-
Notifications
You must be signed in to change notification settings - Fork 2
/
Copy pathMay_2024_update.php.html
819 lines (674 loc) · 65.8 KB
/
May_2024_update.php.html
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
233
234
235
236
237
238
239
240
241
242
243
244
245
246
247
248
249
250
251
252
253
254
255
256
257
258
259
260
261
262
263
264
265
266
267
268
269
270
271
272
273
274
275
276
277
278
279
280
281
282
283
284
285
286
287
288
289
290
291
292
293
294
295
296
297
298
299
300
301
302
303
304
305
306
307
308
309
310
311
312
313
314
315
316
317
318
319
320
321
322
323
324
325
326
327
328
329
330
331
332
333
334
335
336
337
338
339
340
341
342
343
344
345
346
347
348
349
350
351
352
353
354
355
356
357
358
359
360
361
362
363
364
365
366
367
368
369
370
371
372
373
374
375
376
377
378
379
380
381
382
383
384
385
386
387
388
389
390
391
392
393
394
395
396
397
398
399
400
401
402
403
404
405
406
407
408
409
410
411
412
413
414
415
416
417
418
419
420
421
422
423
424
425
426
427
428
429
430
431
432
433
434
435
436
437
438
439
440
441
442
443
444
445
446
447
448
449
450
451
452
453
454
455
456
457
458
459
460
461
462
463
464
465
466
467
468
469
470
471
472
473
474
475
476
477
478
479
480
481
482
483
484
485
486
487
488
489
490
491
492
493
494
495
496
497
498
499
500
501
502
503
504
505
506
507
508
509
510
511
512
513
514
515
516
517
518
519
520
521
522
523
524
525
526
527
528
529
530
531
532
533
534
535
536
537
538
539
540
541
542
543
544
545
546
547
548
549
550
551
552
553
554
555
556
557
558
559
560
561
562
563
564
565
566
567
568
569
570
571
572
573
574
575
576
577
578
579
580
581
582
583
584
585
586
587
588
589
590
591
592
593
594
595
596
597
598
599
600
601
602
603
604
605
606
607
608
609
610
611
612
613
614
615
616
617
618
619
620
621
622
623
624
625
626
627
628
629
630
631
632
633
634
635
636
637
638
639
640
641
642
643
644
645
646
647
648
649
650
651
652
653
654
655
656
657
658
659
660
661
662
663
664
665
666
667
668
669
670
671
672
673
674
675
676
677
678
679
680
681
682
683
684
685
686
687
688
689
690
691
692
693
694
695
696
697
698
699
700
701
702
703
704
705
706
707
708
709
710
711
712
713
714
715
716
717
718
719
720
721
722
723
724
725
726
727
728
729
730
731
732
733
734
735
736
737
738
739
740
741
742
743
744
745
746
747
748
749
750
751
752
753
754
755
756
757
758
759
760
761
762
763
764
765
766
767
768
769
770
771
772
773
774
775
776
777
778
779
780
781
782
783
784
785
786
787
788
789
790
791
792
793
794
795
796
797
798
799
800
801
802
803
804
805
806
807
808
809
810
811
812
813
814
815
816
817
818
819
<!DOCTYPE html>
<!--[if IE 8]><html class="no-js lt-ie9" lang="en"> <![endif]-->
<!--[if gt IE 8]>
<!--><html class="no-js" lang="en"><!--<![endif]-->
<head>
<!-- Google tag (gtag.js) --> <script async src="https://www.googletagmanager.com/gtag/js?id=G-9W2ZW576XX"></script> <script> window.dataLayer = window.dataLayer || []; function gtag(){dataLayer.push(arguments);} gtag('js', new Date()); gtag('config', 'G-9W2ZW576XX'); </script>
<script type="text/javascript">
(function(c,l,a,r,i,t,y){
c[a]=c[a]||function(){(c[a].q=c[a].q||[]).push(arguments)};
t=l.createElement(r);t.async=1;t.src="https://www.clarity.ms/tag/"+i;
y=l.getElementsByTagName(r)[0];y.parentNode.insertBefore(t,y);
})(window, document, "clarity", "script", "g9vrmbyk0t");
</script>
<!-- Basic Page Needs
================================================== -->
<meta charset="utf-8">
<link rel="stylesheet" href="https://maxcdn.bootstrapcdn.com/bootstrap/3.4.1/css/bootstrap.min.css">
<script src="https://ajax.googleapis.com/ajax/libs/jquery/3.6.0/jquery.min.js"></script>
<script src="https://maxcdn.bootstrapcdn.com/bootstrap/3.4.1/js/bootstrap.min.js"></script>
<title>Asset allocation trends – May 2024 update</title>
<meta name="description" content="">
<meta name="author" content="">
<!-- Mobile Specific Metas
================================================== -->
<meta name="viewport" content="width=device-width, initial-scale=1, maximum-scale=1">
<!-- CSS
