Important Information

Please read the following provisions carefully.

Legal information

Please read the following terms carefully.

Schroder Investment Management (Europe) S.A. (SIM Europe) and Schroder Investment Management Ltd. (SIM Ltd.) support Schroders' investment business in Europe.

This website is made available by Schroder Investment Management (Europe) S.A., German Branch. Schroder Investment Management (Europe) S.A., Schroder Investment Management Ltd. and Schroder Investment Management (Europe) S.A., German Branch are referred to as “we”, “us” or “our” in the information below.

We reserve the right to make changes in the provisions below at any time with immediate effect and without prior notice. It is your responsibility to check this website regularly for updated provisions. By continuing to use the website you declare that you agree to be bound by the changed provisions.

Past performance is not necessarily indicative of future performance. The value of an investment and the income from it may fall as well as rise, and investors may not get back the amount originally invested. Past performance figures published on this website are not indicative of future performance. Exchange rates may fluctuate and cause the value of an overseas investment to rise or fall. Tax levels and reliefs can change. The tax reliefs mentioned are current values that depend on the individual investor’s specific circumstances. Investments in the emerging markets are associated with a high level of risk. Investments in the sub-funds that are mentioned here should only be made after carefully reading the prospectus. The information contained in these pages does not form part of any contract nor should it be relied upon for contractual purposes.

The information on this website does not constitute a solicitation to subscribe to shares. Subscriptions for and issues of shares can only be made on the basis of the latest prospectus of a fund, together with the current audited annual report (and subsequent unaudited interim report, if published). Copies of the current prospectus of the Company and the current audited annual report may be obtained free of charge from Schroder Investment Management (Europe) S.A. or from the paying agent and the information office in Germany (UBS Deutschland AG, OpernTurm, Bockenheimer Landstraße 2-4, 60306 Frankfurt am Main, and Schroder Investment Management (Europe) S.A., German Branch, Taunustor 1, 60310 Frankfurt am Main [information office only]).

Schroder Investment Management (Europe) S.A. is subject to the Luxembourg law of 17 December 2010.

Disclaimer of warranty and limitation of liability

We assume that the information and contents on this website are correct and complete at the time of publication. However, we do not guarantee the accuracy of the information and accept no liability for errors or omissions by third parties.

Intellectual property rights

All rights to the materials on this website (in particular, but not exclusively, texts, images, layout, logos, designs and their arrangement) belong to us or our licensors. You may view this website and create printouts of the materials on this website solely for legal, private, non-commercial use subject to the conditions that (a) the material is not rewritten, adapted, translated, modified or in any way reconfigured, and (b) no copyright mark on the material or other indication of rights or ownership by third parties is removed.

Moreover, you are not entitled to reproduce, transfer, market, rewrite, adapt, translate or in any way reconfigure, associate with other work or services, to distribute, make accessible to third parties or use in another way for any public or commercial purpose the materials on the website without our prior written consent. Correspondingly, neither may you produce, publish or make use of any adaptations of the materials of this website.

Trademark rights

We are the owners and/or the authorised users of all trademarks and trade names that appear on this website or that are contained in this website. Third parties are prohibited from using all trademarks and trade names.

Links from and to the website

This website may contain links to third party websites. Links to this website may also appear on third party websites. Links from and to this website do not constitute any consent or adoption by us of any such linked websites or the information, content, products, services, advertising or other materials contained in them. We have no control over third-party websites that contain a link to this website or to which this website has a link and do not make these websites available. We are neither indirectly nor directly responsible or liable for damage, losses or costs which have in fact or supposedly been caused by the use of information, content, products, services, advertising or other materials made accessible on such websites, or by reliance on such information, content, products, services, advertising or other materials. This also applies to damage, losses or costs which are caused in connection with such use or such reliance. The use of links to third-party websites is your own responsibility.

Electronic mail (email)

The option of communicating by email between you and us is a facility we offer purely for convenience purposes. You recognise the limitations that exist in respect of the reliability of transmission, punctuality and security of emails over the Internet and are aware that we are not responsible for losses or damage that may occur in the event of your enquiries not being received, confirmed or processed or your emails being seen by third parties. Due to these concerns, you should not send confidential information by email, as this means of communication may not be secure. If you nonetheless do so, you do it at your own risk.

Applicable law and place of jurisdiction

Your access to and use of the website and these terms are governed by the laws of the Grand Duchy of Luxembourg.

The place of performance and sole place of jurisdiction for disputes arising out of these terms is Luxembourg. Schroder Investment Management (Europe) S.A.

This does not affect the right to choose in accordance with an applicable legal system another place of jurisdiction for this kind of dispute. This clause does not apply to users.

General

Should one or more of the present provisions be invalid, this will not affect the validity of the other provisions. The invalid provision will be replaced by a provision which comes closest to the intention of the invalid provision.

All rights in all countries

MSCI Disclaimer

Source: MSCI
The information obtained from MSCI or other third parties and contained in the reports available on this website are for your internal use only. This may not be reproduced or re-disseminated and may not be used to create financial instruments or products or any indices. MSCI information and third party data are provided on the assumption that they are accurate and the user of such information assumes the full risk associated with the use of such information. MSCI, its affiliates and other persons involved in or related to the collection, computation or preparation of MSCI Information (collectively, the “MSCI Parties”), and also other third parties, assume no liability (including, without limitation, liability for authenticity, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) for such information. Without limiting the foregoing, in no event will MSCI or any other third party be liable for any direct, indirect, special, consequential (including, without limitation, any lost profits) or other damage.

Information on Schroder Investment Management (Europe) S.A., German Branch

Schroder Investment Management (Europe) S.A., German Branch is a branch of a Luxembourg public limited company with its registered office in Frankfurt am Main.

