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Terms and Conditions

It is important that you read this page.

The use of stewartinvestors.com (this “Website”) is subject to the following terms and conditions (the “Terms”).

If you do not agree to these Terms, please refrain from using this Website.

Important information about access to this website

This Website and the information on it is communicated from the United Kingdom by Stewart Investors which is a trading name of First Sentier Investors (UK) Funds Limited, (when communicating in the UK) and of First Sentier Investors International IM Limited (when communicating outside the UK and within the EEA) which are authorised and regulated by the Financial Conduct Authority of the United Kingdom. In Australia, Stewart Investors is a business name of First Sentier Investors (Australia) IM Ltd (ACN 114 194 311, AFSL 289017) (“FSI AIM”). This Website uses cookies as described in paragraph 16 of these Terms and by agreeing to these Terms you consent to the use of cookies as described in that paragraph.

This Website is a financial promotion for professional and retail clients in the UK and EEA (unless otherwise stated). It is directed only at persons whom this Website may lawfully be directed at in any relevant jurisdiction. Access to this Website is not open to persons resident in, or citizens of any territory outside the United Kingdom where, to allow such access would require any registration, filing, application for any licence or approval or other steps to be taken by First Sentier Investors (UK) Funds Limited or First Sentier Investors International IM Limited in order to comply with local laws or other regulatory requirements in such overseas territory.

Investing involves certain risks including that the value of investments and any income from them may go down as well as up and are not guaranteed. Investors may get back significantly less than the original amount invested. For further information please expand the “Risk Warnings” section below. For a full description of the terms of investment and the risks please see the Prospectus and Key Investor Information Document which are available on the First Sentier Investors’ UK website: https://www.firstsentierinvest.. If you are in any doubt as to the suitability of our funds for your investment needs, please seek investment advice.

The information on this Website constitutes a financial promotion for the purposes of the rules and guidance of the Financial Conduct Authority (the “FCA Rules”) and an invitation or inducement to engage in investment activity and/or a marketing communication for the purposes of the Markets in Financial Instruments Directive II (the “MiFID”).

First Sentier Investors (UK) Funds Limited, First Sentier Investors International IM Limited and FSI AIM are part of First Sentier Investors (“FSI”) a global investment management business, which is ultimately owned by Mitsubishi UFJ Financial Group, Inc (“MUFG”), a global financial group. MUFG and its subsidiaries do not guarantee the performance of any investment or entity referred to in this document or the repayment of capital. Any investments referred to are not deposits or other liabilities of MUFG or its subsidiaries, and are subject to investment risk including loss of income and capital invested.


About this website

This Website is owned, maintained, operated and communicated by Stewart Investors. Stewart Investors’ registered office is at Finsbury Circus House, 15 Finsbury Circus, London, EC2M 7EB.

This Website and the information on it is provided for information purposes only and does not constitute an invitation, offer or solicitation to engage in any investment activity including to buy or sell any investment including any interest in investment funds. The information on this Website constitutes a financial promotion for the purposes of the rules and guidance of the Financial Conduct Authority (the “FCA Rules”) and an invitation or inducement to engage in investment activity and/or a marketing communication for the purposes of the Markets in Financial Instruments Directive (the “MiFID”).

This Website contains information about investment funds which are managed by Stewart Investors (the “Funds”) and which are registered, or have otherwise been notified, for public distribution and marketing in the United Kingdom and certain other jurisdictions. Please note that the fact of such registration does not mean that any regulator has determined that the Funds are suitable for all or any investors. The Funds referred to on this Website may not be suitable investments for you and you should therefore seek professional investment advice before making a decision to invest in any of the Funds.

A link to the prospectus and Key Investor Information Document (“KIID”) for each of the Funds is available on the First Sentier Investors (UK) Funds Limited website: https://www.firstsentierinvest....


Selling restrictions

The distribution of the information on this Website may be restricted by law in certain countries. This Website and the information on it are not addressed to any person resident in the territory of any country or jurisdiction where such distribution would be contrary to local law or regulation. Stewart Investors disclaim all responsibility if you access or download any information from this Website in breach of any law or regulation in the country of which you are a citizen or in which you are residing or domiciled.


