Important legal and regulatory information

It is very important that you read this warning and disclaimer before proceeding, as it explains certain legal and regulatory restrictions applicable to any investment in our products. The contents of this website have been approved for issue in the United Kingdom by Titan Investment Solutions Ltd (“TitanIS”), which is authorised and regulated by the Financial Conduct Authority.

In the United Kingdom, this website is directed solely at Professional Clients and Eligible Counterparties. The information in this website is not intended for, and should not be relied on by a Retail Client.

Intended audience

This website is not intended for distribution to any other country where such distribution or use would be contrary to local law or regulation. Investors who are resident in, or citizens of, countries other than the EEA may be subject to local restrictions. Residents of the United States of America are not permitted to access the TitanIS website according to legal restrictions imposed in that jurisdiction. Where this is applicable you must leave this site immediately. This also applies to all other jurisdictions where similar restrictions exist.

No advice, offers or solicitations

The information on this website is provided to you for information purposes only and should not be regarded as an offer or solicitation of an offer to buy or sell any investments or related services that may be referenced on this website.

Risk warnings

Please note that the value of investments and the income from them may fluctuate and you may not receive back the amount originally invested. Past performance is no guarantee of future performance. Currency movements may also affect the value of investments. The investments and investment services referred to on this website may not be suitable for all investors. Full information concerning any of our products and the risks associated with investing in those products are detailed in each case in the Prospectus, which is the only authorised document for the offering of shares in any of our products. If you are unsure as to whether the investments described in this site are suitable for you we recommend you seek professional advice from a financial adviser.

No tax or legal advice

Nothing on this website constitutes investment, legal, tax or other advice nor should it be relied upon in making an investment decision.

No warranty; limitation on liability

The information on this website has been obtained from sources which TitanIS believes to be reliable and accurate at the date of publication, but no warranty of accuracy is given. We are not responsible for the accuracy of information contained within sites provided by third parties, which may have links to or from our pages. Any opinions expressed are our judgement at the time of writing and are subject to change without notice. By proceeding you agree to the exclusion by TitanIS of any liability in respect of any errors or omissions by TitanIS and any other relevant third parties. This website is for UK residents and citizens only and is subject to the laws of England.

Intellectual property

Everything on this website is the valuable intellectual property of TitanIS or their respective suppliers. We protect our intellectual property rights to the full extent of the law.

Copyright policy

No permission is granted to copy, distribute, modify, post or frame any text, graphics, video, audio, software code, or user interface design or logos.

Hyperlinks

The existence of hyperlinks should not be construed as an endorsement, approval or verification by TitanIS of any content available on third party sites. By providing access to other websites, we are not recommending the purchase or sale of products or services provided by the website’s sponsoring organisation. We do not review any of these third party sites. TitanIS reserves the right to require written consent for, or request the removal of, any links to our website.

Security

For your protection, we require the use of encryption technologies for certain types of communications conducted through this website. While we provide those technologies and use other reasonable precautions to protect confidential information and provide suitable security, we do not guarantee or warrant that information transmitted through the Internet is secure, or that such transmissions will be free from delay, interruption, interception or error. You acknowledge and agree that users of this website and users, owners, or managers of third party websites may not: (i) collect or store personal data about other users of this website or (ii) upload, e-mail or otherwise transmit any material that contains viruses or any other computer code, files or programs that might interrupt, limit or interfere with the functionality of any computer software, hardware, database or file, or communications equipment that is owned, leased or used by TitanIS.

Cookies

We also use cookies to collect information and enable our site to work more efficiently. A cookie is a small amount of data, which often includes an anonymous unique identifier that is sent to your browser from a website’s computer and stored on your computer’s hard drive. Each website can send its own cookie to your browser if your browser’s preferences allow it, but (to protect your privacy) your browser only permits a website to access the cookies it has already sent to you, not the cookies sent to you by other sites. Many sites do this whenever a user visits their website in order to track online traffic flows. None of the cookies that we use identify you as an individual, nor do they capture any personal information. For more information about cookies generally, including how to see what cookies have been set and how to manage and delete them, visit www.allaboutcookies.org

Terms and conditions

Deliberate misuse of any element of this Site including, without limitation, hacking, introduction of viruses or similar code, disruption or excessive use or any use in contravention of applicable law, is expressly prohibited and we reserve the right to terminate your access to the Site, and at our discretion, pass information to the legal authorities.

We reserve the right at any time on giving notice to change or modify these terms and conditions or to impose new conditions in respect of this website or to change or discontinue any aspect or feature of this website. We shall be entitled to terminate your access to this website at any time on giving notice to you and in any event if you commit any breach of these terms and conditions. We shall have no liability to you for such termination. Notices may be served by any reasonable method including posting on this website.
You shall indemnify us from and against all actions, claims, proceedings, costs and damages (including any damages or compensation paid by us on the advice of legal advisors to compromise or settle any claim) and all legal costs or expenses arising out of your use of the Site and any breach by you of the software licenses and service agreements governing the software made available to you in connection with this website. These terms and conditions shall be governed by and construed in accordance with the laws of England. Nothing in these Terms and Conditions will exclude or restrict any duty or liability we may have under applicable rules or regulations.