================================================== -->
<link rel="stylesheet" href="css/base.css"/>
<link rel="stylesheet" href="css/skeleton.css"/>
<link rel="stylesheet" href="css/layout.css"/>
<link rel="stylesheet" href="css/animsition.min.css"/>
<link rel="stylesheet" href="css/font-awesome.css" />
<link rel="stylesheet" href="css/ionicons.css" />
<link rel="stylesheet" href="css/simple-line-icons.css" />
<link rel="stylesheet" href="css/pe-icon-7-stroke.css" />
<link rel="stylesheet" href="css/sky-mega-menu-light.css">
<link rel="stylesheet" href="css/sky-mega-menu.css">
<link rel="stylesheet" href="css/owl.carousel.css"/>
<link rel="stylesheet" href="css/owl.transitions.css"/>
<link rel="stylesheet" href="css/jquery.fancybox.css"/>
<link rel="stylesheet" href="css/retina.css"/>
<!-- REVOLUTION STYLE SHEETS -->
<link rel="stylesheet" href="css/settings.css">
<!-- REVOLUTION LAYERS STYLES -->
<link rel="stylesheet" href="css/layers.css">
<!-- REVOLUTION NAVIGTION STYLES -->
<link rel="stylesheet" href="css/slider-navigation.css">
<style>
.modal {
display: none; /* Hidden by default */
position: fixed; /* Stay in place */
z-index: 999999; /* Sit on top */
padding-top: 100px; /* Location of the box */
left: 0;
top: 0;
width: 100%; /* Full width */
height: 100%; /* Full height */
overflow: auto; /* Enable scroll if needed */
background-color: rgb(0,0,0); /* Fallback color */
background-color: rgba(0,0,0,0.4); /* Black w/ opacity */
}
/* Modal Content */
.modal-content {
background-color: #fefefe;
margin: auto;
padding: 20px;
border: 1px solid #888;
width: 720px;
text-align: -webkit-center;
}
.modal-content2 {
background-color: #fefefe;
width: 100%;
text-align: -webkit-center;
}
.four-columns {
width: 280px; !important;
}
.two-columns {
width: 50%; !important;
}
.six-columns {
width: 240px; !important;
}
.one-column {
width: 100%; !important;
}
.mobvisible {
visibility: hidden!important;
display: none;
}
.mobmargitop{
padding-top: 0px!important;
}
@media only screen and (max-width: 600px) {
.mobvisible {
visibility: visible!important;
display: block;
}
.mobmargitop{
padding-top: 80px!important;
}
.mobmmenu{
margin-top: 25px!important;
}
}
</style>
<!-- Favicons
================================================== -->
<link rel="shortcut icon" href="favicon.png">
<link rel="apple-touch-icon" href="apple-touch-icon.png">
<link rel="apple-touch-icon" sizes="72x72" href="apple-touch-icon-72x72.png">
<link rel="apple-touch-icon" sizes="114x114" href="apple-touch-icon-114x114.png">
<script type="text/javascript" src="js/modernizr.custom.js"></script>
</head>
<body>
<!-- page load -->
<div class="animsition-d">
<!-- Primary Page Layout
================================================== -->
<!-- mega menu -->
<nav class="section-menu-fixed cbp-af-header grey-menu-background menu-section">
<div class="container">
<div class="twelve columns">
<div class="logo-wrap">
<a href="index.php.html" class="animsition-link"><img src="images/ARIA-PC+CM.png" alt="" /></a>
</div>
<ul class="sky-mega-menu sky-mega-menu-anim-scale sky-mega-menu-response-to-switcher">
<!-- switcher -->
<li class="switcher mobmmenu">
<a href="May_2024_update.php.html#"><i class="fa fa-bars"></i>Menu</a>
</li>
<!--/ switcher -->
<!-- about -->
<li aria-haspopup="true" class="right left">
<a style="letter-spacing:normal;" href="index.php.html">home</a>
</li>
<!--/ about -->
<!-- news -->
<li aria-haspopup="true" class="right left">
<a style="letter-spacing:normal;" href="May_2024_update.php.html#">About US</a>
<div style="background-color:white;" class="grid-container2">
<ul>
<li><a style="letter-spacing:normal;" href="about_aria_group.php.html" class="SmoothScroll">INTRODUCTION</a></li>
<li><a style="letter-spacing:normal;" href="about_aria_group.php.html#whyaria" class="SmoothScroll">WHY ARIA</a></li>
<li><a style="letter-spacing:normal;" href="about_aria_group.php.html#ouraproach" class="SmoothScroll">OUR INVESTING APPROACH</a></li>
<li><a style="letter-spacing:normal;" href="Investment_process.php.html" class="SmoothScroll">OUR INVESTING Process</a></li>
