The content of this website is issued by Sparinvest S.A., hereafter referred to as "Sparinvest".
All queries with regard to the content of this website are to be directed to the Webmaster of Sparinvest at email@example.com
28, Boulevard Royal
Tel.: +352 262747-1
Fax: +352 262747-99
The funds described on the website are sub-funds of a SICAV incorporated in Luxembourg which are authorised for public distribution in various countries. Their representative and paying agent in Switzerland is
Société Générale, Zurich Branch
P.O. Box 5070
The information contained in this website is not, and should not be construed as, a solicitation or offer, or recommendation, to acquire or dispose of any investment or to engage in any other transaction, or to provide any investment advice or other financial or banking service.
Using the content of this website does not entail any kind of legal relationship between Sparinvest and the user. This website is not a substitute for specific financial or other professional advice, nor should any person consider it as such. Sparinvest informs the user that financial or other professional advice is to be sought prior to using the information gathered on this website.
Under no circumstances will the content of this website be aimed at other purposes than the personal information of the user. The user, by confirming his/her country of residence by way of separate input, agrees that such choice, together with the selected preferred language, will be saved as a cookie on the user’s computer. The user agrees to update such information, should the necessity arise and in particular, when changing the country of residence. The accuracy of such information is placed under the sole responsibility of the user.
Furthermore, Sparinvest makes information available solely for those users who are not subject to any restrictions on purchasing of or holdings in Sparinvest products. A specific reference is made to the section on treatment of US Persons.
The information on this website has been compiled from sources that Sparinvest believes to be reliable, but no representation or warranty is made or guarantee given by Sparinvest or any other person as to its accuracy or completeness.
Unless otherwise indicated, all opinions, analysis and estimates shown on this website are entirely those of Sparinvest as of the date indicated and are subject to change without notice. Neither Sparinvest nor any other person accepts any liability whatsoever for any loss howsoever arising from any use of this website or its contents or otherwise arising in connection therewith. Each user of this website shall be solely responsible for making his/her own independent investigation of the business, financial condition and prospects of investments referred to in the website.
The information supplied on this Sparinvest website is provided subject to the laws of the Grand Duchy of Luxembourg as far as the Luxembourg domiciled Sparinvest entities are concerned and may only be accessed from other jurisdictions at the user's own risk accessing such information.
Parts of this website-offering are prepared by Morningstar. The latter acts as executing agent to Sparinvest. The following applies to data provided by Morningstar:
The information, data, analyses and opinions provided by Morningstar:
(1) include the confidential and proprietary information of Morningstar,
(2) may not be copied or redistributed,
(3) do not constitute investment advice offered by Morningstar,
(4) are provided solely for informational purposes,
(5) are not warranted to be correct, complete, accurate or timely and the date of data published may vary from fund to fund.
Morningstar shall not be responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data, analyses or opinions or their use and the information must not be relied upon by the user without appropriate verification.
Morningstar informs the user as follows: (i) no investment decision should be made in relation to any of the information provided other than on the advice of a professional financial advisor; (ii) past performance is no guarantee of future results; and (iii) the value of and income derived from investments can go down as well as up.
Any opinions contained in this document are those of Sparinvest. Investment markets and conditions can change rapidly and as such the views should not be taken as statement of fact, nor should reliance be placed on these views when making investment decisions. The composition of asset mix and asset allocation may change over time.
Important information for US Persons
Residents of the United States, citizens of other countries who are temporarily present in the United States or other persons as defined by Sparinvest or the legally binding documents (in particular, the Prospectuses of the investment funds) may be subject to certain restrictions regarding the availability of Sparinvest products and services of Sparinvest.
The material on these sites is not directed at and is not intended for US persons and is not an offer to provide, or a solicitation of any offer to buy or sell products or services in the United States of America.
The term "US Person" includes:
(i) a citizen of the United States of America irrespective of his place of residence or a resident of the United States of America irrespective of his citizenship;
(ii) a partnership organised or existing in laws of any state, territory or possession of the United States of America;
(iii) a corporation organised under the laws of the United States of America or of any state, territory or possession thereof or
(iv) any estate or trust which are subject to United States tax regulations.
