Sunday, February 05, 2012
Singapore
English
SGD
Investor
|
African Performance Fund each a sub-fund of the WORLD INVESTMENT OPPORTUNITIES FUNDS (each a “Sub-Fund” and collectively, the “Sub-Funds”) Singapore Selling Restriction The offer or invitation of the shares of the Sub-Funds (the “Shares”), which is the subject of this Prospectus, does not relate to collective investment schemes which are authorised under section 286 of the Securities and Futures Act, Chapter 289 of Singapore (the “SFA”) or recognised under section 287 of the SFA. The Sub-Funds are not authorised or recognised by the Monetary Authority of Singapore (the “MAS”) and Shares are not allowed to be offered to the retail public. This Prospectus and any other document or material issued in connection with the offer or sale is not a prospectus as defined in the SFA. Accordingly, statutory liability under the SFA in relation to the content of prospectuses would not apply. You should consider carefully whether the investment is suitable for you. This Prospectus has not been registered as a prospectus with the MAS. Accordingly, this Prospectus and any other document or material in connection with the offer or sale, or invitation for subscription or purchase, of Shares may not be circulated or distributed, nor may Shares be offered or sold, or be made the subject of an invitation for subscription or purchase, whether directly or indirectly, to persons in Singapore other than (i) to an institutional investor under Section 304 of the SFA, (ii) to a relevant person pursuant to Section 305(1), or any person pursuant to Section 305(2), and in accordance with the conditions specified in Section 305 of the SFA, or (iii) otherwise pursuant to, and in accordance with the conditions of, any other applicable provision of the SFA. Where Shares are subscribed or purchased under Section 305 by a relevant person which is: (a) a corporation (which is not an accredited investor (as defined in Section 4A of the SFA)) the sole business of which is to hold investments and the entire share capital of which is owned by one or more individuals, each of whom is an accredited investor; or (b) a trust (where the trustee is not an accredited investor) whose sole purpose is to hold investments and each beneficiary of the trust is an individual who is an accredited investor, securities (as defined in Section 239(1) of the SFA) of that corporation or the beneficiaries’ rights and interest (howsoever described) in that trust shall not be transferred within six months after that corporation or that trust has acquired the Shares pursuant to an offer made under Section 305 except: (1) to an institutional investor or to a relevant person defined in Section 305(5) of the SFA, or to any person pursuant to an offer referred to in Section 275(1A) of the SFA or Section 305A(3)(i)(B) of the SFA; (2) where no consideration is or will be given for the transfer; (3) where the transfer is by operation of law; or (4) as specified in Section 305A(5) of the SFA. 1. Agreement By using the website www.sfmworldfunds.com and any of its pages (hereinafter the „Website“), you confirm that you have reviewed, understood and agreed to the following important information and terms of use (hereinafter the “Terms”). If you do not agree to the Terms, please exit the Website immediately. Use of the Website as well as the Terms is governed by the laws of the Grand Duchy of Luxembourg. 2. No offer, no advice The information, products, data, services, tools and documents contained or described on the Website (hereinafter the “Content”) are for information purposes only and constitute neither an advertisement or recommendation nor an offer or solicitation to buy or sell investment instruments, to effect any transaction or to enter into any legal relations. The financial products mentioned on the Website are not suitable for all investors. Prior to making investment decisions investors should conduct a thorough investigation and obtain all necessary professional advice. Nothing contained on the Website constitutes financial, legal, tax or other advice, nor should any investment or any other decisions be made solely based on the Website content. Investments in any of the investment instruments described on the Website should only be made after carefully studying the corresponding prospectus, regulations and annual or half-yearly report including all the legal information therein. You should obtain advice from a qualified expert before making any investment decision. 3. Local restrictions Access to the Website may be restricted or prohibited to certain investors by local law applicable to individual investors. Investors under such restrictions by reason of nationality, domicile, residence or any other ground should not access the Website. The Content is not intended for use by or distribution to any individual or legal entity in any jurisdiction or country where such distribution, publication or use would be contrary to the law or regulatory provisions or in which members of the group of Companies controlled by SFM Group International, S.A. (hereinafter individually and together “SFM Group”) or any of their partners does not hold the necessary registration, approval or license. Some entities, services and products of SFM Group may not be registered or licensed under legal and regulatory provisions governing financial services or products and their providers in certain countries (e.g. the United States). Therefore, all users are requested to contact the nearest SFM Group entity for information about products and services available in their country. 4. No warranty SFM Group provides no warranty and makes no representations of any kind whatsoever regarding:
Except to the extent required by current laws and/or regulations, SFM Group, including its directors, employees or subcontractors:
|
