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 7HB. 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.


Investec Funds Series i – iv
The Investec 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.


Guernsey B Fund Range
Ninety One Premier Funds PCC Limited scheme is an open-ended investment protected cell company governed by the provisions of the Companies (Guernsey) Law, 2008. 

The scheme is managed by Ninety One Guernsey Limited, Glategny Court, Glategny Esplanade, St Peter Port, Guernsey, GY1 1WR, Channel Islands and is approved under the Collective Investment Schemes Control Act. The manager is a company incorporated in Guernsey on the 7 February 1980 with registered number 8509 and is regulated by Guernsey Financial Services Commission (GFSC).


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 (Pty) Ltd (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 Fund Managers Namibia 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 7HB.

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.

United States

IMPORTANT LEGAL INFORMATION PLEASE READ THE ENTIRE TERMS CAREFULLY BEFORE YOU USE THIS WEBSITE. IF YOU DO NOT AGREE TO THE TERMS BELOW, DO NOT ACCESS THIS SITE, OR ANY PAGES THEREOF. BY ACCESSING THIS SITE AND ANY PAGES THEREOF, YOU ARE DEEMED TO HAVE ACCEPTED AND AGREE TO BE BOUND BY THESE AND ANY ADDITIONAL TERMS. YOU MAY USE THIS WEBSITE ONLY IN COMPLIANCE WITH THESE TERMS AND ALL APPLICABLE LOCAL, STATE, NATIONAL AND INTERNATIONAL LAWS, RULES AND REGULATIONS. NINETY ONE RESERVES THE RIGHT TO CHANGE, MODIFY, ADD OR REMOVE ANY PORTION OF THESE TERMS AT ANY TIME FOR ANY REASON. ANY CHANGE TO THE TERMS & CONDITIONS SHALL BE EFFECTIVE IMMEDIATELY UPON POSTING. AT ALL TIMES, YOU ARE BOUND BY THE THEN-CURRENT VERSION OF THE TERMS AND OF ALL APPLICABLE LAWS.

As used herein, Ninety One means Ninety One North America, Inc. and its affiliates (“Ninety One”).


No Investment, Legal or Tax Advice; No Solicitation or Offer

This website and its content are for informational purposes only. No information herein constitutes, or should be regarded as, legal, tax or investment advice, or a solicitation or an offer to sell any securities or other financial instruments, or to provide any investment advice or service. Ninety One is not using this website to provide legal, tax, investment or other advice, and no information or material on this website may be relied upon for the purpose of making or communicating investment or other decisions. Any decisions based on information contained in this website are the sole responsibility of the user, and in exchange for using this website, you agree to hold Ninety One harmless from and against any claims for damages arising from any decisions that you may make based on such information.


Copyright, Trademarks and Restrictions of the Use of Materials

Ninety One owns the Content on this website, and it is protected by U.S. or international copyright or trademark law, or other proprietary rights, and that these rights are valid and protected in all forms, media, and technologies existing now or later developed. “Content” includes information, data, software, photographs, graphics, text, images, logos, icons, typefaces, service marks, audio and video material, software code, user interface design, logos and other material. Except as specifically permitted herein, you may not for commercial purposes copy, distribute, sell, broadcast, circulate, modify, post, frame, remove, delete, augment, add to, publish, transmit, participate in the transfer, license or sale of, create derivative works from, deep link this site, or in any way exploit any of the Content, in whole or in part. Except as provided by the fair use privilege under U.S. copyright laws, you may not upload, post, reproduce, perform, or distribute any Content in any way without obtaining the express, prior permission of Ninety One. Modification or use of the materials for any other purpose violates intellectual property rights of Ninety One. Ninety One reserves all rights with respect to its proprietary information or Content at this website and will enforce such rights to the full extent of applicable copyright and trademark law.

Nothing at this website shall be construed as granting a license or right to use any image, trademark, service mark or logo, which is the property of Ninety One.


No Warranty and Limitation on Liability; Communications Are Not Confidential

The information and materials contained on this website are provided “AS IS”. Ninety One does not warrant the accuracy, adequacy, or completeness of any such information or materials, and expressly disclaims liability for errors or omissions or typographical errors or inaccuracies in such information and materials. Any dated information is published as of its date only. Ninety One does not undertake any obligation or responsibility to update or amend any such information. No warranty of any kind, implied, express or statutory, including but not limited to the warranties of non-infringement of third party rights, title, merchantability, fitness for a particular purpose and freedom from computer virus, is given in conjunction with the information and materials.

Ninety One does not warrant that use of the website will be uninterrupted or error-free. Users are responsible for taking all precautions necessary to ensure that any information and materials they may obtain from or through this website is free of viruses or other disabling contamination. Any information you may submit to this website should be considered neither secure nor confidential. Ninety One makes no representation whatsoever concerning the security or confidentiality of such information and specifically makes no representation that any information submitted through this website will be received by Ninety One.

IN NO EVENT WILL NINETY ONE OR ITS OFFICERS, DIRECTORS, EMPLOYEES OR AGENTS BE LIABLE FOR ANY DAMAGES, INCLUDING WITHOUT LIMITATION, DIRECT OR INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE OR CONSEQUENTIAL DAMAGES, LOSSES, OR EXPENSES ARISING IN CONNECTION WITH THIS WEBSITE OR ITS USE, OR THE INABILITY TO USE, BY ANY PARTY, OR IN CONNECTION WITH ANY FAILURE OF PERFORMANCE, ERROR, OMISSION, INTERRUPTION, DEFECT, DELAY IN OPERATION OR TRANSMISSION, COMPUTER VIRUS OR LINE OR SYSTEM FAILURE, EVEN IF NINETY ONE OR ITS REPRESENTATIVES ARE ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, LOSSES OR EXPENSES.

Ninety One cannot and does not guarantee continuous, uninterrupted or secure access to this website.


Use of Links

You are using any links contained on this website solely at your own risk. Links to any unaffiliated, third-party site to may not have not been developed, checked for accuracy or otherwise reviewed by Ninety One. Ninety One urges you to read any policies or privacy notices of third-party sites, which may be different. Ninety One shall have no liability for any third-party’s website or content, including without limitation, the accuracy, subject matter, quality or timeliness of any electronic content. Links to third-party websites do not imply Ninety One is endorsing or making any representation as to the opinions, ideas, products, information, or services offered at such third-party sites. You hereby waive any claim you might have against Ninety One with respect to such third-party websites.


Institutional Investors Only; New York Law Governs

Ninety One does not intend for this and information on this website to be distributed to, or relied upon by, by retail investors. The information herein is intended for only Institutional Investors or professional Financial Advisers. These Terms, and any issues relating to the information available on this website, are to be governed exclusively by the laws of the State of New York, excluding the application of its conflicts of law rules, and the federal laws of the United States, to the extent applicable. The use of this website constitutes your irrevocable agreement that the federal and state courts located in New York, New York have the sole and exclusive jurisdiction over any dispute relating to this website and the information contained in it.


Severability

If any provision of these Terms is deemed unlawful, void, or for any reason unenforceable, then that provision will be deemed severable from these terms and will not affect the validity and enforceability of the remaining provisions.


Privacy Statement

Click here to read our Privacy Notice.