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Terms and conditions of use

Please read the IMPORTANT INFORMATION below before proceeding, as it explains certain restrictions on the distribution of information available on this website.

This website - hereinafter the "Site" - is operated by RAM Active Investments S.A. - hereinafter "RAM".

An investment in the RAM funds should only be made after reading carefully the details relating to the sale restrictions that can be found in documents such as Key Investor Information Document (KIID), the management regulations, latest prospectuses, annual and semi-annual reports. These documents can be all be obtained free of charge from the funds' representatives in each country where the funds are incorporated or registered. The latest versions of the prospectus, Key investor information Documents (“KIIDs”), annual report and semi-annual report translated into the language of your country of residence conform with any requirements laid down in the laws or regulations of that country.

The value of investments may be subject to fluctuations and, under certain circumstances, investors may not get back the full amount invested. Past performance is not an indication or guarantee of the future performance of the investment. The performance shown does not take account of any commissions or costs charged when subscribing to or redeeming units. For hedged shareclasses, only the investment fund's consolidation currency is hedged into the shareclass currency. Finally, changes in foreign-exchange rates may also cause the value of investments to go up or down. No information or material at the Site is to be relied upon for the purpose of making or communicating investments or other decision.

No solicitation/sales restrictions

The Site not intended for legal entities or individuals who by virtue of their nationality, registered office, place of residence or for any other reason are governed by a legal system which prohibits or restricts in particular the publication of the content of the Site, access to the Site, the activities of a foreign financial services provider or the approval of products (such as investment funds). 

This prohibition applies in particular to citizens of the United Statesor to persons who are residents of this country. Access to the Site is prohibited for persons subject to any such restrictions.

Other people using the Site accept the following rules. 

This notice and the rules contained in this document are intended for all users of the Site.

The content of this Site is purely informative, and is not aimed at promoting the services of RAM. It is intended to provide general information about the company. No information appearing on this Site shall be deemed as a financial, legal, accounting, tax or investment advice or an offer for services or products, in particular investment funds, from RAM, nor as an offer or the solicitation for a purchase or sale of securities or of any other investment product. Nothing on this Site shall be deemed as a public call nor selling, whatever its form, qualification or denomination nor shall it be construed as a proactive behaviour from RAM towards third parties. Every contact with the Company from third parties must be considered as the latter's sole initiative.

Neither the investment funds nor RAM Active Investments SA provide investment advice to, or receive and transmit orders from, investors in the investment funds. They do not carry on any other activities with or for such investors that constitute "investment services" or "ancillary services" for the purposes of the Markets in Financial Instruments Directive.

Limitation of liability

RAM makes every effort to ensure that the information on this Site is accurate and complete at the time of its inclusion. However, although this information is obtained from sources that are believed to be reliable, RAM does not guarantee, explicitly or implicitly, that it is accurate, reliable, up-to-date or exhaustive. The information and opinions contained in the RAM Site are provided for personal use and informational purposes only and are subject to change at any time without notice. Nothing contained on the RAM Internet Site constitutes investment, legal, tax or other advice nor is to be relied on in making an investment or other decision. Any investment decision should be based on appropriate professional advice specific to the investor's needs. RAM assumes no responsibility for any direct or indirect loss or consequential loss suffered in connection with use of information contained in this Site.

The latest versions of the prospectuses, simplified prospectuses, annual reports and semi-annual reports of the investment funds are the only versions deemed to be official fund publications on which investment decisions may be based.

These documents may be obtained free of charge from the investment fund representative in the countries of domicile of the funds in question or in the countries in which the funds are registered.

Products and services described on this Site may be subject to restrictions for some persons or in some countries. It is incumbent upon interested persons to take all appropriate steps to ensure that they do not solicit RAM for products and services which, due to the laws of their native country, or of any other country they may be concerned with, may be forbidden or require special authorization for such persons or for the company. It is the responsibility of readers of this disclaimer to ascertain that access to this Site is authorized from the country from which he/she is connecting.