Definitions

Professional Clients:

• an entity required to be authorised or regulated to operate in the financial markets;

• in relation to MiFID or equivalent third country business a large undertaking meeting two of the following size requirements on a company basis:

(a)

balance sheet total of EUR 20,000,000;

(b)

net turnover of EUR 40,000,000;

(c)

own funds of EUR 2,000,000;

• in relation to business that is not MiFID or equivalent third country business a large undertaking meeting anyone the following conditions:

(a)

a body corporate (including a limited liability partnership) which has (or any of whose holding companies or subsidiaries has) (or has had at any time during the previous two years) called up share capital or net assets of at least £5 million (or its equivalent in any other currency at the relevant time);

(b)

an undertaking that meets (or any of whose holding companies or subsidiaries meets) two of the following tests:

(i)

a balance sheet total of EUR 12,500,000;

(ii)

a net turnover of EUR 25,000,000;

(iii)

an average number of employees during the year of 250;

(c)

a partnership or unincorporated association which has (or has had at any time during the previous two years) net assets of at least £5 million (or its equivalent in any other currency at the relevant time) and calculated in the case of a limited partnership without deducting loans owing to any of the partners;

(d)

a trustee of a trust (other than an occupational pension scheme, SSAS, personal pension scheme or stakeholder pension scheme) which has (or has had at any time during the previous two years) assets of at least £10 million (or its equivalent in any other currency at the relevant time) calculated by aggregating the value of the cash and designated investments forming part of the trust’s assets, but before deducting its liabilities;

(e)

a trustee of an occupational pension scheme or SSAS, or a trustee or operator of a personal pension scheme or stakeholder pension scheme where the scheme has (or has had at any time during the previous two years):

(i)

at least 50 members; and

(ii)

assets under management of at least £10 million (or its equivalent in any other currency at the relevant time);

(4)

a national or regional government, including a public body that manages public debt at national or regional level, a central bank, an international or supranational institution (such as the World Bank, the IMF, the ECB, the EIB) or another similar international organisation;

(5)

another institutional investor whose main activity is to invest in financial instruments (in relation to the firm’s MiFID or equivalent third country business) or designated investments (in relation to the firm’s other business). This includes entities dedicated to the securitisation of assets or other financing transactions.

An Eligible Counterparty is:

• an investment firm;
• a credit institution;
• an insurance company;
• a collective investment scheme authorised under the UCITS Directive or its management company;
• a pension fund or its management company;
• another financial institution authorised or regulated under European Community legislation or the national law of an EEA State;
• a national government or its corresponding office, including a public body that deals with the public debt;
• a central bank; or
• a supranational organisation.

A Retail Client is a client that is neither a professional client nor an eligible counterparty

Glossary

ABI – the Association of British Insurers.

ACD (Authorised Corporate Director) – An entity that enforces the rules and regulations, including registration requirements and post-registration requirements, of investment advisory professionals.

Adviser – A Titan Group Financial Adviser.

Annual Report – Includes details of the fund’s investments and how it has performed with more general financial information relating to the fund. It is available from your fund manager at the end of each financial year.

Bonds – Also known as fixed interest securities, bonds are investments which pay a fixed rate of interest and have a fixed term. Governments or companies may issue them.

Capital – The amount of money you initially put into your savings or investments before it receives any interest or capital growth. In a fund “capital” can also refer to the assets held by the fund excluding any income the fund may receive.

Capital Gains Tax – Tax paid to HM Revenue and Customs on any increase in the value of your savings or investments. The tax is payable on the profits you make when you sell your units/shares. There is an annual exemption limit.

Closed Ended Fund – A publicly traded investment company listed on a stock exchange.

COLL – the FCA rules for collective investment schemes.

Correlation – A statistical measure showing the relationship between two different information sets. The range of the data is -1 to 1, the closer the cross-correlation value is to 1, the more correlated the information sets are.

Custodian – Usually a major banking group, the custodian has been appointed by the fund’s Depositary to safeguard the fund’s assets.

Derivatives – Financial instruments enabling investors to gain exposure to equities, commodities or other investments without having to trade the physical assets or shares. Derivatives include CFDs, Futures, Options and Synthetic Assets.

Diversification – A term used to describe the spreading of risk by investing in a number of different companies and assets. Doing so will mean that you won’t have all of your eggs in one basket.

ETF (Exchange Traded Fund) – security that tracks an index, a commodity or a basket of assets like an index fund, but trades like a share on an exchange.

Full Prospectus – The official document issued by a fund prior to its launch to describe the shares being offered to prospective investors. A prospectus must generally include the characteristics of the proposed fund, such as investment objective and policies, services and fees.

FTSE 100 – Equity index on the London Stock Exchange which comprises the leading 100 UK Companies.

GPP – Group Pension Plan.

Hedging – Making an investment to reduce the risk of adverse price movements in an asset.

Half-Yearly Report – Also known as the “interim report”. It will include details of the fund’s investments and how it has performed with more general financial information relating to the fund.

IA – The Investment Association.

Index – A grouping of shares or fixed interest securities on the stock market which are often similar in size or represent similar industries. For example, the FTSE 100 index represents the largest 100 UK companies by market capitalisation.

KIID – A document containing key investor information and introduced under UCITS legislation in 2011.

Liquid Asset – An asset that can be converted into cash quickly and with minimal impact to the price received. Liquid assets are generally regarded in the same light as cash because their prices are relatively stable when sold on the open market.

Multi-Manager funds – Multi-Manager funds are designed to increase diversification by outsourcing a pool of money for investment to a number of appointed managers.

NAV (Net Asset Value) – A fund’s price per share. It is the value of the fund’s assets less the liabilities, divided by the total number of shares in issue.

Portfolio – Refers to investment holdings. It can either refer to the holdings within a particular fund or the range of investments held by an individual investor.

SIPP – Self-invested Personal Pension.

UCITS IV – A fund that can be marketed in all countries in the European Union. UCITS stands for ‘Undertakings for Collective Investments in Transferable Securities’ and is a European Directive which has been adopted in the UK.

Volatility – The relative rate at which the price of a security moves up and down. This is usually measured by Standard Deviation. The greater the volatility, the higher the risk.

Yield – The amount of income generated by a fund’s investments in relation to the price.