No advice

The information on this Website is provided for information only and does not constitute, and should not be construed as, investment advice or a recommendation to buy, sell or otherwise transact in any investment including the Funds. The information on this Website is provided solely on the basis that you will make your own investment decisions and Stewart Investors has not taken any account of your particular investment objectives or financial situation in preparing the information on this Website. In addition, nothing in this Website shall, or is intended to, constitute financial, legal, accounting or tax advice. We strongly recommend that you seek professional investment advice before making any investment decision. Stewart Investors neither provides investment advice to, nor receives and transmits orders from, investors in the Funds nor does it carry on any other activities with or for such investors that constitute “Regulated Activities” for the purposes of the FCA Rules or “investment services” or “ancillary services” for the purposes of MiFID.

For persons accessing this Website from within Australia, this website contains general information only. It is not intended to provide you with financial product advice and does not take into account your objectives, financial situation or needs. Before making any investment decision, you should consider, with your financial adviser, whether this information is appropriate in light of your investment needs, objectives and financial situation.


Performance information

Past performance is not a reliable indicator of future results. The value of investments and the income from them can go down as well as up and investors may not get back the amount originally invested and may lose all of their investment. Exchange rate changes may cause the value of overseas investments to rise or fall. To the extent that any information on this Website refers to a particular tax treatment, such treatment depends on the individual circumstances of the investor and may be subject to change in the future.


Risk warnings

Any investment involves substantial risks. Further information about the types of risks associated with investment in the Funds referred to on this Website can be found on the First Sentier Investors (UK) website:

https://www.firstsentierinvest...

The offering documents for each Fund (available on the above website) also contain risk warnings which are specific to the relevant Fund and which you should consider carefully before taking any decision to invest.


Offering documents

The terms of any investment in a Fund are governed by the documents establishing such terms. In the event of any inconsistency between the information on this Website and the terms specified in, or established pursuant to, the documents establishing the terms of issue or contract, the terms so specified or determined shall prevail. An application for interests in any of the Funds should only be made having fully and carefully read the relevant prospectus, KIID, the latest financial reports and other offering documents for the relevant Fund, which is available upon request or through the following website: https://www.firstsentierinvest...

For persons accessing this Website from within Australia, the product disclosure statements (“PDS”) and/or information memorandum (“IM”) issued by Colonial First State Investments Limited (ABN 98 002 348 352, AFSL 232468) (“CFSIL”) for certain Australian products mentioned on this Website, should be considered before deciding whether to acquire or hold interests in such financial products. The PDS or IM are available from Stewart Investors on this Website.


Information on this website

Stewart Investors has taken reasonable care to ensure that the information contained on this Website is accurate, current, complete, fit for its intended purpose and compliant with relevant United Kingdom legislation and regulations. However, errors or omissions may occur due to circumstances beyond Stewart Investors’ control and no warranty is given, or representation made, regarding the accuracy, validity or completeness of the information on this Website and no liability is accepted by such persons for the accuracy or completeness of such information. You must conduct your own due diligence and investigations rather than relying on any of the information on this Website. Any person who acts upon, or changes his investment position in reliance on, the information contained on this Website does so entirely at his own risk.

Information posted on this Website is current only as at the date it is first posted and may no longer be true or complete when viewed by you. Stewart Investors cannot guarantee that content will be accurate, complete and current at all times. To the extent that any information on this Website relates to a third party, such information has been provided by that third party and is the sole responsibility of such third party and Stewart Investors accepts no liability for such information. All content on the Website is subject to modification from time to time without notice. Please contact Stewart Investors for further information regarding the validity of any information contained on this Website.

To the extent that this Website contains any expression of opinion or forecast, such opinion or forecast is based on sources believed by Stewart Investors to be reliable, but is not guaranteed or warranted as to its current validity, accuracy or completeness.

Opinions expressed represent the opinions of Stewart Investors at the date of publication only, reflecting prevailing market conditions and certain assumptions (which may not prove to be valid), are subject to change and should not be relied on by users of the Website.


