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Data vendor disclaimers

Guidelines of disclaimer by index provider

SIX
The relevant SIX index is intellectual property (including registered trademarks) of SIX Swiss Exchange AG, Zurich, Switzerland (“SIX Swiss Exchange”) and/or its licensors (“Licensors”), which is used under license. The relevant product of the Pictet Group is neither sponsored nor promoted, distributed or in any other manner supported by SIX Swiss Exchange and/or its Licensors and SIX Swiss Exchange and its Licensors do not give any warranty, and exclude any liability (whether in negligence or otherwise) with respect thereto generally or specifically in relation to any errors, omissions or interruptions in the relevant index or its data.

MSCI
The MSCI information may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation (o make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an "as is" basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the "MSCI Parties '') expressly disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, fast profits) or any other damages. (www.msci.com).

FTSE Russell
All rights in the relevant index (the "Index") vest in FTSE International Limited (“FTSE”). “FTSE®” is a trade mark of the London Stock Exchange Group companies and is used by FTSE under licence. The relevant product of the Pictet Group has been developed solely by the Pictet Group. The Index is calculated by FTSE or its agent. FTSE and its licensors are not connected to and do not sponsor, advise, recommend, endorse or promote the relevant product of the Pictet Group and do not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) investment in or operation of the relevant product. FTSE makes no claim, prediction, warranty or representation either as to the results to be obtained from the relevant product of the Pictet Group or the suitability of the Index for the purpose to which it is being put by the Pictet Group. 

RUSSELL
The relevant index (the "Index") is a trademark of Frank Russell Company (“Russell”) and has been licensed for use by the Pictet Group. The relevant product of the Pictet Group is not in any way sponsored, endorsed, sold or promoted by Russell or the London Stock Exchange Group companies (“LSEG”) (together the “Licensor Parties”) and none of the Licensor Parties make any claim, prediction, warranty or representation whatsoever, expressly or impliedly, either as to (i) the results to be obtained from the use of the Index (upon which the relevant product is based), (ii) the figure at which the Index is said to stand at any particular time on any particular day or otherwise, or (iii) the suitability of the Index for the purpose to which it is being put in connection with the relevant product of the Pictet Group. None of the Licensor Parties have provided or will provide any financial or investment advice or recommendation in relation to the Index to the Pictet Group or to its clients. The Index is calculated by Russell or its agent. None of the Licensor Parties shall be (a) liable (whether in negligence or otherwise) to any person for any error in the Index or (b) under any obligation to advise any person of any error therein.

FTSE FI
Source: FTSE Fixed Income LLC ("FTSE FI") © FTSE FI 2018. "FTSE®" is a trade mark of the London Stock Exchange Group companies and is used by FTSE FI under license. All rights in the FTSE FI indices vest in FTSE FI and/or its licensors. Neither FTSE FI nor its licensors accept any liability for any errors or omissions in the FTSE FI indices or underlying data and no party may rely on any FTSE FI indices or underlying data contained in this communication. No further distribution of FTSE FI data is permitted without FTSE FI’s express written consent. FTSE FI does not promote, sponsor or endorse the content of this communication.

J.P. Morgan
Information has been obtained from sources believed to be reliable but J.P. Morgan does not warrant its completeness or accuracy. The Index is used with permission. The Index may not be copied, used, or distributed without J.P. Morgan's prior written approval. Copyright 2017, J.P. Morgan Chase & Co. All rights reserved.

S&P
The relevant index is a product of S&P Dow Jones Indices LLC, a division of S&P Global, or its affiliates (“SPDJI”), and has been licensed for use by the Pictet Group. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC, a division of S&P Global (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). The relevant product of the Pictet Group is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product nor do they have any liability for any errors, omissions, or interruptions of the relevant index.

Bloomberg Barclays
Source: Bloomberg Index Services Limited.  

STOXX
STOXX Limited (“STOXX”) is the source of the relevant index and the data comprised therein. STOXX has not been involved in any way in the creation of any reported information and does not give any warranty and excludes any liability whatsoever (whether in negligence or otherwise) – including without limitation for the accuracy, adequateness, correctness, completeness, timeliness, and fitness for any purpose – with respect to any reported information or in relation to any errors, omissions or interruptions in the relevant index or its data. Any dissemination or further distribution of any such in-formation pertaining to STOXX is prohibited.

MARKIT: PMI data only
Copyright 2019, Markit Economics Limited. All rights reserved and all Intellectual property rights retained by Markit Economics Limited.

NASDAQ
Nasdaq® relevant index is a registered trademark of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and is licensed for use by the Pictet Group. The relevant product of the Pictet Group has not been passed on by the Corporations as to its legality or suitability. The relevant product of the Pictet Group is not issued, endorsed, sold, or promoted by the Corporations.
THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).

