Global terms & conditions

The following terms and conditions apply to the use of this website. There are country specific terms and conditions which may also apply to your use of this website, depending on your country or region of residence. Copies of these specific terms and conditions may be accessed via the relevant country-specific website pages.



Terms of use: Ninety One UK Limited and its subsidiaries, affiliates, principals and employees (“Ninety One” or “us” or “we”) do not, subject to applicable law, guarantee the accuracy, validity, timeliness, completeness or suitability of any information or data made available to you through this website. The information contained on this website is compiled for the convenience of website visitors and is accepted by the website visitor on the condition, where permitted by applicable law, that errors or omissions (apart from errors and omissions caused by wilful intent or gross negligence) shall not be made the basis for any claim, demand or cause of action. The views expressed herein do not necessarily reflect the views of Ninety One nor do they constitute investment, tax, legal or any other advice. You must speak to a financial advisor or other appropriate professional advisor if you wish to obtain investment advice. The views reflected herein are subject to change without notice. We will use reasonable endeavours to update the information contained on this website but we are under no obligation to update the content of this website except where required by regulation or applicable law. Ninety One reserves the right to modify or amend these Terms of use at any time, for example to comply with new or updated laws or regulations. You agree to monitor these Terms of use and to cease all access or use of this website if you no longer agree to abide by the Terms of use. Your continued use of the website shall constitute acceptance of any modifications. Information on this website may be provided in more than one language. By continuing to use this website you are consenting to us communicating to you in this way.

We may modify, withdraw or deny access to this website at any time.

Information contained on this website is published in good faith and while Ninety One takes reasonable steps to ensure its accuracy, subject to applicable law, we disclaim all warranties, express or implied, including, but not limited to, warranties of title, non-infringement, merchantability or fitness for a particular purpose, for the information provided on this website. The use of this website is at your own risk. Where permitted by applicable law, Ninety One will not be liable (except for damages or injuries arising out of Ninety One’s wilful intent or gross negligence) for any damages or injuries arising out of your use of any such information or data, including without limitation, damages relating to any (i) error, omission, interruption, information being out of date, delay in operation or transmission, (ii) computer virus, worm, “trojan horse” or other malicious software, (iii) failure or defect in any communication facilities, hardware or software, (iv) theft and destruction or unauthorised access to, alteration of, or use of information, or (v) damages or injuries arising from links to other websites.

Decisions based on information contained on this website are the sole responsibility of the user, and in exchange for using this website, the user agrees to hold Ninety One harmless against any claims for damages arising from any decisions the user makes based on such information. 

The services, investments or products referred to on this website are not available to persons resident in any jurisdiction where such availability or distribution would be contrary to local law or regulation. This website is designed for information purposes only and, subject to applicable law, does not constitute a solicitation, a recommendation or offer by Ninety One to buy or sell any securities, futures, options or other financial instruments or to provide any investment advice or service. Visitors should not use this website as their sole source of information on investments.

You should not rely on the information contained in this website to make any investment. Whilst we try and ensure the information contained on the website is accurate and up to date, we cannot be responsible for any inaccuracies in the information. Any application for our products or services should be made only after consultation with your legal, tax and financial advisors and review of the applicable prospectus, Key Investor Information Document, or other offering document(s) and terms and conditions applicable to such products or services. Any information, including the prospectus, Key Investor Information Documents or other offering document(s), in respect of applications can be obtained from the local office or local representative of Ninety One.

Past performance (either actual or simulated) is not a guide to future results. Investors should note that the value of the securities (and any income arising therefrom) that may be mentioned on this website may fall as well as rise. Investors are not guaranteed to make a profit; losses may be suffered. Capital is at risk; you may lose some or all of your investment.

Tax treatment depends on individual circumstances and may be subject to change in the future. Potential investors should seek their own financial and tax advice.

Cookies: Please click here for a detailed explanation of how we use cookies on this website.

