 2001. BLI - Banque de Luxembourg Investments S.A. undertakes to comply with Luxembourg laws and regulations applicable to the use of a website.

Any litigation with respect to the current website shall be submitted to the exclusive jurisdiction of the district court in and of Luxembourg (Tribunal d'Arrondissement de et à Luxembourg, Grand-Duché de Luxembourg). Any complaints may also be lodged with the CSSF.

Website content:

The information published on this website shall be considered as 'commercial communication' within the meaning of the law of 14 August 2000 on electronic commerce. By accessing this website, users accept in advance any communication of a commercial nature that they receive from BLI - Banque de Luxembourg Investments S.A. via this website or by electronic mail.

This website contains information made available by external companies or hypertext links to other sites that have not been developed by BLI - Banque de Luxembourg Investments S.A.. The existence of links from BLI - Banque de Luxembourg Investments S.A.'s website to another website shall not constitute an approval, nor shall they serve as guarantee of the content or the ownership of this other website.

BLI - Banque de Luxembourg Investments S.A. reserves the right to change the content of the website or restrict its access, whenever such actions are deemed suitable.

The financial and economic information and views published on the website are for information purposes only and based on information known on the day of its publication; under no circumstances shall it constitute an offer for products or a recommendation or encouragement to invest nor can it be interpreted as investment, legal or tax advice. Such information must be used with the greatest caution. BLI - Banque de Luxembourg Investments S.A. provides no guarantee as to the accuracy, reliability, validity or completeness of such information.

Potential investors must ensure that they understand the associated risks of investing in various products and should not take an investment decision until they have given careful consideration, together with their professional advisers, to the appropriateness of such products to their specific financial situation, particularly with regard to legal, tax and accounting aspects. References to past performances of financial instruments should not be interpreted as a guarantee of future returns.

Subscriptions into funds:

  • Decisions to subscribe must be taken strictly on the basis of the fund's official documentation (prospectus, semi- and annual reports, and the Key Investor Information Document (KIID), etc.).
  • Subscription to UCITS funds: The User acknowledges that prior to subscribing to UCITS funds, he will consult or ask BLI - Banque de Luxembourg Investments S.A. for the relevant KIID. He may view at all times the electronic version of the relevant KIID for the UCITS fund concerned on the Fund Research's website at KIIDS.

Hypertext links:

Hypertext links may be set up with the current website subject to the express prior agreement of BLI - Banque de Luxembourg Investments S.A.. The hypertext links provided on the website are provided for information and convenience purposes only.

BLI - Banque de Luxembourg Investments S.A. shall not be liable for hypertext links to other websites accessed from this website nor shall it be liable for the content of such websites.

Personal data and cookies:

Users of this website are informed that their personal data may be used by BLI - Banque de Luxembourg Investments S.A. and automatically processed. Users are also informed that by accessing this website their personal data may be temporarily stored in the memory or registered on their own computer for purposes of facilitating navigation on the website (cookies). Users authorise BLI - Banque de Luxembourg Investments S.A. to act accordingly. Users are entitled to access and correct all relevant personal data in accordance with the law of 2 August 2002 regulating the use of personal data in computer programs by writing to BLI - Banque de Luxembourg Investments S.A. at the above address.

Copyright:

Any reproduction or representation, in whole or in part, of the pages, data and any other element making up the website, by whatever process or tool, without the express prior permission of BLI - Banque de Luxembourg Investments S.A. constitutes an infringement of copyright.

Use of Fund Research brand, logo and documents:

The Fund Research brand name, logo and/or documents may not be used by the Client without the prior written consent of Fund Research, a department of BLI - Banque de Luxembourg Investments S.A.. It is agreed that Users may use and distribute documents and information provided by Fund Research, a department of BLI - Banque de Luxembourg Investments S.A. for internal purposes. Users wishing to distribute this information in whatever form to their own client base or other persons must obtain the prior written consent of Fund Research, a department of BLI - Banque de Luxembourg Investments S.A..

Fees:

Access to the website is subject to fees and costs applicable to the services offered by Fund Research, a department of BLI - Banque de Luxembourg Investments S.A., of which the User acknowledges having been informed and which the User accepts. These fees and costs have been agreed between the parties. Access to the Internet shall be subject to the costs of internet access (internet providers and telephone communication), which are billed directly to Users by the operator. * Memorial A No. 96 of 8 September 2000, p. 2175.