Material interests

Stewart Investors, its affiliates and its or their directors, officers, employees or agents may have holdings in the Funds and/or underlying investments of the Funds and may otherwise be interested in transactions in those Funds. Further details about the policies that Stewart Investors has adopted in order to avoid or to manage such conflicts in a way that ensures fair treatment for Stewart Investors’ clients are available from Stewart Investors on request.


Linked websites

Links to websites operated by third parties or affiliates are provided for information only and do not constitute any form of advice, endorsement or recommendation of such websites or the material on them. Stewart Investors accepts no responsibility for information contained on any other websites which can be accessed by hypertext link from this Website or for these websites not being available at all times. Stewart Investors has not reviewed, and will not review or update, such websites or information and any use that you make of such websites and information is at your own risk. Please note that when you click on any external site hypertext link you will leave this Website.


Liability

No warranty is given that the contents of this Website are compatible with all computer systems or browsers or that this Website shall be available on an uninterrupted basis. Stewart Investors does not accept any liability for any damages or losses arising from changes or alterations made to this Website by unauthorised third parties.

The internet is not a completely reliable transmission medium and neither Stewart Investors nor any of its affiliates accept any liability for any data transmission errors such as data loss or damage or alteration of any kind or for the security or confidentiality of information transmitted across the internet to or from Stewart Investors or any of its affiliates. Any such transmission of information is entirely at your own risk and any material downloaded from this Website is downloaded at your own risk.

The information on this Website is provided “as is”. To the extent permitted by law, Stewart Investors, its affiliates and its and their directors, officers, employees and agents expressly exclude all conditions, warranties, representations and other terms which might otherwise be implied by statute, common law or the law of equity. Stewart Investors and its affiliates will only be liable to you in respect of any direct losses arising from your use of, or inability to use, this Website in the event of Stewart Investors’ gross negligence, wilful default or fraud. In no event will Stewart Investors or any of its affiliates be liable to any person for any indirect, special or consequential damages arising out of any use of, or inability to use, this Website or the information contained on it or on any other hyper-linked site including, without limitation, any lost profits, business interruption, loss of programs or data on your equipment or otherwise, even if Stewart Investors is expressly advised of the possibility or likelihood of such damages. This does not affect Stewart Investors’ liability for any loss or damage which cannot be excluded or limited under applicable law.

Nothing in these Terms is intended to exclude or restrict any duty or liability that Stewart Investors has to its clients under the “regulatory system” in the United Kingdom (as such term is defined in the FCA Rules), under applicable local regulatory rules or which may not be excluded or restricted as a matter of applicable law.


Access

Stewart Investors reserves the right to suspend or withdraw access to any page(s) included on this Website without notice at any time and accepts no liability if, for any reason, these pages are unavailable at any time or for any period.


Compliance with law and regulation

When using this Website you must comply with all applicable local, national and international laws including those related to data privacy, international communications and exportation of technical or personal data. It may be illegal to download the information contained on this Website in certain countries and Stewart Investors, its affiliates and its and their directors, officers, employees and agents disclaim all responsibility if you download any information from this Website in breach of any law or regulation of the country in which you reside.


Intellectual property

(a) Unless otherwise specified, Stewart Investors is the owner or the licensee of all intellectual property rights in and to this Website, its content and the information, imagery and data published on it including but not limited to copyright and trademark rights (whether registered or unregistered). Those works are protected by copyright laws and treaties around the world. All such rights, save as expressly granted, are reserved.

(b) Notwithstanding paragraph (a) above, no warranty or indemnity is given that the use of the Website, or any information or material taken or downloaded from the Website will not infringe the intellectual property rights of any third party.

(c) Reproduction in any form of any part of the content, information, imagery or data from, or underlying, this Website, save for in strict compliance with these Terms, is prohibited without the prior written consent of Stewart Investors. All such intellectual property rights shall continue to be held by Stewart Investors or its licensors and no rights of any kind in such rights shall pass to you.