Privacy statement: Please click here for our Privacy Notice. Personal data collected when visiting this website is processed in accordance with applicable data protection law. All information provided by you to Ninety One through this website is used solely by us and is not sold or provided to any other company. Personal financial information and information about our investors is regarded as private, and as such is not shared with anyone in any manner, regardless of the method by which we obtained such information. Nonetheless, we reserve the right to co-operate fully with any state, local, federal, and international officials in any investigation relating to any content (including personal or private electronic communication(s) transmitted via this website) or any purported unlawful activities of any user of this website.

Copyright: Except as may be expressly authorised, no information or material contained on this website may be reproduced, transmitted, displayed or commercially exploited without the written consent of Ninety One.

Enquiries: General enquiries about this website should be sent to [email protected]


Regulatory notices

Ninety One UK Limited is a limited company registered in England and Wales under Company No. 2036094. Its registered office is at 55 Gresham Street, London EC2V 7EL. It is authorised and regulated by the Financial Conduct Authority in the United Kingdom.

This website includes links to third party websites, which are not under the control of Ninety One. In this respect, Ninety One will incur no liability for any content, service, product or material through any linked site. Access to third party linked websites is at your own risk. Links to unaffiliated sites do not imply any endorsement of or responsibility for the opinions, ideas, products, information, or services offered at such sites.


Fund information

Investec Global Strategy Fund
Investec Global Strategy Fund (GSF) is a Société d’Investissement à Capital Variable authorised in Luxembourg under registered number 5635 and regulated by the Commission de Surveillance du Secteur Financier with effect from 1 July 2008. GSF has been established for an unlimited duration. It has been certified as UCITS (Undertaking for Collective Investment in Transferable Securities) in accordance with the Council Directive of 20/12/85 (Directive 85/611/EEC as amended).

Ninety One Luxembourg S.A. (registered in Luxembourg No. B 162485 and regulated by the Commission de Surveillance du Secteur Financier) is the Manager of GSF. Ninety One Guernsey Limited has been appointed as the Global Distributor of GSF.


Ninety One Funds Series i – iv
The Ninety One Funds Series range (series i - iv) are UCITS incorporated in England and Wales as investment companies with variable capital.

Ninety One Fund Managers UK Ltd (registered in England and Wales No. 2392609 and authorised and regulated by the Financial Conduct Authority) is the authorised corporate director of the Investec Funds Series range.


NFM Vitality Funds
The NFM Vitality Funds, are UCITS incorporated in England and Wales as investment companies with variable capital.

Ninety One Fund Managers UK Ltd (registered in England and Wales No. 2392609 and authorised and regulated by the Financial Conduct Authority) is the authorised corporate director of the NFM Vitality Fund range.


Botswana Unit Trusts
The Ninety One Botswana Managed Fund (Botswana Unit Trust) is a collective investment scheme as defined by the Collective Investment Undertakings Act, [CAP 56:09] .

The Management Company, Ninety One Fund Managers Botswana Proprietary Limited (IFM Botswana) (registration no. 1999/1087), is registered under the Collective Investment Undertakings Act, [CAP 56:09] and regulated by the Non-Bank Financial Institutions Regulatory Authority. 


Namibian Unit Trusts
The Ninety One Namibia Managed Fund (Namibian Unit Trust) is a collective investment scheme which is defined and administrated by the Namibian Unit Trust Control Act, 54 of 1981.

The Management Company, Ninety One Asset Management Namibia (Pty) Limited (IFM Namibia) (registration no. 1996/394), is registered under the Namibian Unit Trust Control Act, 54 of 1981 and regulated by the Namibia Financial Institutions Supervisory Authority.


South African Unit Trusts
The Ninety One Unit Trust Scheme (South African Unit Trust) is a collective investment scheme as defined by the Collective Investment Schemes Control Act, 45 of 2002. 

The unit trust manager, Ninety One Fund Managers SA (RF) (Pty) Ltd (IFMSA) (registration no. 1987/004390/07), is registered under the Collective Investment Schemes Control Act and regulated by the Financial Services Conduct Authority.

