The information on this website is issued by Swiss Life Asset Managers UK Limited, a company incorporated in England and Wales under number 04846209, authorised and regulated by the Financial Conduct Authority ("FCA") with FRN 229228 and its registered office is at 55 Wells Street, London, W1T 3PT.

By accessing and/or using the website and any pages thereof (hereinafter referred to as "this website"), you confirm that you have read and understood the following important legal information and that you agree to the terms and conditions set forth therein. If you do not agree to, or do not wish to abide by, the following terms and conditions, please do not access or use this website. As this information and terms and conditions are subject to amendment from time to time, you should consult them regularly.

The contents of this website and the publications available herein may contain advertising.

The information and services offered and described on this website are not intended for distribution to, or use by, any person or entity in any country or legal jurisdiction where such distribution or use would be contrary to applicable local laws or regulations or would subject the funds featured on this website to any registration requirements within such country or jurisdiction. Persons or entities, in respect of whom such prohibitions apply, must not access or use this website. This website is reserved exclusively for non-US persons and should not be accessed by any citizens or residents of the United States. In particular, units of the applicable funds may not be offered for purchase or sold either in the United States or to or for the account of US citizens or US persons domiciled in the United States. To the extent that contents or documents are made available in a language that is not that of your country of domicile, this does not mean that sales authorisation has been granted or requested for countries with the corresponding national language.

No offer 
The information contained in this website does not constitute an offer to buy or sell securities of any type or to subscribe for units or an interest in any fund. Nothing in this website should be construed as an offer or the solicitation of an offer to purchase, subscribe or sell an investment or to engage in any other transaction. Investors are expressly advised that the information provided is intended merely to provide inspiration for their own investment considerations. Its publication does not in itself constitute any investment advice and therefore cannot be construed as a recommendation to buy or sell securities, futures contracts or other financial instruments or to subscribe for units or an interest in any fund. Furthermore, by offering information, products or services via this website, no solicitation is made to any person to use such information, products or services in jurisdictions where the provision of such information, products or services is prohibited by law or regulation. Products and services mentioned or described in this website may not be available to or suitable for you. The information provided here cannot replace consultation from an investment advisor/asset manager based on the individual circumstances of the investor.

Sales restrictions
The funds referred to on this site are not recognised collective investment schemes for the purposes of the Financial Services and Markets Act 2000 of the United Kingdom (the "Act"). The promotion of such funds and the distribution of offering materials in relation to such funds in the United Kingdom is accordingly restricted by law.
The information contained on this site is directed only at persons to whom unregulated funds may lawfully be promoted by a person authorised under the Act (an "authorised person"), by virtue of Section 238(5) or (6) of the Act. Promotion of these schemes will only therefore be made to recipients who have been assessed by the firm to fall into an applicable provision of the Financial Services and Markets Act 2000 (Promotion of Collective Investment Schemes)(Exemptions) Order 2001 or a category within Chapter 4.12 of the FCA Conduct of Business Sourcebook (COBS). Information must not be relied or acted upon by any other persons.
The funds referred to on this site are not regulated under the UK's financial services regulations and investors in those funds will not benefit from the rules and regulations made under the Act for the protection of investors as would apply to authorised schemes, or from the Financial Services Compensation Scheme.
An application for shares, units or interests in any of the funds referred to on this site should only be made having read fully the relevant prospectus and other fund documents.

Risk factors
The value of investments may go down as well as up, and investors may not get back all or any amount originally invested. Income or other returns from investments are subject to change and may be lower than estimated. Past performance is not a reliable indicator of future performance.
Swiss Life Asset Managers UK Limited manages funds which invest in real property and which may be subject to higher risk and volatility than other funds and may not be suitable for all investors. Further, the funds may be leveraged and their portfolios may lack diversification thereby increasing the risk of loss.
The levels and bases of and reliefs from taxation may change. Any tax reliefs referred to are those currently available and their value depends on the circumstances of the individual investor. Investors should consult their own tax adviser in order to understand any applicable tax consequences.

No decision-making basis 
All information contained in this website has been prepared by Swiss Life on the basis of publicly available information, internally developed data and other sources believed to be reliable. It is for general information purposes only and should not be considered a general or individualised recommendation or general or personalised investment, tax or legal advice. Reasonable care has been taken to ensure that the data and information used and contained in the website is accurate and that the opinions stated are fair and reasonable. All opinions and estimates constitute our judgement as of the date of publication and do not constitute general or specific investment advice. All figures and data are unaudited unless otherwise stated. All information on this website is subject to change without notice. When purchasing or subscribing an investment on the basis of an analysis of the past performance of securities, futures contracts or other financial instruments, you should never forget that past performance offers no guarantee for the future. Both the value of an investment and its return can both rise and fall and investors may not recoup their invested capital. They should be aware of the fact that exchange rate fluctuations can exert an influence on investments in foreign currencies. Any performance data presented on this website represent past performance. Past performance is no indication of current or future performance. The performance data do not include commissions and costs incurred when issuing and redeeming fund units. Please note that Swiss Life Group companies and their employees may have interests or positions in relevant securities or may have a business relationship with the issuers.

