Cygnus Asset Management


In compliance with Law 34/2002, of July 11, on Information Society and Electronic Commerce Services (hereinafter "LSSICE"), we inform you that Cygnus Asset Management SGIIC SA, registered in the Mercantile Registry, Volume: 23.363, Folio: 15, Sheet: M-419.040, Inscription 1st, with CIF A 84780055 and domicile in Príncipe de Vergara 112, 28002, Madrid, is the owner of the page

By accessing (the "Site") and the information and materials that it contains or describes, you acknowledge that you have understood and accept the conditions of use. Please read these Conditions of Use carefully before you proceed.

The distribution of information contained on the Site may be restricted in certain jurisdictions. This information does not constitute an offer or solicitation in any jurisdiction in which such offer or solicitation is not authorised. It is your responsibility to inform yourself of and to observe all applicable laws and regulations of the countries of your nationality, residence or domicile. By proceeding to the Site you confirm that you are aware of the laws in your own jurisdiction relating to the provision and sale of funds and related financial services products and you warrant that you will not distribute or utilise this information in a manner that could constitute a breach of such laws.

Information on the Site is published solely for informational purposes and has no regard to the specific investment objectives, financial situation or particular needs of any person. Information contained herein is believed to be reliable but no warranty is given as to its accuracy or completeness and views and opinions, whilst given in good faith, are subject to change without notice.

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Cygnus Asset Management SGIIC SA

Cygnus Asset Management SGIIC SA ("Cygnus") is registered with the Comisión Nacional del Mercado de Valores ("CNMV") as Alternative Investment Fund Manager ("AIFM") and is also registered as an investment adviser within the U.S. Securities and Exchange Commission ("SEC"). Registration as an investment adviser does not constitute an endorsement of the firm by the SEC nor does it indicate that the adviser has attained a particular level of skill or ability.

European Economic Area
In the European Economic Area, the information on the Site is not to be issued or distributed to, nor directed at, persons other than "Qualified Investors" within the meaning of Article 3(2)(a) of Directive 2003/71/EC (the "Prospectus Directive"). The information contained on the Site must not be accessed by, acted on, or relied on by persons in the European Economic Area who are not Qualified Investors. Within the European Economic Area, any investment or investment activity to which the information on the Site relates is only available to Qualified Investors.

The distribution of information on this Site may be restricted by law in certain countries. This Site and the information on it is not addressed to any person resident in the territory or country or jurisdiction where such distribution would be contrary to local law or regulation. Some funds are not available, and offering materials relating to them will not be distributed, to persons resident in any country where such distribution would be contrary to local law or regulation.
The Site contains information on foreign collective investment schemes which have not been approved by the Swiss Financial Market Supervisory Authority ("FINMA") for distribution in or from Switzerland to non-qualified investors in accordance with Article 120 of the Federal Act on Collective Investment Schemes of 23 June 2006 ("CISA"). The information contained in the following pages is only directed to "qualified investors" within the meaning of Article 10 of CISA with domicile/residence in Switzerland.