Any data, including but not limited to financial market data, quotes, notices, research or other financial information accessible through the Website, have been obtained from carefully selected sources believed to be reliable. All such information is provided „as is“ to the user without expressed or implied warranties of any kind, including warranties of quality, originality, non-infringement of intellectual property or fitness for any particular purpose. The information and opinions in the Website are descriptive of SFM Group as a whole and the products and services described may not be available to or suitable for all investors. The fact that a user accesses the Website does not make him a client of SFM Group. Any expressions of opinions, estimates and projections on the Website are those of the authors at the date of writing. They do not necessarily reflect the view of SFM Group and are subject to change at any time without prior notice. SFM Group may discontinue, or make changes in, the information, data and documents, and the products or services described herein, at any time without prior notice. 5. No liability To the maximum extent permitted by current laws and regulations, SFM Group, including its directors, employees or subcontractors disclaim any and all liability for losses or damages of any kind whatsoever arising directly or indirectly as a result of:
To the full extent permitted by current laws and regulations, SFM Group shall not be liable for any
SFM Group assumes no liability for the correctness or accuracy of the given information and it may be subject to change at any time, without notice. 6. Proprietary information Unless accompanied by an explicit statement to the contrary, the Content on the Website is protected by copyright, database rights, or other intellectual property rights, and is the property of SFM Group. 7. Performance Past performance is not a guide to the future. The value of investments, and the income from them, can go down as well as up. You may not get back the amount you have invested. You should be aware that currency fluctuations, either up or down, may also affect the value of an investment. The mention of any specific shares should not be taken as a recommendation to deal. Commissions, trailing commissions, management fees and expenses all may be associated with the investments. Yields are not guaranteed and can fluctuate. Net asset value information has been obtained from sources believed to be reliable but SFM Group makes no representation to its accuracy, reliability or completeness and accepts no liability for any direct or indirect loss arising from its use. The performance is usually calculated on the basis of the relevant NAV unless stated otherwise. Performance shown does not take account of any fees and costs associated with subscribing or redeeming shares. It is assumed that all dividends were reinvested. The value of units and the return they generate can go down as well as up. Changes in market conditions and exchange rates can cause a drop or an increase in the share value. Past performance does not guarantee the same results in the future. Before investing in any financial instrument the investors should contact their financial adviser / legal adviser / tax adviser and refer to all relevant documents relating to the particular investment, such as the latest annual or semi-annual report, prospectus, simplified prospectus, articles or any other document, which specify the particular risks associated with the investment, together with any specific restrictions applying, and the basis of dealing. 8. Monitoring Please note that all your actions while using the Website may be recorded and analyzed for various purposes, including security, marketing and system monitoring purposes. 9. Third-party websites Links to third-party websites on the Website are provided solely as pointers to information on topics that may be useful to users of the Website, and SFM Group has no control over the content on such third-party websites. No warranties or liability concerning the content of such websites are made. Nor does SFM Group warrant that such website or content is free from any claims of copyright or trademark or other infringement of the rights of third parties. 10. Data transfer/processing Whilst SFM Group takes measures to ensure that your personal data cannot be intercepted by third parties, please note that when using the Website, data is transported over an open network (Internet) which is accessible to third parties and which cannot be regarded as a secure environment. SFM Group may transmit or store any data provided by you when using the Website outside your country of residence. In such cases, SFM Group will make every effort to secure an appropriate standard of protection for your data, taking account of the applicable legal and regulatory requirements, including those relating to client confidentiality and data protection, but it is possible that data may be relayed to a country in which the prevailing standards of data protection are lower than in your country of domicile. SFM Group accepts no responsibility or liability for the security of your data during transmission via the Internet. In general, when you visit Website, and try to get some information, you stay anonymous. If we ask you for your personal data, we let you know in advance what the reason is for this. 11. Material interests SFM Group and/or its Board of Directors, executive management and employees may have or have had interests or positions or traded or acted as market makers in securities referred to on the Website. Furthermore, such entities or persons may have or have had a relationship with or may provide, or have provided corporate finance or other services to, or serve or have served as directors of companies referred to on the Website. 12. Investment risks Investors should be aware that shares in the financial instruments entail investment risks, including the possible loss of the invested capital. Past performance provides no guarantee and no indication of future performance. The price of an investment and the yield achieved will fluctuate, so that an investor’s shares may be above or below the original acquisition price upon redemption. Due to continuing market volatility, the performance may be subject to extreme changes over the short term. Furthermore, some financial instruments are invested mainly in emerging markets and/or in shares of small-capitalized companies and/or in high-interest-rate bonds are essentially subject to higher risks. Please read the investment policy in the prospectus, articles and/or the regulations in order to familiarize yourself with the specific risks associated with a specific financial instrument. The financial instruments may also invest in foreign currencies. The added risk of exchange-rate fluctuations will also arise. Before investing you should review the specific risk warnings in the relevant documents. |
