1. About the promoter
The information contained on this website is communicated by:
Invesco Asset Management Limited ("IAML"). Registered Address: Perpetual Park, Perpetual Park Drive, Henley-on-Thames, Oxfordshire, RG9 1HH, United Kingdom. Registered in England No 949417. Authorised and regulated by the Financial Conduct Authority. FCA registered No. 122674.
This website provides information about various investment products, mainly exchange-traded funds (ETFs) and exchange-traded certificates (ETCs) ("Products"). The provision of such information may constitute a financial promotion by the Invesco Group of companies, which include IAML (together “the Invesco Group”). The use of this website is subject to the following terms and conditions (the Terms) which you should read carefully. By using this website you agree to be legally bound by these Terms. If you do not accept these Terms, please do not use this website.
2. Distribution of information
The distribution of the information and material on this website may be restricted by law in certain countries. None of the information is directed at, or is intended for distribution to, or use by, any person or entity in any jurisdiction (by virtue of nationality, place of residence, domicile or registered office) where publication, distribution or use of such information would be contrary to local law or regulation, or would subject the Invesco Group to any registration or licensing requirements in such jurisdiction. You must inform yourself about, and observe any such restrictions in your jurisdiction and by accessing this website you represent that you have done so. The information on this website is not for distribution and does not constitute an offer to sell or the solicitation of any offer to buy any securities in the United States to or for the benefit of any United States person (being residents of the United States or partnerships or corporations organised under the laws thereof). The Products have not been registered in the United States under the Investment Company Act of 1940 and interests therein are not registered in the United States under the Securities Act of 1933.
3. No offer
The information and material on this website, including any offering document, is intended to be used for information purposes only. None of the information constitutes a public offer of securities under any applicable legislation, or an offer to sell, or a solicitation or an offer to purchase, any financial instruments, including but not limited to the Products. All investment decisions must be based only on the most up-to-date legal offering documents. The legal offering documents (Key Investor Information Document (KIID)/Key Information Document (KID), Prospectus/Base Prospectus and annual and semi-annual reports) are available free of charge at this website and from the issuers.
4. Website user categorisation
The professional investor section of the website and its content is restricted to “Professional Investors” only (as defined below) and is not intended for retail or private investors.
For the purposes of these terms, references to a "Professional Investor" mean a professional client pursuant to Directive 2014/65/EU (MiFID II) Annex II Section I and shall include:
1. Entities which are required to be authorised or regulated to operate in the financial markets. The following list includes all authorised entities carrying out the characteristic activities of the entities mentioned, whether authorised by an EEA State or a third country and whether or not authorised by reference to a directive:
(a) Credit institutions.
(b) Investment firms.
(c) Other authorised or regulated financial institutions.
(d) Insurance companies.
(e) Collective investment schemes and management companies of such schemes.
(f) Pension funds and management companies of such funds.
(g) Commodity and commodity derivatives dealers.
(i) Other institutional investors.
2. In relation to MiFID or equivalent third country business a large undertaking meeting two of the following size requirements on a company basis:
(a) Balance sheet total of EUR 20,000,000.
(b) Net turnover of EUR 40,000,000.
(c) Own funds of EUR 2,000,000.
3. In relation to business that is not MiFID or equivalent third country business a large undertaking meeting any of the following conditions:
(a) A body corporate (including a limited liability partnership) which has (or any of whose holding companies or subsidiaries has) (or has had at any time during the previous two years) called up share capital or net assets of at least £5 million (or its equivalent in any other currency at the relevant time).
(b) An undertaking that meets (or any of whose holding companies or subsidiaries meets) two of the following tests:
- A balance sheet total of EUR 12,500,000.
- A net turnover of EUR 25,000,000.
- An average number of employees during the year of 250.
(c) A partnership or unincorporated association which has (or has had at any time during the previous two years) net assets of at least £5 million (or its equivalent in any other currency at the relevant time) and calculated in the case of a limited partnership without deducting loans owing to any of the partners.
(d) A trustee of a trust (other than an occupational pension scheme, SSAS, personal pension scheme or stakeholder pension scheme) which has (or has had at any time during the previous two years) assets of at least £10 million (or its equivalent in any other currency at the relevant time) calculated by aggregating the value of the cash and designated investments forming part of the trust's assets, but before deducting its liabilities.
(e) A trustee of an occupational pension scheme or SSAS, or a trustee or operator of a personal pension scheme or stakeholder pension scheme where the scheme has (or has had at any time during the previous two years):
- At least 50 members; and
- assets under management of at least £10 million (or its equivalent in any other currency at the relevant time).
4. A national or regional government, including a public body that manages public debt at national or regional level, a central bank, an international or supranational institution (such as the World Bank, the IMF, the ECB, the EIB) or another similar international organisation;
5. Another institutional investor whose main activity is to invest in financial instruments (in relation to the firm's MiFID or equivalent third country business) or designated investments (in relation to the firm's other business). This includes entities dedicated to the securitisation of assets or other financing transactions.
In accessing the website as a Professional Investor you will be undertaking, warranting and representing to the Invesco Group that you are a Professional Investor. Please note that the Invesco Group will be acting in reliance upon your undertaking, warranty and representation and you shall indemnify us and hold us harmless against all claims liabilities, losses, damages, costs and expenses incurred or suffered by us by reason of any breach of such undertaking, warranty and representation.
As a matter of general policy the Invesco Group will not conduct regulated investment activities with any person as a result of their receiving information from the website, unless agreed otherwise with a professional investor.
Any non-Professional Investors should click on “I am a private investor” to access the retail or private investor section of the website.
