The contents of this website are for information purposes only and do not represent ,neither by Austiran nor by foreign capitl market law, a solicitation, an offer or an accepatance for the conclusion of a business transaction or any other form of legal act, in particular an investment, and should not influence any such decision. Any investment should be made only after a consultation.
The contents must not be interpreted as financial consulting, legal advice or tax consulting. Global Fund Selection, Sicav has provided all information with the highest possible care, using only sources deemed to be reliable. Nevertheless, Global Fund Selection, Sicav accepts no liability for the accuracy, integrity, actuality or ongoing availability of the information provided on this website.
Important information for investors from Austria: Global Fund Selection SICAV has applied for an amendment of the prospectus of the fund at the Luxembourgian financial supervisory authority named CSSF with the goal to change the legal structure of fund to a UCITS fund including the approval to distribute and sell the fund in Austria. Between 1 January 2015 and the date of the approval from CSSF the sub funds of Global Fund Selection SICAV are not allowed to be distributed in Austria.
Global Fund Selection, Sicav accepts no liability for loss or damage, including lost profit or any other direct or consequential damages, arising from the use of or reliance on the information provided on this website. Publishing of information contained therein is prohibited.
Future investors should make use of adequate investment consulting and should acquaint themselves with the applicable legal bases, exchange supervisory authority laws and taxes in their home country or country of residence. In any case, current legal fund documents (offering memorandum, annual reports, semi annual reports, etc.) should be studied carefully. All fund-specific documents can be ordered free of charge from Global Fund Selection, Sicav, 11, Rue Aldringen, L-2960 Luxembourg, and from the respective agent (representative) in countries where the funds are registered for public distribution. On request we will announce further institutions which provide fund specific documents as well as the date of the last publication of the offering memorandum in Austria or in jurisdictions in which the funds are authorised for public distribution.
Authorisation for public distribution:
Luxembourg; in particular public distribution is not allowed in Germany or Switzerland
Information for USA:
Investment products and information mentioned on the following pages are not intended for distribution in the US.
Therefore, they do not apply to US residents according to Rule 902, Regulation S, Securities Act 1933 (in particular American citizens or persons permanently
resident in the US).
Information for Germany:
Investment products and information mentioned on this web site are not intended for public distribution in Germany. In this respect the website does not address to citizens of Germany.
Information for Switzerland:
Investment products and information mentioned on this web site are not intended for public distribution in Switzerland. In this respect the website does not address to
citizens of Switzerland.
Investing in securities may involve the following risks:
- The possible profit of each investment directly depends on the risk. The higher the possible profit, the higher the risk.
- Irrational factors such as moods, opinions, and rumours may influence the performance and profit of your investment as well.
- The period of an investment influences its risks.
- Investing in diverse securities may reduce the risk of the total investment (spreading of risk).
- In general, financial institutions advise clients against investing loan capital (e.g. purchasing securities on credit). There is interest on loan capital, which increases the risk and reduces possible profit.
- Each investor is responsible for the taxation of investments. Financial institutions offer no taxation consultancy outside of investment consultancy.
Investing in thin market securities or securities without a strong secondary market means running the risk of influencing their performance in an unfavourable way. Besides that, it may be impossible to sell or buy the security at the time desired.
Purchase and sale order need to include special amendments defining the conditions under which the order may be carried out. The kinds of amendment and the definitions they give are different for each stock exchange. The way they are used may have a decisive impact on profit and risk of an investment.
Risks of foreign investments
Risk and possible profit of an investment in foreign currency depend on the performance of the exchange rate. The risk is equally high when an investment is made in EUR but is strongly related to a foreign market (e.g. an American security quoted in EUR on the Frankfurt Stock Exchange).
Risk and possible profit of any investment depend on the convertibility of currency, the statutory regulations for foreign investors and the credit rating of the country invested in.
Risks of fixed-interest securities
The lower the credit rating of the debtor (issuer) the higher the interest that needs to be paid. For this reason fixed-interest securities with a rate of return higher than the corresponding return of the secondary market constitute a higher risk.
The performance of fixed-interest securities depends on the interest payment, the economic development of the issues as well as on the development of the interest rate level and the financial market the fixed-interest securities are quoted on.
Insolvency of the debtor (issuer) may result in loss of the capital invested.
Risks of shares
The performance of shares does not only depend on the economic development of the company but also on the economic situation and the development of the stock exchange dealing with the shares. If the current price is lower than the purchase price investors can only sell at a loss.
Insolvency of a corporation may result in loss of the capital invested.
Risks of investment funds
One needs to distinguish between money market funds, fixed-interest funds, mutual funds, mixed funds, fund of funds (=investment funds that only invest in other investment funds) and hedge funds (=funds investing in derivatives). Investors purchase units of the fund assets managed by fund managers.
All Austrian fund managing companies are obligated to take back units of fund assets. The same goes for investment funds run by foreign fund managing companies registered for public sale in Austria.
The risk of investment funds depends on the kind of securities and the markets involved in the investment. The higher the volatility of the investment fund the higher the risk. Investment funds offer the possibility to get insured against certain risks such as foreign currency.