Under no circumstances, including but not limited to negligence, shall RAM be liable for any special or consequential damages that may result from the access to or use of, or the inability to access or to use, the materials at the Site.

Use of the Site shall be made subject to the laws of Switzerland, which shall exclusively govern the interpretation, application and effect of all the above conditions of use. The courts of Geneva shall have exclusive jurisdiction over all claims or disputes arising in relation to, out of or in connection with the Site and its use.

Investment funds

This Site contains information on investment funds registered and managed in different jurisdictions. It is your responsibility to ascertain that you are authorised to access to investment funds pages. 

You will be required to indicate your place of residence before being allowed to access information relating to the said investment funds. Please note that access by private investors to the said information shall be limited to the investment funds authorized for sale to the public in their country of residence. Consequently, your access is limited to funds registered for sale in your country of residence.

 The “Investment Funds” pages are not addressed to U.S. Persons. RAM investment funds have not been or will be licensed for marketing, offer or sale to the public in the United States in accordance with the US Investment Company Act of 1940 or the US Securities Act of 1933.

The above-mentioned investment funds must not in any circumstances be offered or distributed: (i) in the United States of America, in any of its States or in any other political subdivision of the United States of America, or (ii) to or on behalf of or for the benefit of any United States Person (as defined in Regulation S of the "United States Securities Act" of 1933).

Singapore

For Singapore investors, the investment funds mentioned in this website are not authorized or recognized by the Monetary Authority of Singapore and are not allowed to be offered to the retail public. They are exclusively intended for (i) institutional investors as defined under Section 304 of the Securities and Futures Act, Singapore Statute Cap. 289 ("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) any other person otherwise pursuant to, and in accordance with the conditions of, any other applicable provision of the SFA.

United Kingdom

All RAM entities are based out of the United Kingdom and therefore not covered by the standards and regulations for investor protection issued by the Financial Conduct Authority. UK residents have no right to claim compensation through the Financial Ombudsman Service following losses resulting from failure to comply with certain obligations arising from the relevant regulations.

Tax

Tax treatment depends on the personal circumstances of the investor and is subject to change. Investors are advised to seek specific professional advice before making any investment decision.

Brands and copyright

RAM Active Investments SA (RAM) and the other RAM Group brands mentioned on the website are registered trademarks or service marks of RAM. Unless otherwise indicated, the entire website is protected by copyright.

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1. Preamble

RAM Active Investments SA ("RAM") offers on its website (hereinafter “the website”) information as well as various financial services. The accessing and use of the website are governed by the Important Legal Information (hereinafter “the Terms and Conditions”) set out herein. These Terms and Conditions shall be supplemented by any and all special agreements applying in connection with a service or product offered by RAM where you or your representative (hereinafter “you”) act in a capacity as contracting party. Nevertheless, in the event of any conflict, the provisions contained in any such special agreement shall prevail.

By accessing and using the website, you acknowledge that you have read, understood and agreed to be bound by the Terms and Conditions. Furthermore, you accept that RAM may, at any time and without any prior notice requirement, alter the Terms and Conditions. If you do not agree to the Terms and Conditions, do not access or use the website in any way whatsoever.

Persons who, by reason of their nationality or domicile or for any other reason, are subject to foreign regulations prohibiting access to investment instruments via the Internet or any other electronic distribution channel, or prohibiting or restricting the use of any information or functions provided on the website are not permitted to either access or use the website.

2. Website Ownership

The website is the exclusive property of RAM. RAM’s proprietary rights shall not be altered in any way by any reproduction or use of the website.

3. Copyright and Trademarks

The content and layout of the website are protected by copyright (all rights reserved) and other intellectual property rights, held by RAM.

Information provided on the website may only be downloaded, printed or otherwise reproduced - for personal, non-commercial purposes - provided that the copyright notes and other statutory proprietary designations are retained. You do not acquire rights by reproducing or copying in any way information available on the website; all rights are retained by RAM.