Website operator: With the exception of fund specific pages which are operated by the relevant Ninety One fund corporate entity as set out above, this website is operated and issued by Ninety One UK Limited which is authorised and regulated by the Financial Conduct Authority (Register number 122420). You can gain access to the Financial Conduct Authority's rules and guidance notes from the following link: www.fca.org.uk. Ninety One UK Limited is a limited company registered in England and Wales (Company No. 2036094). Registered Office: 55 Gresham Street, London EC2V 7EL.

Email

Notice to Email Recipients: This notice is applicable to any recipient of an email from Ninety One.

The email you have received contains privileged and confidential information intended only for the use of the addressee named in the email.

Any review, retransmission, dissemination, copying, disclosure or other use of, or taking of any action in reliance upon, this information by person or entities other than the intended recipient is prohibited.

If you have received the email in error, please notify the sender by return email and delete the email. This email should not be copied or used for any purpose other than intended, nor should it be disclosed to any other person. Any views expressed in this email are those of the individual sender, except where the sender specifically states them to be the view of Ninety One.

Ninety One is not liable for the security of information sent by email at your request, nor for the proper and complete transmission of the information contained in the communication nor for any delay in its receipt. Please note that the recipient must scan this email and any attached files for viruses and the like. Ninety One accepts no liability of whatever nature for any loss, liability, damage or expense resulting directly or indirectly from the access of any files which are attached to this email, provided that no such loss, liability, damage or expense is arising out of Ninety One’s wilful intent or gross negligence.


Market abuse regulation

As part of its adoption of the Market Abuse Regulation, Ninety One requires all market operators wishing to conduct market soundings with Ninety One staff to first contact Ninety One Compliance. Please contact Compliance using the following address [email protected].


Indices

Indices are shown for illustrative purposes only, are unmanaged and do not take into account market conditions or the costs associated with investing. Further, the manager’s strategy may deploy investment techniques and instruments not used to generate Index performance. For this reason, the performance of the manager and the Indices are not directly comparable.

If applicable MSCI data is sourced from MSCI Inc. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.

If applicable FTSE data is sourced from FTSE International Limited (‘FTSE’) © FTSE 2020. Please note a disclaimer applies to FTSE data and can be found at www.ftse.com/products/downloads/FTSE_Wholly_Owned_Non-Partner.pdf.



Ninety One on Social Media

Social Media Guidelines and Disclosures
Our social media channels are intended to share our thought leadership and investment insights as well as our corporate announcements and community engagement with institutional investors and financial advisors. We hope you find these posts provide important and timely information that are interesting and helpful.


Below are some important disclosures that govern our participation in social channels as well as guidelines that we follow.

Content
We are not responsible for the terms of use or privacy or security policies of any of our Social Media Platforms or any external third-party site that may be linked to them and you use these at your own risk.

Any opinions expressed by users on our Social Media Platforms are those of the persons submitting the opinion and don't necessarily represent our views.

Material has been provided for informational purposes only and should not be considered as investment advice or an offer, solicitation or recommendation for any security, strategy or investment product. All investments contain risk and may lose value.

Comment Guidelines
Given the regulatory framework around financial advice, we will remove comments with specific mention of securities, strategies or investment funds, and specific mention of investment testimonials or strategies is not permitted.

If your comment includes personal information beyond your name, or any information regarding your portfolio, we will need to remove the post. If required, we will make contact with you via private message to assist with your query after removing the comment.

Our goal is to provide updates and feature conversations that are relevant and valuable to you. To facilitate this, we ask your comments be focused on the purposes of the posts made on our individual social platforms. Comments that are off-topic, make unsupported claims, promote unrelated content or contain inappropriate or abusive language will be removed.


United Kingdom

If you are resident in United Kingdom the following terms and conditions should be read in conjunction with the Global Terms and Conditions, which shall be equally applicable.