No US-Person may purchase any products or services of Sparinvest and Sparinvest will not accept an application to purchase products or services from any such person.
All communication, electronic or otherwise, between the user and Sparinvest by means of this website and all information - whether sensitive or otherwise - that the user provides or inputs during his/her use of this website or which is collected through this website may be subject to computer recording or other recording, retention, automated processing and inclusion in a database for marketing, monitoring, analysis of business, legal and regulatory compliance and/or for any other related business purposes, under the sole discretion of Sparinvest.
In particular the user authorises Sparinvest to collect personal data from the user, to store such data electronically or otherwise, to make use of it and to process it The user can request a statement of his/her personal data, which are stored at Sparinvest free of charge. The user has the right to change or delete these data, should they prove to be incorrect. Sparinvest may store these personal data for the maximum period as permitted under applicable data protection regulations.
The user is able to decide whether or not to provide the required information. Data will not be passed on to third parties, except when required by Luxembourg legal provisions or when expressly authorised by the user.
The user expressly authorises Sparinvest to share the user's data with companies either within the Sparinvest Group or affiliated thereto.
Sparinvest also gathers and analyses data regarding the use of its websites, including domain names, number of hits, pages visited, length of user session, to evaluate the usefulness of the website, however these are for statistical purposes only and are not shared with any other organisation outside either the Sparinvest Group or companies affiliated thereto.
The user of the website is reminded that the confidentiality of e-mail messages sent via the public network cannot be guaranteed. The user shall avoid forwarding personal data or other confidential messages to Sparinvest via e-mail. Sparinvest or other executing agents are not liable to carry out orders or instructions submitted via public e-mail. Sparinvest is entitled, upon the user’s request, to provide general information via e-mail to the e-mail address defined by the user. Sparinvest shall neither be responsible nor liable for losses or damages incurred by any disappearance, transformation or delayed delivery of such a message.
The website of Sparinvest may contain links to other third party websites. Sparinvest does not sponsor or approve the contents of any such sites. Sparinvest accepts no responsibility for the information provided on any such sites and assumes no responsibility for any illegal, inaccurate or incomplete content on the website to which the user has been referred and especially in the case of any damages which result from the use or non-use of such incorrect information. Sparinvest has no influence on the current and future composition of the content of websites to which the link has referred the user. Such links refer to websites which are run by third parties outside of the control of Sparinvest.
No third party is permitted to link any other website to the website of Sparinvest without obtaining the prior written consent of Sparinvest. However, Sparinvest cannot ensure and the user cannot assume that such prior written consent exists for each link. In the case of persons creating such links to the website of Sparinvest, the persons implementing those links will be responsible for them and Sparinvest does not accept any responsibility in relation to those links.
The entire contents of the website of Sparinvest are subject to copyright with all rights reserved. The user may download or print out a hard copy of individual pages and/or sections of the website, provided that the user does not remove any copyright or other proprietary notices. Any downloading or otherwise copying from the website will not transfer title to any software or material to the user. The user may not reproduce (in whole or in part), transmit (by electronic means or otherwise), modify, link into or use for any public or commercial purpose the website and its content without the prior written permission of Sparinvest.
Subscriptions for shares in the Sparinvest investment funds shown on this website must always be made on the basis of the latest Sales Prospectus, Key Investor Information Document (if applicable) and the latest Annual Report (or Semi-Annual Report, if more recent). These documents can be obtained by the user free of charge via Sparinvest.
The investment funds presented on this website are open ended investment companies under Luxembourg law, which are authorised for public distribution in certain countries.
Notification of Risk
Fund performances quoted on this website are - unless otherwise indicated - calculated NAV to NAV, gross income reinvested in the fund currency, excluding initial charge.
Past performance is no guarantee of future returns. The value of the shares can fluctuate and is not guaranteed.
A transaction involving a foreign exchange transaction may be subject to fluctuations of currency values, which may affect the value of an investment.
Funds which invest in Emerging Markets involve a higher element of risk with regard to price fluctuations.