It is forbidden under any circumstances to set up links, e.g. in the form of hyperlinks or inline links, to this website, to frame it, or to access it through inline links or through a frame, without RAM's prior written approval.

It is forbidden to reproduce in whole or in part, transmit by electronic or any other means, modify or use copyright elements of this website for public or commercial purposes without RAM's prior written approval.

RAM Active Investments, RAM Tactical and RAM Systematic are trademarks of RAM. Other verbal and/or graphic elements featuring on the website and used to identify the origin of a product or service may be the trademarks of their respective owners, for example the trademark of one of RAM’s commercial partners. These trademarks may not be reproduced or used without the prior permission of their owners.

4. No Offer or Advice

All the information provided, in particular the opinions and analyses published on the website, is provided for information purposes only and SHOULD IN NO EVENT BE CONSTRUED AS AN OFFER, A PIECE OF ADVICE OR A RECOMMENDATION to buy or sell a particular security or to engage in any transaction whatsoever; nor should the information provided be construed as advice of any other type, for example of a fiscal or legal nature.

All of the investment decisions you take shall be based exclusively on your own assessment of your financial situation and your investment goals, as well as on your own personal interpretation of the information available, in particular the opinions and analyses published on the website. You are solely responsible for such decisions.

Investments in securities featuring on the website are subject to certain risks. The price of securities may go down as well as up. Fluctuations in foreign exchange rates can also alter the value of securities. The future performance of a security cannot be guaranteed by past performance. It is therefore possible that you do not get back the amount you invest. WE STRONGLY RECOMMEND THAT YOU SEEK PROFESSIONAL ADVICE BEFORE TAKING INVESTMENT DECISIONS.

5. Exclusion of Liability

Neither RAM, its directors, officers, employees, agents or shareholders, nor third party information providers, their directors, officers, employees, agents or shareholders will assume ANY LIABILITY FOR ANY LOSS OR DAMAGES WHATSOEVER, be they direct or indirect, incurred as a result of accessing the website or using the information and services available on the website, or as a result of the inability to access or use any information or services available on the website.

6. Disclaimer of Warranty

RAM pays particular attention to the preparation and update status of the data provided. Nevertheless, it does not warrant or guarantee, either expressly or implicitly, the quality, pertinence, accuracy, completeness, update status, availability or legality of the information published on the website. Furthermore, information may be changed at any time without any prior notice being required.

7. Links

The activation of certain links on the website may cause you to leave the RAM website. RAM does not review any of these linked websites and does not warrant or guarantee, either expressly or implicitly, the quality, pertinence, accuracy, completeness, update status, availability or legality of the content of these sites, nor shall it be in any way responsible for the products, services, information and other content offered via these linked sites. The same applies to websites offering links to RAM’s website.

Furthermore, prior written approval must always be obtained before a link from an external site to RAM’s website can be created.

8. Material Interests

RAM, its directors, officers, employees, agents or shareholders may have or have had business relationships or other forms of dealings with companies whose securities feature on the website. Furthermore, RAM, its directors, officers, employees, agents or shareholders may hold or have held securities which feature on the website.

9. Confidentiality and Encryption

Your attention is drawn to the fact that the data exchanged between yourself and RAM is transmitted via open, public networks (such as the Internet) that are not subject to any controls or reviews. The data transferred may travel beyond Switzerland’s borders, even if both yourself and RAM are located in Switzerland. In addition, even if the data transmitted is encrypted, it may not necessarily stay encrypted for the entire duration of the transmission, nor may it necessarily remain encrypted at your end: it is possible that data may be intercepted.

Furthermore, you hereby declare that you have taken note that the legislation applicable in your country may prohibit or restrict the importing, exporting or use of encryption algorithms. In no event shall RAM be responsible for any violations of measures governing the importing, exporting or use of encryption algorithms. You alone shall be responsible in the event of any such violation.