Please read these terms and conditions carefully. Together with our Global Terms and Conditions and Privacy Notice, they govern our relationship with you in relation to your use of this website. If you have any questions about them please contact us.

We may change these terms and conditions or our Privacy Notice at any time by updating this page. You should check this page from time to time to review these terms and conditions to ensure you are happy with any changes. In consideration for us agreeing to make available this website and information contained on it to you, you agree to the terms detailed in these terms and conditions and the Privacy Notice. Using or accessing this website indicates your acceptance of these terms and conditions. If you do not accept these terms and conditions, please do not continue to use this website.

1. Individual investors

By using this website you confirm that:

  • You are located in the United Kingdom;
  • You are over 18 years old;
  • You recognise that the information provided on this website is for information purposes only and is not a solicitation of an investment; and
  • You will study the prospectus and/or other offering memorandum and Key Investor Information Documents of any fund, including the risk factors, before making an investment.
If you are unsure about the meaning of any information provided on this website, then please consult your financial or other professional adviser. By using and agreeing to these terms and conditions you will be creating a formal written contract between us and you.


2. Professional investors

References to "you" or "your" in this website mean to you and, if applicable, the company or partnership for which you work. By using this website and agreeing to these terms, you warrant and confirm that you are authorised to legally bind any applicable company or partnership for which you work and you are binding such applicable partnership or company and/or yourself to these terms and conditions and creating a formal written contract between us and you.

By using and agreeing to these terms and conditions you agree that you will not be using this website as a consumer or for your own personal use.


3. Information about us

Ninety One UK Limited ("we", "us" and "our"), is a company registered in England and Wales under Company No.
02036094. Our registered office is at 55 Gresham Street, London EC2V 7EL. Our VAT number is 480912639.

We are authorised and regulated by the Financial Conduct Authority (FCA) (whose address is 12 Endeavour Square, London E20 1JN, United Kingdom) for the conduct of investment business in the United Kingdom. Our FCA firm reference number is 122420. Further details on us are available on the FCA Register at www.fca.gov.uk.

You can contact us by email at [email protected] or by telephone on +44 (0)20 3938 2000. Telephone calls will be recorded for training, monitoring and regulatory purposes.

The website to which these terms and conditions apply and for which we are responsible is www.ninetyone.com/en/united-kingdom.


4. Use of the website and intellectual property rights

Use by any person in any other country other than the United Kingdom would be subject to the relevant local law or regulation and we do not guarantee that this website is compliant with such local laws and regulations. Those who access this website do so on their own initiative, and are therefore responsible for compliance with applicable local laws and regulations.

We may modify, withdraw or deny access to this website at any time.

This website and all the materials contained in it are protected by intellectual property rights, including but not limited to copyright, and either belong to us or are licensed to us to use. Materials include, but are not limited to, the design, layout, look, appearance, graphics and documents on the website, as well as other content such as articles, stories and other text.

Except as provided below, you may not copy, redistribute, republish or otherwise make the materials on this website available to anyone else without our consent in writing.

4.1 If you are a professional investor, you may print or download materials from this website for your own business use provided that:
  • No materials are modified in any way;
  • No graphics are used separately from accompanying text;
  • Our copyright and trade mark notices appear in all copies and you acknowledge this website as the source of the material; and
  • If you have our permission to provide these materials to another person, you ensure they are made aware of these restrictions.

5. Content

This website is intended to provide general information regarding us, our products and services, and other financial information which may be of interest to you. It does not provide exhaustive information on any of the subjects it deals with.

Changes are periodically made to the information on this website and these changes will be incorporated in new editions of this website.

We reserve the right to alter or amend any criteria or information set out in this website without notice.


6. Contracting online

Nothing on this website is intended to be nor should be construed as an offer to enter into a contractual relationship with you or anyone else, except for these terms and conditions which govern the relationship between us in relation to your use of the website.

If you make a contract with a third party who is named or referred to on this website, it is your responsibility to ensure that you are comfortable with the terms of that contract and to take legal advice if necessary.