5. No investment advice
This website is published solely for information purposes and does not constitute investment, legal, tax or other advice. It should not be relied upon in making an investment decision. The website is not tailored to the needs of any individual investor and does not contain any personal recommendation relating to any Products or other investment product, or any representation that an investment or strategy is suitable or appropriate for your individual circumstances. If any information on this website refers to a particular tax treatment, the tax treatment described depends on the individual circumstances of each client and may be subject to change in future. Prospective investors should obtain independent investment advice and inform themselves as to applicable legal requirements, exchange control regulations and taxes in their jurisdiction.
6. Fund Transactions by Connected Parties
Subject to the provisions of the product prospectus and the UCITS regulations, connected parties may contract or enter into any financial, banking or other transactions with respect to the Products. In addition, connected parties may invest in and deal in shares relating to any fund for their respective individual accounts, for the account of someone else or for the purposes of providing seed capital to the various sub-funds. These holdings may, on occasion, constitute a large portion of a single sub-fund. From time to time, such holdings may even constitute the majority of the Net Asset Value of the relevant sub-fund. There is no requirement (express or implied) on connected parties to maintain positions in a sub-fund at any time.
7. Investment performance
Investments can involve significant risk. Past performance is not a guarantee of future performance. The price of investments can go down as well as up and may be affected by changes in rates of exchange. An investor may not get back the amount invested. The price of investments listed on an exchange is determined by supply and demand, and may not equate to the value of the investment's underlying assets. Please refer to the relevant offering documents for further details of the financial commitments and risks involved in investing in a particular product.
8. No warranty
Information contained on this website has been taken from sources considered by the Invesco Group to be reliable, however the information is unaudited. No express or implied warranty or representation is given:
(i) In relation to any aspect or characteristic of the website or any information contained on it.
(ii) As to the accuracy, completeness, availability, timeliness, merchantability or fitness for purpose of any information on the website, including but not limited to any quotations, news, opinions, commentaries, recommendations, data or pricing.
(iii) That access to any aspect of the website will be uninterrupted or free from delays, malfunctions or errors in transmission.
(iv) As to the future performance of the Products; or
(v) As to any result or outcome that may be obtained from use of the website.
Any of the information on this website may be changed, updated or removed without prior notice, however the Invesco Group is under no obligation to update the information and does not represent that it or any other person will do so.
9. No liability for loss or damage
The Invesco Group (including any of its directors, officers or employees, third party agents and affiliates) will not be liable for any loss or damage of any kind, in whole or in part, howsoever caused, resulting from the use of, reliance upon, failure of or inability to access this website or any linked website, or resulting from the act or omission of any other party involved in making this website or the information on it available to you, whether or not the circumstances giving rise to such loss or damage were within the control of the Invesco Group, or whether or not the Invesco Group knew of the possibility of loss or damage arising.
The Terms and Conditions are not intended to exclude or restrict any duty or liability the Invesco Group may have under the UK regulatory system.
You agree to indemnify the Invesco Group and its affiliates against any losses, claims, liabilities, damages, costs and expenses (including reasonable legal fees) arising from or relating to your:
(i) Use of this website.
(ii) Breach of any of the Terms and Conditions or any representation made by you herein; or
(iii) Violation of any applicable law, statute, regulation or any third party's rights.
This website and access to it can be terminated at any time, with or without notice, and for any reason. Termination of your access and use of the website does not relieve you of any obligations arising prior to such termination, or limit any liability that you otherwise may have to the Invesco Group.
11. Modifications and additional terms and conditions
By accepting the Terms and Conditions, you also agree to be bound by any additional or alternative terms and conditions that apply to individual pages within this website or individual documents that may be downloaded from this website, as specified on those pages or documents. Your continued use of this website shall signify your agreement with and understanding of any additional or modified terms or conditions. If you access a page or document and do not understand, or do not agree to be bound by, any additional or alternative terms and conditions specified, you must cease using that page or document immediately.
The Invesco Group may change the Terms and Conditions at any time, without further notice to you.
12. Linked websites
This website may provide addresses or hyperlinks which lead you to other websites ("Linked Sites"). We have not reviewed nor do we endorse or recommend any products or services offered or information contained on Linked Sites, and disclaim any liability for their content or any consequences of their use. Any web addresses and hyperlinks in this website are provided solely for convenience and information. Accessing any Linked Sites shall be at your own risk.
You must not link this website to any other website in such a way as to make it possible for a user to bypass the page containing the Terms and Conditions.
13. Internet Communications
In order to maintain the security of its systems, protect its staff and detect fraud and other crimes, the Invesco Group reserves the right to monitor all internet communications, including web and email traffic, into and out of its domains. Monitoring includes checks for, but not limited to; viruses and other malignant code, criminal activity, and use or content which is unauthorized.
Information on 'cookies' is available HERE
14. Copyright and proprietary rights
Unless otherwise specified, this website and its content are owned by the Invesco Group, and may contain information, text, graphics, video, software, logos, and other materials ("Content") that are protected by copyright, trademarks, or other proprietary rights. No permission is granted to upload, copy, modify, post, frame, amend or distribute Content in any way without obtaining the prior written permission of the Invesco Group. All intellectual property rights in any part of the world which subsist in the contents of this website and which belong the Invesco Group save as expressly granted, hereby reserved.
15. Trade Marks
This website contains numerous registered and unregistered trade marks belonging to the Invesco Group. If you are in doubt as to whether an item is a trade mark of the Invesco Group, please contact us for clarification at the registered office address below.
17. Governing law and jurisdiction
Use of this website shall be governed by and construed in accordance with English law and any dispute arising in relation to this website is subject to the jurisdiction of the English courts