(d) The information held on this Website is for your own personal use only. You may print off or download copies of, or extracts from, pages from this Website for your personal reference but you must not modify those copies or extracts in any way. Stewart Investors (and any identified contributors), as the authors of material on this Website, must always be acknowledged.

(e) Notwithstanding paragraph (d) above, to the extent that you are a financial advisor, you may use the information available on this Website and provide copies of documents available on the Website to make recommendations to your clients, however such information is not intended for direct use by members of the public.

(f) Any unauthorised downloading, re-transmission or other copying or modification of any of the contents of the Website may be in breach of statutory or common law rights which could be the subject of legal action. Stewart Investors disclaims all liability which may result from any unauthorised reproduction or use of the information on the Website.

(g) All trademarks, service marks, company names or logos are the property of their respective holders. The display of any trade names or trademarks on the Website does not imply that any licence has been granted to any third party in respect of the same. Any use by you of these marks, names and/or logos may constitute an infringement of the holders’ rights.


The internet

Please note that there is no guarantee that any email sent by you will be received by us, or that the contents of any such email will remain private during internet transmission. Any information is sent at your own personal risk.


Data protection

Please see our Privacy Notice for information relating to how Stewart Investors and other companies associated with it protect your personal data. In agreeing to these Terms you agree to the terms of our Privacy Notice.


Cookies

Cookies are small data files that are sent to and stored on your computer, smartphone or other device used to access the internet, whenever you visit a website. We use cookies to enable and improve certain functions on our website and gain feedback on how our website is used. If you choose to switch certain cookies off, it will affect how our website works.

Cookies are useful because they allow a website to recognise the device you are using. As Stewart Investors operates in various jurisdictions we use cookies to store general information such as the region where you are based. This helps us to tailor our website to suit your requirements better. The Cookies we use here are ‘session’ cookies and will be removed every time you leave our website.

We use analytics cookies to collect information on website activity (such as the number of users who visit our website, the date and time of visits, the number of pages viewed, navigation patterns, what country and what systems users have used to access the site and, when entering our website from another website, the address of that web site). This information on its own does not identify an individual but it does provide us with statistics that can be used to analyse and improve our website.

The browsers of most computers, smartphones and other web–enabled devices are usually set up to accept cookies. If your browser preferences allow it, you can configure your browser to accept all cookies, reject all cookies, or notify you when cookies are set. Each browser is different, so check the “Help” menu of your browser to learn about how to change your cookie preferences.

However, please remember that cookies are often used to enable and improve certain functions on our website. If you choose to switch certain cookies off, it will affect how our website works and certain functionality may not work.

More information about cookies can be found on www.allaboutcookies.org. You can find out more about our use of cookies in our Cookie Policy.

Please note that third parties (including, for example, advertising networks and providers of external services like web traffic analysis services) may also use cookies, over which we have no control. These cookies are likely to be analytical/performance cookies or targeting cookies.


Amendment

Stewart Investors may delete or make changes to these Terms and to the information contained on this Website at any time.

If any provision of these Terms is found by any court or authority of competent jurisdiction to be illegal, void or invalid under the laws of any jurisdiction, the legality, validity or enforceability of the remainder of these Terms in that jurisdiction shall not be affected and the legality, validity and enforceability of the whole of these Terms in any other jurisdiction shall not be affected.


Applicable law

These Terms and any non-contractual obligations arising from or connected with them shall be governed by, and these Terms shall be construed in accordance with, the laws of England and Wales.


Jurisdiction

You agree that the English courts shall have exclusive jurisdiction in relation to any legal action or proceedings arising out of or in connection with these Terms (whether arising out of or in connection with contractual or non-contractual obligations) (“Proceedings”) and waive any objection to Proceedings in such courts on the grounds of venue or on the grounds that Proceedings have been brought in an inappropriate forum. You further agree that this paragraph operates for the benefit of Stewart Investors and accordingly Stewart Investors shall be entitled to take Proceedings in any other court or courts having jurisdiction.


Contact us

If you have any enquiries in relation to this Website or the information on it, please contact Stewart Investors at enquiries@stewartinvestors.com