The purpose of the Company:

  1. broker the conclusion of and providing evidence of the opportunity to conclude contracts for the acquisition of foreign investment units,
  2. market the same
  3. and portfolio management.

Commercial Register:
Frankfurt am Main District Court HRB 115301

Branch manager:
Achim Küssner (Chairman), Tanja Engel

Tax number:
DE326205207

Name and registered office of the company:
Schroder Investment Management (Europe) S.A., German Branch, Frankfurt am Main

Postal address & Contact details:
Taunustor 1 (TaunusTurm)
60310 Frankfurt

Tel: + 49 69 97 57 17 0
Fax: + 49 69 97 57 17 302
Email: invest@schroders.com

Head office
Schroder Investment Management (Europe) S.A.

Company’s registered office:
5, rue Hohenhof, 1736 Senningerberg, Luxembourg

Commercial Register:
B37799, Registre de Commerce et des Sociétés, Luxembourg

Board of Management:
Finbarr Browne (Chairman of the Board), Vanessa Grüneklee, Mike Summers, Cecilia Vernerson, Nirosha Jayawardana

Competent supervisory authorities:

The competent supervisory authority in Germany is the Federal Financial
Supervisory Authority (BaFin), Graurheindorfer Straße 108, 53117 Bonn
and Marie-Curie-Straße 24-28, 60439 Frankfurt am Main (Internet: www.bafin.de).

The competent supervisory authority in Luxembourg is the Luxembourg supervisory authority CSSF, 283, route d’Arlon, L-1150 Luxembourg (Internet: www.cssf.lu).

Information on dealing with conflicts of interest

In accordance with statutory requirements, we are providing you with information below about our extensive precautions for dealing with possible conflicts of interest. In doing so, we are also referring to our business relationships with Schroder Investment Management (Europe) S.A. and Schroder Investment Management Ltd (hereinafter referred to together with Schroder Investment Management (Europe) S.A., German Branch as “Schroders”).

Principles

Schroder Investment Management (Europe) S.A., German Branch is committed to maintaining the highest standards of ethical conduct in the provision of the above services to our clients. Clients' interests are paramount and Schroders’ policies and procedures for dealing with conflicts of interest that may arise are designed to ensure that these interests are appropriately considered.

Objectives

To meet these requirements and protect our client relationships, Schroders has for many years had in place business policies and procedures that set out how employees can identify, carefully consider and take action to manage potential conflicts of interest.  All Schroders employees are required to comply with these procedures. They must also not violate the procedures indirectly.

Schroders will endeavour to ensure that potential conflicts are identified and managed appropriately and efficiently.  The aim is to avoid conflicts, for example by erecting information barriers (Chinese walls) to prevent the dissemination of information that could give rise to conflicts of interest, acting independently to an appropriate extent or, where conflicts of interest cannot be avoided, disclosing a conflict to the client appropriately.

Identifying potential conflicts of interest

Conflicts of interest may arise between you and Schroder Investment Management (Europe) S.A., German Branch, other companies in our group, our management, our employees and other persons under contract with us, or between our clients.

In particular, conflicts of interest may arise:

  • when marketing of investment units from Schroders’ own turnover interest in the sale of financial instruments;
  • when receiving benefits from or to third parties in connection with investment services provided to you;
  • where remuneration is dependent on the number of securities transactions or in the case of performance-related remuneration to Schroders;
  • through performance-related remuneration of employees and intermediaries;
  • through the granting of benefits to our employees or brokers; or
  • from other Schroders Group businesses, such as the distribution of in-house investment funds.

The preceding list of examples where a potential conflict of interest may arise is not exhaustive.

Measures to avoid conflicts of interest

An independent compliance department operates in our company under the direct responsibility of the Executive Board, which is tasked with monitoring the identification, avoidance and management of conflicts of interest by the business areas. We take the following specific measures:

  • We establish business policies and procedures to ensure all clients are treated fairly/equally;
  • We lay down rules on the acceptance of benefits and disclosure of the acceptance and granting of benefits;
  • We create confidentiality areas through the erection of information barriers, separation of responsibilities and/or physical segregation of spaces;
  • Employees disclose securities transactions to the Compliance Office if a conflict of interest arises in the course of their activities;
  • Training of our employees.

Measures to deal with conflicts of interest

Schroders has determined that potential conflicts of interest, which we may not be able to resolve, may arise in the following situations: We may receive benefits from fund companies in the course of broking and marketing investment units. These may include turnover-related benefits paid to us by the fund companies from the management fees they collect. These payments or benefits are collected to provide efficient and high-quality infrastructure for the acquisition and sale of financial instruments. We receive benefits such as training from other service providers in connection with our business. The receipt of such benefits is not directly related to the services provided to you. We use these benefits to provide and continuously improve our services at the high quality levels you expect. In this context, conflicts of interest may arise which we cannot exclude in all cases. Conflicts of interest that cannot be avoided or fully resolved will be disclosed to the clients involved in the transaction before a transaction is concluded or advice is given.

We will be happy to provide detailed information on the above principles upon request.

Information about benefits

Within the scope of its brokerage activities, Schroder Investment Management (Europe) S.A., German Branch receives from SIM Ltd. benefits in the form of a share of the net income received by SIM Ltd. from transactions brokered by Schroder Investment Management (Europe) S.A., German Branch.

For the marketing services provided to SIM Europe, SIM Ltd. receives as benefits a share of the net income received from fund units in respect of which Schroder Investment Management Ltd. has provided services, depending on the asset class and investment sector.

We also receive gratuitous benefits such as training from SIM Ltd. in connection with our business activities.