No warranty 
Swiss Life takes great care to ensure that the information contained on its website is correct and up-to-date. However, Swiss Life neither explicitly nor implicitly guarantees that the data, information and references on this website are at all times correct, complete and available. Swiss Life reserves the right to change or remove data, information or references at any time without prior notice. The data and information are provided by Swiss Life on an "as is" and "as available" basis.

Exclusion of liability
Your use of the internet or this website, and any links, hyperlinks and web addresses is entirely at your own risk. This also applies to e-mails (electronic mail) and links that connect you to the Swiss Life website. Swiss Life assumes no liability whatsoever for direct or indirect loss or damage incurred by users of its websites or by third parties as a result of contacts or transactions made via the internet. In particular, it shall not be held liable for the accuracy, timeliness, quality, suitability or completeness of the data, information and content shown or transmitted via the internet.
Swiss Life does not guarantee technically smooth and uninterrupted access to its website, nor can it guarantee that use of the website will not lead to technical problems elsewhere. Owing to amendments to laws, decrees and regulations and the risks of electronic communication, Swiss Life offers no assurance or guarantee that the websites will operate consistently without interruption or error or be free from viruses.  As a user, you agree to use this or any connected website and their contents at your own risk. "Use" is also understood to include access to the above-mentioned websites and their contents.
Neither Swiss Life nor any other party involved in the design, production or the provision of this website or any connected website shall be liable for any loss or damage resulting from its use or from any erroneous content, irrespective of whether such loss or damage is direct or indirect, causally or non-causally related, contractual or non-contractual, or resulting from a civil or criminal law offence. This exclusion of liability also refers to indirect and consequential loss or damage such as foregone profits or losses due to business interruptions.
By accepting these terms and conditions of use, visitors to the website confirm that the details they have provided are correct and undertake to indemnify Swiss Life if they should have provided false information.

Linked websites 
Swiss Life makes no assurances in connection with other websites that can be accessed via a link on its own website and over which it has no surveillance. Swiss Life does not assume ownership of the contents of third-party websites linked from our own websites. It is unable to accept any responsibility for the contents of the linked sites, particularly not for changes to said sites after configuration of the link. Information contained on third-party websites is independent of Swiss Life’s own information. Links, hyperlinks and web addresses leading to one or more other websites are for information purposes only and in no way imply that Swiss Life assumes responsibility for the contents of such websites or approves of their contents or their use.

This website contains proprietary names as well as images, information and brand and company names that are protected by copyright. All information contained on our websites is subject to the copyright provisions of your country of domicile and the applicable foreign laws. The applicable laws on the protection of intellectual property expressly prohibit any copying or use, either in full or in part, of such material, which includes the Swiss Life logo.No information or references contained on this website may be copied, reproduced, distributed or used in other ways without the explicit written consent of Swiss Life, unless Swiss Life has expressly permitted certain use of the images, information or data in question (e.g. download of images). If you would like to apply for approval to copy information contained on this website that is not freely available for use, please contact Swiss Life.

Data protection
Swiss Life undertakes to make use of the personal data that it receives via this website for internal data processing purposes only. Swiss Life shall to this end act within the limits of the statutory and regulatory provisions. Swiss Life undertakes to comply with the provisions of the European General Data Protection Regulation (Regulation [EU] 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing directive 95/46/EG) in force since 25 May 2018 as well as the national data protection laws as amended.

Please note that all your movements on this website may be recorded and analysed for security, marketing and system monitoring purposes, among others.Access to and use of this website and any parts thereof, and the terms and conditions of this legal information, are governed by Swiss law. The place of jurisdiction is Zurich, Switzerland.

Fund glossary - Disclaimer 
Swiss Life would like to point out that the concepts defined in the fund glossary are context dependent and may be interpreted differently in different situations. We therefore recommend you have their use in any specific context reviewed. Swiss Life can accept no claim or liability which may arise from the direct or indirect use of a term referred to in this glossary.

Severability clause
Should any provision of the aforementioned terms and conditions of use, sales restrictions and legal information be or become invalid, this shall not affect the validity of the remaining provisions.