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Important Information


This important legal information relates to this website (the "Site") and contains the terms and conditions on which we make it available to you. The information also includes important information about the regulatory status of some of our companies and important risk warnings. Please read this important information carefully.

This is the web site for Deutsche Asset & Wealth Management UK (which is a trading name for Tilney Investment Management), and includes information on the products and services which are available from Deutsche Asset & Wealth Management and other associated firms within the Deutsche Bank Group in the UK. The site is intended for UK based investors only.

The distribution of the information contained on this Web site in certain countries may be restricted by law and accordingly, persons who access it are required to inform themselves and to comply with any such restrictions. This information does not constitute an offer or solicitation in any such jurisdiction in which such offer or solicitation is not authorised or to any person to whom it is unlawful to make such an offer or solicitation.

Persons interested in acquiring any investment or availing themselves of the services mentioned should inform themselves as to: (i) the legal requirements within the countries of their nationality residence or domicile; (ii) any foreign exchange requirement which they may encounter; and (iii) the income tax and other tax consequences which might be relevant to the acquisition, holding or disposal of any investment.

Please read the following information below carefully.

Tilney Investment Management (trading as “Deutsche Asset & Wealth Management”) is a Deutsche Bank Group Company. It is also a member of the London Stock Exchange and is authorised and regulated by the Financial Conduct Authority (FCA). Tilney Investment Management is on the Financial Services Register, number 124255. Services may be subject to VAT, VAT number: 243 6097 61. Registered in England Company No 2010520. Head office, Registered Office and administration: Royal Liver Building, Pier Head, Liverpool L3 1NY: +44(0)1512553000

Deutsche Asset & Wealth Management (“DeAWM”) is predominantly involved in the provision of products and services designed for private individuals, charities and trusts. This section of the site is intended for information and illustrative purposes only and should not in any way be construed as a personal recommendation. You should seek professional advice if you are in any doubt as to whether any investment mentioned or any of the funds provided by Deutsche Bank Private Wealth Management (DB PWM) Collective Management Ltd might be suitable for your individual circumstances.

Potential investors visiting the site who have not signed an investment management agreement (discretionary or advisory) with DeAWM are advised that any application they might make for any investment mentioned or any of the funds provided by DB PWM Collective Management Ltd will be entirely on their own responsibility and on an execution only basis. No investment advice will be deemed to have been given in respect of any such investment.

When DeAWM provides advice on investment in collective investments, that advice will be on a whole of market basis, and may be given for the purpose of managing a portfolio with discretion.

DB PWM Global Investment Solutions

DB PWM Global Investment Solutions is an Investment Company with Variable Capital (ICVC) authorised by the FCA and managed by DB PWM Collective Management Ltd (see below).

This section of the site is intended for information and illustrative purposes only and should not in any way be construed as a personal recommendation. As with any investment, you should seek professional advice if you are in any doubt as to whether any of the funds mentioned might be suitable for your individual circumstances.

Potential investors who have not signed an investment management agreement (discretionary or advisory) with Deutsche Asset & Wealth Management are advised that any application they might make for any of the funds provided by DB PWM Collective Management Ltd will be entirely on their own responsibility and on an execution only basis. No investment advice will be deemed to have been given in respect of any such investment.

Past performance is not necessarily a guide to future returns. The price of shares can go down as well as up, and you may not get back the full amount you invested. Changes in currency exchange rates may affect the price of shares in funds investing overseas markets such as Europe, North America and others. Tax concessions may change, and their value will depend on your circumstances. You are referred to the detailed risk warnings in the relevant Key Features documents, which are available from the Literature Library of this site.

DB PWM Collective Management Ltd offers certain investors the right to cancel their investment within 14 days, however, investors who cancel may not get back the full amount invested.

DB PWM Collective Management Ltd is authorised and regulated by the FCA. Registered in England. Company No 2911650. DB PWM Collective Management Ltd is on the Financial Services register, number 170547. Head and Registered Office: Royal Liver Building, Pier Head, Liverpool L3 1NY: 0808 100 2993 Administration: Mellon House, Ingrave Road, Brentwood, Essex CM15 8TG

Tilney Fund Management

A division of Tilney Investment Management, authorised and regulated by the FCA (see above).

This section of the site is intended for institutional investors, such as pension funds, corporations, charities and similar institutions. Private clients should go to Deutsche Asset & Wealth Management for details of services designed for the private investor The Tilney Balanced Managed Fund is a sub-fund of DB PWM Global Investment Solutions, an Open Ended Investment Company (OEIC) authorised by the FSA and managed by DB PWM Collective Management Ltd, (see above)

This site is intended for information and illustrative purposes only and should not in any way be construed as a personal recommendation. As with any investment, you should seek professional advice if you are in any doubt as to whether any of the funds provided by DB PWM Collective Management Ltd might be suitable for your individual circumstances.

Potential investors visiting this part of the site who have not signed an investment management agreement (discretionary or advisory) with Deutsche Asset & Wealth Management are advised that any application they might make for any of the funds provided by DB PWM Collective Management Ltd will be entirely on their own responsibility and on an execution only basis. No investment advice will be deemed to have been given in respect of any such investment.

General

Information has been compiled from sources believed to be reliable, but is not warranted to be accurate or complete. All recommendations and comments are provided for general interest only and should not be construed as personal investment advice. Professional advice should be sought as to how to translate general research such as that which appears on this site into recommendations that are suitable for individual portfolios. The price of securities and the income from them can go down as well as up and the amount originally invested may not be received back in full. The past performance of a security or market is not necessarily indicative of future trends. Opinions and recommendations are given in good faith, but without legal responsibility and are subject to change without notice, however, this does not exclude or restrict any duty or liability to customers under the Financial Services and Markets Act 2000 or under the UK regulatory system.

Data Protection

Tilney Investment Management and/or other Companies within the Deutsche Bank Group may use information about you in statistical form, such as geographical location and duration of visit.

You have the right to ask for a copy of the information held by us in our records in return for payment of a small fee. You also have the right to correct any inaccuracies in your information.

The advertisements on all the pages of this Web site are issued in the UK by Tilney Investment Management, except for those relating to DB PWM Global Investment Solutions, which are issued by DB PWM Collective Management Ltd.

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Last Update: 9.10.2013
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