7. Transmission of information

Your attention is drawn to the fact that information transmitted via the internet is susceptible to monitoring and interception. You will bear all risk of transmitting information in this manner. We will not be liable for any loss, harm or damage suffered by you as a result of transmitting information to us. We reserve the right to request independent verification of any information transmitted via e-mail.

Please be aware that any unsolicited confidential or proprietary information sent to us via the internet cannot be guaranteed to remain confidential. If you need to send such information to us and are concerned about the security of this information please contact us and we will advise you of the most appropriate method of transmission.


8. Limitation of liability and disclaimer

The information contained on this website is given for general information and interest purposes only. The website does not provide or constitute an offer or a solicitation of an offer to buy or sell any investment products or services, including but not limited to any financial instruments and or other designated investments or investment advice. You should not rely on the information contained in this website to make any investment. Whilst we try and ensure the information contained on the website is accurate and up to date, we cannot be responsible for any inaccuracies in the information. As a result, you should not rely on this information, and we recommend that you take further advice or seek further guidance before taking any action based on the information contained on this website. Our liability to you as explained below remains unaffected by this.

All services offered by us are subject to the relevant offering document(s) which must be read prior to any investment, are subject to completion (in the manner required) of the requisite application forms and other documentation, and are governed by our relevant terms and conditions. We reserve the right to reject at our absolute discretion any application submitted for services contained on this website.

Information contained on this website does not constitute an advertisement or offer for a fund in a country where that fund is not registered for sale.

The information on this website including but not limited to all research, opinions or other content is not intended to and does not constitute financial, accounting, tax, legal, investment, consulting or other professional advice or services. Before making any decision or taking any action which might affect your personal finances or business or if you have any doubt as to the suitability of an investment in any of our funds or if you are not confident that you understand the risks involved you should take appropriate advice from your own suitably qualified independent professional adviser. Any decisions based on information contained herein are your responsibility and nothing on this website amounts to advice or a personal recommendation relating to any financial products or services. Please refer to the applicable prospectus, Key Investor Information Document (KIID) or other offering documents for details regarding the relevant risk factors to be taken into account before making an investment.

The value of an investment and any income generated from it will be affected by how the fund’s portfolio is invested, market and any currency movements and by other political, social and economic developments, as well as by fee levels and taxes and other specific matters relating to the assets in which the fund invests.

If the website contains statements or information which relate to projections, plans or objectives or future economic performance you should be aware that these projections are only predictions and that actual events or results may differ materially. Past performance should not be taken as a guide to the future and there is no guarantee that an investment in a fund will make a profit; a loss may be made.

Any opinions stated are honestly held but are not guaranteed and should not be relied upon.

You are responsible for ensuring that any investment is suitable for your purposes.

We do not guarantee that this website will be compatible with all or any hardware and software which you may use. We do not guarantee that this website will be available all the time or at any specific time, that access will be uninterrupted and that there will be no delays, failure, errors or omissions or loss of transmitted information. We reserve the right to withdraw or modify this website at any time.

We will not be in breach of these terms and conditions or liable to you for any delay or failure to comply with our obligations under these terms if the delay or failure arises from any cause which is beyond our reasonable control.

Except as provided below, neither we, our affiliates, holding company, shareholders nor any of our associated companies, agents, licensors or delegates or our or their directors, officers or employees will have any liability to you whatsoever (whether in contract, tort (including but not limited to negligence), breach of statutory duty, restitution or otherwise) for any direct, indirect or consequential loss (all three of which terms include, without limitation, pure economic loss, loss of profits, loss of data, loss of business, depletion of goodwill and like loss) howsoever caused arising out of or in connection with:
  • This website or the use thereof or inability to use or delay in using by any party;
  • Your use of or reliance on the information contained on the website;
  • Errors in or omissions from the information available through the website;
  • Any failure or performance, error, omission, defect, delay in operation or transmission, computer virus or line or system failure; and/or
  • Any loss or damage to any of your data and/or equipment.