RICI-Beeland
Rogers International Commodity Index®
“Jim Rogers”, “James Beeland Rogers, Jr.”, and “Rogers” are trademarks and service marks of, and “Rogers International Commodity Index” and “RICI” are registered service marks of, Beeland Interests, Inc., which is owned and controlled by James Beeland Rogers, Jr., and are used subject to license. The personal names and likeness of Jim Rogers/James Beeland Rogers, Jr. are owned and licensed by James Beeland Rogers, Jr. Products based on or linked to the Rogers International Commodity Index® or any sub-index thereof are not sponsored, endorsed, sold or promoted by Beeland Interests, Inc. (“Beeland Interests”) or James Beeland Rogers, Jr. Neither Beeland Interests nor James Beeland Rogers, Jr. makes any representation or warranty, express or implied, nor accepts any responsibility, regarding the accuracy or completeness of this website, or the advisability of investing in securities or commodities generally, or in products based on or linked to the Rogers International Commodity Index® or any sub-index thereof o in futures particularly.

TOKYO STOCK EXCHANGE
The TOPIX Index Value and the TOPIX Marks are subject to the proprietary rights owned by Tokyo Stock Exchange, Inc. and Tokyo Stock Exchange, Inc. owns all rights and know-how relating to the TOPIX such as calculation, publication and use of the TOPIX Index Value and relating to the TOPIX Marks. No Product is in any way sponsored, endorsed or promoted by Tokyo Stock Exchange, Inc. 

HFR
© 2018 Hedge Fund Research, Inc. - All rights reserved. HFR®, HFRI®, HFRX®, HFRQ®, HFRU®, HFRL®, HFR PortfolioScope®, WWW.HEDGEFUNDRESEARCH.COM®, HEDGE FUND RESEARCH®, HFR IndexScope™, and HFR Risk Parity Indices™ are the trademarks of Hedge Fund Research, Inc. This information is obtained from sources that Hedge Fund Research, Inc. considers to be reliable; however, no representation is made as to, and no responsibility or liability is accepted for, the accuracy or completeness of the information. Information contained herein is subject to change at any time without notice. It is not possible to invest directly in a financial index. Exposure represented by an index is available through instruments based on that index. HFR does not sponsor, endorse, sell, promote or manage any investment products.

EURONEXT
© 2018 Euronext N.V. All Rights Reserved. The information, data, analysis and opinions (“Information”) contained herein: (i) include the proprietary information of Euronext and its content providers, (ii) may not be copied or further disseminated except as specifically authorized, (iii) do not constitute investment advice, (iv) are provided solely for informational purposes and (v) are not warranted to be complete, accurate or timely.

EMMI-Euribor
Euribor®, Eonia® and Eurepo® are registered trademarks of EMMI a.i.s.b.l.
All rights reserved.
All use of these names must indicate that the index is a registered trademark.

Nomura
The intellectual property rights and any other rights, in the relevant index belong to Nomura Securities Co., Ltd. (“Nomura”).  Nomura does not guarantee accuracy, completeness, reliability, usefulness, marketability, merchantability or fitness of the Index, and does not account for business activities or services that the Pictet Group undertakes with the use of the Index.

ICE-BofAML
The index data referenced herein is the property of ICE Data Indices, LLC, its affiliates (“ICE Data”) and/or its Third Party Suppliers and has been licensed for use by the Pictet Group. ICE Data and its Third Party Suppliers accept no liability in connection with its use. See [prospectus, registration statement, url, etc.] for a full copy of the Disclaimer.

ICE-LIBOR
The index data referenced herein is the property of ICE Data Indices, LLC, its affiliates (“ICE Data”) and/or its Third Party Suppliers and has been licensed for use by the Pictet Group. ICE Data and its Third Party Suppliers accept no liability in connection with its use. See the relevant product’s prospectus for a full copy of the Disclaimer.

CME-WTI
Used with permission from CME Group Inc. 2019

Refinitiv (ex Thomson reuters)
All Refinitiv Indices (“Indices") are proprietary to Refinitiv Limited or any of its affiliates ("Refinitiv”). Refinitiv: (a) does not guarantee any results from using the benchmark of the Indices or the figures or levels at which the Indices stand at any particular day; (b) gives no assurance regarding any change in methodology used in calculating the Indices and is under no obligation to continue the calculation, publication and dissemination of the Indices; (c) does not guarantee the accuracy or completeness of the Indices, nor their computation and compilation; (d) may at any time at its sole discretion change the rules and/or guidelines of the Indices, the process and basis of their computation and compilation and the related formula, constituent benchmarks and other relevant factors; and (e) may disclose information regarding the Indices to others without notice. Refinitiv, its affiliates, officers, employees and agents accept no liability for any errors, omissions or delays in the computation and compilation of the Indices. Anyone that uses, tracks or has products referenced to the Indices does so entirely at their own risk, in full knowledge of this disclaimer and has no recourse to Refinitiv for any loss which may be sustained in using them. The values shown in the Indices are not an indicative price quotation and the information in this document is not an offer, recommendation or solicitation to buy or sell securities and should not be treated as giving investment advice. For avoidance of doubt, this disclaimer does not create any contractual or quasi-contractual relationship between any person and Refinitiv.