Lastly, your attention is drawn to the fact that information transmitted electronically, e.g. by e-mail, is in principle not encrypted and may be intercepted.

10. Proper Use of the Website

You undertake to use the website in a proper and reasonable manner, and not to misuse the website in any way or use it in such a way as might occasion, for example, the overloading of the website, any delay in the transmission of information, any interruption of service, blockage of access to the website or any other effect detrimental to RAM or to the users of its website.

11. Registration and Use of Your Activities on the Website

Please note that RAM may record and analyze all your activities on the website for the purposes of security, system monitoring, management, marketing and compliance with legal and regulatory obligations incumbent on RAM.

RAM undertakes to store such information using adequate security measures and for a limited period of time.

12. Definitions

The following definitions have been used for the purposes of the Terms and Conditions specified herein:

“website”: all web pages designed and managed by RAM, as well as any and all information, services, products, software, tools, functions and links available thereon;

“information”: including, but not limited to, all data, prices, opinions, calculation results, technical analyses, articles, charts and other elements available on the website;

“security”: including, but not limited to, cash, stocks, bonds, investment fund units, financial instruments and goods or commodities of any sort, as well as all forms of contracts and options associated therewith;

“U.S. Person”: any US American corporate entity or person that is defined in Regulation S of the "United States Securities Act" of 1933.

13. Place of Jurisdiction

The sole place of jurisdiction for all disputes arising out of or in connection with the Terms and Conditions stipulated herein and/or the use of the website is Geneva, Switzerland. RAM nevertheless reserves the right to initiate proceedings against you before the competent court at your domicile or any other competent authority.

14. Partial Nullity and Choice of Law

In the event of one of the Terms and Conditions being void, cancelled or rendered otherwise invalid, the validity of the remaining Terms and Conditions shall not be affected or impaired. In all other instances, the Terms and Conditions as well as the use of the website are exclusively governed by and construed in accordance with Swiss law.

15. Terms and Conditions relating to Collective Investment Schemes

RAM offers on its website information relating specifically to collective investment schemes (hereinafter also called “investment funds”). Access to and use of this information is governed by the following terms and conditions (hereinafter also called the “Terms and Conditions”).

This Site contains information on investment funds registered and managed in different jurisdictions. It is your responsibility to ascertain that you are authorised to access to investment funds pages.

You will be required to indicate your place of residence before being allowed to access information relating to the said investment funds. Please note that access by private investors to the said information shall be limited to the investment funds authorised for sale to the public in their country of residence. Consequently, your access is limited to funds registered for sale in your country of residence.

Furthermore, the investment funds information is not addressed to U.S. Persons. By accepting these Terms and Conditions, you declare that you are not a U.S. Person. If you are a U.S. Person, you are not authorised to access this information.

Furthermore, YOU UNDERTAKE TO READ CAREFULLY THE LATEST PROSPECTUSES, IN PARTICULAR THE TERMS AND CONDITIONS THEY CONTAIN, the Key Investor Information document (KIID), THE REGULATIONS AND THE ANNUAL AND INTERIM REPORTS relating to the investment funds you wish to invest in. In this connection, you can order the latest prospectuses, the regulations and the annual and interim report from RAM or from the management companies of the investment funds or their representatives in each country where the funds are incorporated or registered, or find them on their respective websites.

The value of investments may be subject to fluctuations and, under certain circumstances, investors may not get back the full amount invested. Past performance is not an indication or guarantee of the future performance of the investment. The risk factors are described in the fund prospectuses. The performance shown does not take account of any commissions or costs charged when subscribing to or redeeming units. For hedged shareclasses, only the investment fund's consolidation currency is hedged into the shareclass currency. Foreign exchange exposure, resulting from assets in the portfolio which are not denominated in the consolidation currency, can remain. Finally, changes in foreign-exchange rates may also cause the value of investments to go up or down.