These terms and conditions do not exclude our liability (if any) to you for:
  • Personal injury or death resulting from our negligence;
  • Fraud or fraudulent misrepresentation;
  • Any liability imposed by the Financial Servics and Markets Act 2000 in the United Kingdom or any duty or liability imposed by the FCA’s Handbook of Rules and Guidance; and/or
  • Any matter to the extent to which it would be illegal for us to exclude or to attempt to exclude our liability. The website and the information contained on this website herein is provided “as is” and to the extent permitted by law we do not make any express, implied or statutory warranties with regard to the use of the website by you.

Without limiting the generality of the sentence above:

i) We do not warrant that the website or information will be error-free or will meet any particular criteria of accuracy, adequacy, completeness or reliability of information, performance or quality. To the extent permitted by law, we expressly disclaim all implied warranties, including, without limitation, warranties of merchantability, title, fitness for a particular purpose, non-infringement, compatibility, security and accuracy; and

ii) Whilst we have taken reasonable measures to ensure the integrity of this website and its contents, no warranty, whether express or implied is given that any files, downloads or applications available via this website are free of viruses or any other data or code which has the ability to corrupt or affect the operation of your system.


9. Links to other website and services

This website may contain internet addresses, links and/or hyperlinks to other websites, which are not operated or monitored by us. The links to other sites are for your convenience and we do not accept any responsibility or liability for enabling you to link to any other website, for the contents of any other website, for the security of any other website, or for any consequence of your acting upon the contents of such website. No endorsement or approval of any third parties or their advice, opinions, information, products or services is expressed or implied by any information on the website. It is your responsibility to check the terms and conditions and privacy policies which are applicable to such other third party sites.


10. Connected interests

Ninety One UK Limited and any company or individual connected to it including its directors and employees may have a position or interest in any investment or service recommended in this or any other Ninety One website.


11. Submissions and data protection

All information submitted to us via this website shall remain the property of the relevant company or other user of this website who supplied it. However, nothing shall prevent us from using, for any purpose, any ideas, concepts, know-how or techniques contained in such information. We are not subject to any obligations of confidentiality regarding submitted information except as agreed by us in writing. However, any submission by you of any Personal Data (as defined in the EU General Data Protection Regulation) shall be used by us only in accordance with our Privacy Notice.


12. General

The formation, existence, construction, performance, validity and all other aspects of these terms and conditions and the separate Privacy Notice and any other non-contractual obligations arising out of or in connection with them and your use of this website, are governed by and construed in accordance with laws of England and Wales and any disputes will be decided only by the courts of England and Wales.
We may appoint agents, subcontractors and third parties selected by us on any terms we think appropriate to carry out any of our obligations under these terms and conditions. You are not permitted to assign or sub-contract your rights under these terms and conditions and the Privacy Notice to any other person.

These terms and conditions are applicable to you and if applicable, your company or partnership. The provisions of the Contracts (Rights of Third Parties) Act 1999 are expressly excluded.

If any term of these terms and conditions is found by any court or body or authority of competent jurisdiction to be illegal, unlawful, void or unenforceable, such term shall be deemed to be severed from these terms and conditions and this shall not affect the remainder of these terms and conditions which shall continue in full force and effect.

Investors can obtain information about the most recent Share prices and redemption facilities from the office of the UK Facilities, Marketing and Sales Agent. Updated Share prices are also available on the following link:

www.ninetyone.com/en/united-kingdom/funds-strategies/funds

Written complaints about any aspect of the service including the operations of the Fund, or requests to obtain a copy of the Complaints Handling Procedure can be addressed to the UK Facilities, Marketing and Sales Agent for further submission to the Manager.

Although the Fund is recognised by the FCA for the purposes of distribution, potential and current investors in the UK are advised that the rules made under the Financial Services and Markets Act 2000 (FSMA) do not in general apply to the Fund in relation to its investment business.