Il presente documento di marketing è pubblicato da Pictet Asset Management. Esso non è destinato a e non deve essere utilizzato da persone fisiche o giuridiche aventi cittadinanza, residenza o domicilio in una località, Stato, paese o giurisdizione in cui la sua distribuzione, pubblicazione, messa a disposizione o utilizzo sono in contrasto con norme di legge o regolamentari in vigore. Qualsiasi decisione d’investimento deve essere fondata unicamente sulla versione più recente della documentazione giuridica e contabile del fondo (prospetto, KIID – documento informazioni chiave per gli investitori, regolamento, bilancio annuale e relazione semestrale, se pubblicata successivamente al bilancio annuale). Tali documenti sono disponibili sul sito assetmanagement.pictet.

Il presente documento ha esclusivamente finalità informative e non costituisce, da parte di Pictet Asset Management, una offerta o una sollecitazione per l’acquisto o la vendita di titoli o strumenti finanziari o una consulenza d’investimento. Esso è stato preparato sulla base di dati, proiezioni, previsioni, anticipazioni e ipotesi di natura soggettiva. Le analisi e conclusioni in esso contenute sono l’espressione di una opinione, basata sui dati disponibili a una data specifica. L’effettivo andamento delle variabili economiche e dei valori dei mercati finanziari può differire in modo significativo dalle indicazioni comunicate in questo documento.

Tutte le informazioni, le opinioni e le stime qui contenute riflettono un giudizio espresso al momento della pubblicazione e sono suscettibili di modifica senza preavviso. Pictet Asset Management non ha preso alcuna misura atta a garantire che i fondi indicati nel presente documento siano adeguati per un particolare tipo di investitore. Il presente documento non esime pertanto l’investitore dall’esercizio del proprio giudizio indipendente. Il trattamento fiscale dipende dalla situazione personale dell’investitore e può subire modifiche nel tempo. Prima di prendere qualsiasi decisione d’investimento si raccomanda all’investitore di verificarne l’appropriatezza tenendo conto in particolare della propria conoscenza ed esperienza in materia finanziaria, dei propri obiettivi d’investimento e della propria situazione finanziaria, ricorrendo ove necessario a una consulenza professionale specifica.

Il valore dei titoli o degli strumenti finanziari menzionati nel presente documento, e il reddito che ne deriva, possono tanto aumentare quanto diminuire e vi è la possibilità che l’investitore non ottenga in restituzione l’intero capitale originariamente investito. I fattori di rischio sono descritti nel prospetto del fondo e non vengono richiamati per intero nel presente documento.

Le performance del passato non sono indicative e non costituiscono una garanzia dei rendimenti futuri. I dati relativi alla performance non comprendono le commissioni e gli altri oneri addebitati al momento della sottoscrizione o del rimborso delle quote. Il presente documento di marketing non intende sostituire la documentazione completa del fondo, né le informazioni che l’investitore deve ottenere dall’intermediario finanziario al quale si rivolge al momento di sottoscrivere le quote dei fondi menzionati in questo documento.

Paesi UE: l’entità di riferimento è Pictet Asset Management (Europe) S.A., 15 avenue J.F. Kennedy, L-1855 Lussemburgo.
Svizzera: l’entità di riferimento è Pictet Asset Management SA, 60 route des Acacias, 1211 Ginevra 73.

Per gli investitori australiani, Pictet Asset Management Limited (ARBN 121228 957) è esonerata dall'obbligo di possedere una licenza per i servizi finanziari australiani ai sensi del Corporate Act 2001.

Per gli investitori statunitensi, la vendita di azioni negli Stati Uniti o a “US Persons” avverrà unicamente tramite collocamento privato ad «accredited investors» in base all’esenzione dalla registrazione presso la SEC ai sensi della section 4(2) e della Regulation D Private placement exemptions della legge del 1933 nonché ai clienti qualificati secondo la definizione della legge del 1940. Le azioni dei fondi Pictet non sono state registrate ai sensi della legge del 1933 e pertanto, ad eccezione delle transazioni non in contrasto con la legislazione statunitense in materia di titoli, esse non possono essere offerte o vendute direttamente o indirettamente negli Stati Uniti o a “US Persons”. Le società di gestione di fondi d'investimento del Gruppo Pictet non saranno registrate ai sensi della legge del 1940.

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Alcune delle fotografie pubblicate su questo sito sono state scattate da Stéphane Couturier, Magnus Arrevad, Lundi 13, Phovea, 13Photo, Magnum Photos, Club Photo Pictet.

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