The information and contents of this website are provided for informational purposes only and entail no contractual or other obligations. They do not purport to be an offer or sale of any interest in an Assenagon-managed fund.The information and contents of this website are based on carefully selected sources that are considered reliable. However, Assenagon S.A., Luxembourg, Assenagon Asset Management S.A., Luxembourg and its branch office as well as Assenagon Schweiz GmbH and Assenagon GmbH, Munich (hereinafter collectively called the "Assenagon Group") can neither assume responsibility for, nor guarantee, among other things, the completeness, correctness, timeliness, accuracy and availability of the information, despite having compiled it with due care. This information is legally a marketing communication which does not meet all legal requirements designed to guarantee the independence of financial analyses and it is not subject to any prohibition on dealing ahead of the publication of financial analyses.

The same applies to all websites of other companies that are referred to by weblink. Their information and contents are neither authorized nor controlled by the Assenagon Group. We furthermore point out that the Assenagon Group is not responsible for these companies' data protection policies. Any liability or warranty derived from information and contents of these websites is excluded. This also applies, in particular, to prices, news or other market and stock-exchange information that is taken from third party systems onto this website.

All opinions expressed on this website are based on the assessment of the Assenagon Group at the time it was published, regardless of when you receive the information, and are subject to change at any time, based on the economic, political and legal situation, without prior notice. The Assenagon Group thus expressly reserves the right to change any opinions expressed on this website at any time and without prior notice. Any liability or warranty arising from this website is therefore completely excluded.

The information and contents of this website was examined only for compliance with Luxembourg and German law. In some jurisdictions, the dissemination of such information may be subject to legal restrictions. The preceding information is thus not intended for natural or legal persons who have their residence or registered office in a jurisdiction that restricts dissemination of information of this type. Natural or legal persons who have their residence or registered office in a foreign jurisdiction should seek information on such restrictions and observe them accordingly.

In particular, the information and contents contained on this website is not intended for citizens of the UK (except for A. information, that can be accessed after selecting the country option "United Kingdom" and subject further to the selected user profile, and B. a person in relation to whom exemptions under the Financial Services and Markets Act 2000 (Financial Promotions) Order 2005 (the "Order") apply. Relevant exemptions under the Order include, but are not limited to, Article 49 of the Order (high net worth companies)). The information and contents contained on this website is also not intended for any resident of the United States or any other person deemed to be a "US person" as defined in Rule 902 of Regulation S under the US Securities Act of 1933, as amended. No US federal or state securities commission or regulatory authority has confirmed the accuracy or determined the adequacy of the information and contents of this website or any other information provided or made available to investors. Any representation to the contrary is a criminal offense.

The information and contents of this website are neither a public offer to sell nor a solicitation of an offer to buy securities, fund units or other financial instruments. An investment decision regarding any securities, fund units or other financial instruments should be made on the basis of the relevant sales documents (e.g. prospectus and for UCITS funds the key investor information, available in German from the head office of Assenagon Asset Management S.A. or at www.assenagon.com), but under no circumstances on the basis of this website. The information and contents of this website may also be unsuitable or inapplicable for certain investors. It is simply provided by the company as information for use at your own discretion and is no substitute for individual advice.

The value and return of the fund products, securities and financial services presented may decrease and increase, and in some cases investors may not receive back the full amount they invested. Past performance is no indicator of future performance. The performance of fund products is calculated using the BVI method; simulations are based on historical returns. Front loads and individual costs such as fees, commissions and other charges are not accounted for on this website, and would have a negative impact on performance were they to be included.

The Assenagon Group may have published other documents that contradict the information and contents of this website or come to other conclusions. These publications may reflect other assumptions, statements of opinion and analysis methods. Past performance is neither an indicator nor a guarantee of future performance. Future performance is neither explicitly nor implicitly guaranteed nor promised.

Contents and design of the Assenagon website are protected by copyright and may not be copied, disseminated, published, adopted or used for other purposes in any form whatsoever without the prior written approval of the Assenagon Group. Trademarks, patents and other forms of protection of other companies mentioned on this website or possibly protected by third party rights are subject without restriction to the provisions of the effective copyright law and ownership laws of the individual registered owners. By merely mentioning them does not imply that trademarks, patents and other forms of intellectual property protection are not protected by third party rights.

The tax information on this website is not intended to provide or replace binding tax advice, and does not claim to cover all tax aspects that may be relevant in connection with the acquisition, holding or sale of fund units. The information is not exhaustive, nor does it take into account the individual circumstances affecting certain investors or groups of investors. In particular, no guarantee may be given that statements on the present legal and tax situation are topical, correct and complete or that the legal and tax assessment is not changed by legislation, court decisions or by opinions or decrees of the fiscal administration. The Assenagon Group explicitly points out that such changes may also be implemented retroactively. The tax information cannot replace advice from a tax advisor based on your specific case.

Should parts or any individual wording of this liability exclusion not, no longer or not entirely conform to current law, the content and validity of the remaining parts will not be touched.

The information contained in e-mails is confidential and solely for the intended addressee(s). Unauthorised reproduction, disclosure, modification, and/or distribution of this e-mail is prohibited. If you have received an e-mail in error, please notify the sender immediately and delete it from your system. As messages can be intercepted, corrupted, contain viruses or arrive late or incomplete, e-mail transmission cannot be guaranteed to be secure or error free.