Important legal information

Persons who access information on the website of Union Investment agree to the following terms and conditions. Any special agreements with respect to services or products of Union Investment shall be complementary to these terms and conditions, although in the event of any conflict, the provisions contained in any such special agreements shall prevail.

No offer, no obligation

No information published on the local Union Investment website constitutes a solicitation or offer, or recommendation, to buy or sell any investment fund, or to conclude any legal act of any kind whatsoever.

The information published and opinions expressed are provided by Union Investment for personal use and for informational purposes only and are subject to change without notice. Union Investment makes no representation (either express or implied) that the information and opinions expressed on the Union Investment website are accurate, complete or up to date. In particular, Union Investment shall not be obliged to remove any outdated information from the Union Investment website or to expressly mark it as being outdated. Nothing contained on the Union Investment website constitutes financial, legal, tax or other advice, nor should any investment or any other decisions be made solely based on the Union Investment website content. Union Investment recommends that investors independently assess, with a professional financial advisor, the specific financial risks as well as legal, regulatory, credit, tax and accounting consequences.

This website published by Union Investment is directed only at legal and natural persons seated or domiciled in countries in which the mentioned investment funds or its respective share classes are duly registered or approved for public distribution, offering or sale according to the applicable local laws.


The future performance of an investment cannot be deduced from previous market value, i.e. the value of an investment may fall as well as rise. An investment may also lose value due to changes in rates of foreign exchange. Union Investment cannot guarantee that any capital invested will maintain or increase in value.

Limitation of liability

Union Investment disclaims, without limitation, all liability for any loss or damage of any kind, including any direct, indirect or consequential damages, which might be incurred through the use of or access to the Union Investment website, or any links to third-party websites.
Furthermore, Union Investment disclaims all liability for any tampering with the Internet user's computer system by unauthorized parties. In this regard, Union Investment expressly reminds of the risk of viruses, and the possibility of targeted attacks by hackers. In order to combat viruses, it is recommended that the most recent browser versions be used, and that anti-virus software be installed and continually updated. As a rule, the opening of any e-mail from an unknown source as well as any unexpected attachment to an e-mail message should be avoided.
Although the information contained in the site has been obtained from and is based upon sources that Union Investment believes to be reliable, no representation of any kind is made that the information is accurate, complete or timeliness. Unless otherwise stated, all figures are unaudited. Union Investment does not accept liability for any loss arising from the use of the published site.


Some links on the Union Investment website lead to third-party websites, which are completely beyond control of Union Investment. Accordingly, Union Investment does not assume any responsibility for the accuracy, completeness and legality of the contents of such websites, or for any offers and services contained.

Use of the Union Investment website

The entire content of this Union Investment website is subject to copyright with all rights reserved. You may save or print out a hard copy of individual pages and/or sections of the Union Investment website, provided that you do not remove any copyright or other proprietary notices. With any saving or otherwise copying from the Union Investment website the terms and conditions for use shall be deemed to have been accepted. All property rights shall remain with Union Investment. You 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 Union Investment website without the prior written permission of Union Investment.

Sale of fund units to US citizens or sale within the United States

The information contained here and the funds managed by Union Investment are not for sale in the United States and are not intended for sale to US citizens. This applies to persons who hold US citizen ship as well as persons who are resident in the United States. Furthermore, this ruling also applies to partnership as well as corporations established under the laws of the United States of America or one of its federal states, territories or an overseas possessions.