<li><a style="letter-spacing:normal;" href="sustainability.php.html" class="SmoothScroll">SUSTAINABILITY</a></li>
<li><a style="letter-spacing:normal;" href="about_aria_group.php.html#WHO" class="SmoothScroll">WHO WE SERVE</a></li>
<li><a style="letter-spacing:normal;" href="about_aria_group.php.html#leadership" class="SmoothScroll">LEADERSHIP</a></li>
<li><a style="letter-spacing:normal;" href="about_aria_group.php.html#ourperspectives" class="SmoothScroll">OUR PERSPECTIVES</a></li>
<li><a style="letter-spacing:normal;" href="about_aria_group.php.html#ASPIRE" class="SmoothScroll">ASPIRE AT ARIA</a></li>
<li><a style="letter-spacing:normal;" href="about_aria_group.php.html#get" class="SmoothScroll">GET IN TOUCH</a></li>
</ul>
</div>
</li>
<!--/ news -->
<!-- portfolio -->
<li aria-haspopup="true" class="right left">
<a style="letter-spacing:normal;" href="May_2024_update.php.html#">Funds</a>
<div style="background-color:white;" class="grid-container2">
<ul>
<li><a style="letter-spacing:normal;" href="May_2024_update.php.html#openModal1" data-toggle="modal" data-target="#myModal1">Funds Home Page</a></li>
</ul>
<ul>
<li aria-haspopup="true">
<a style="letter-spacing:normal;" href="alpha_predictor.php.html">AlphaPredictor Target Risk Multi Asset</a>
</li>
</ul>
<ul>
<li aria-haspopup="true">
<a style="letter-spacing:normal;" href="May_2024_update.php.html#">Multi-Asset Fund Range<i class="fa fa-indicator fa-angle-right"></i></a>
<div style="background-color:white;" class="grid-container3">
<ul>
<li><a style="letter-spacing:normal;" href="pci.php.html" class="animsition-link">PC Macro Multi-Asset Defensive Fund</a></li>
<li><a style="letter-spacing:normal;" href="pb.php.html" class="animsition-link">PC Macro Multi-Asset Balanced Fund</a></li>
<li><a style="letter-spacing:normal;" href="pdg.php.html" class="animsition-link">PC Macro Multi-Asset Dynamic Growth Fund</a></li>
</ul>
</div>
</li>
</ul>
<ul>
<li aria-haspopup="true">
<a style="letter-spacing:normal;" href="May_2024_update.php.html#">Thematic Fund Range<i class="fa fa-indicator fa-angle-right"></i></a>
<div style="background-color:white;" class="grid-container3">
<ul>
<li><a style="letter-spacing:normal;" href="tif.php.html" class="animsition-link">ARIA Target Income Fund</a></li>
<li><a style="letter-spacing:normal;" href="giif.php.html" class="animsition-link">ARIA GLOBAL IMPACT INCOME FUND</a></li>
</ul>
</div>
</li>
</ul>
</div>
</li>
<!--/ portfolio -->
<!-- blog -->
<li aria-haspopup="true" class="right left">
<a style="letter-spacing:normal;" href="May_2024_update.php.html#">MPS</a>
<div style="background-color:white;" class="grid-container2">
<ul>
<li><a style="letter-spacing:normal;" href="mps_landing.php.html" class="animsition-link">Introduction to Model Portfolio Strategies</a></li>
<li><a style="letter-spacing:normal;" href="Navigator.php.html" class="animsition-link">Navigator</a></li>
<li><a style="letter-spacing:normal;" href="symphony.php.html" class="animsition-link">SYMPHONY</a></li>
<li><a style="letter-spacing:normal;" href="equilibrium.php.html" class="animsition-link">EQUILIBRIUM</a></li>
<li><a style="letter-spacing:normal;" href="selecta.php.html" class="animsition-link">SELECTA</a></li>
</ul>
</div>
</li>
<!--/ blog -->
<li aria-haspopup="true" class="right left">
<a style="letter-spacing:normal;" href="May_2024_update.php.html#">SUSTAINABILITY</a>
<div style="background-color:white;" class="grid-container2">
<ul>
<li><a style="letter-spacing:normal;" href="sustainability.php.html" class="animsition-link">Climate Aligned Capital Management</a></li>
<li><a style="letter-spacing:normal;" href="esg.php.html" class="animsition-link">ESG Integration</a></li>
<li><a style="letter-spacing:normal;" href="csa.php.html" class="animsition-link">What is Climate Smart Agriculture</a></li>
<li><a style="letter-spacing:normal;" href="sfdr.php.html" class="animsition-link">SFDR</a></li>
</ul>
</div>
</li>
<!-- Shop -->
<li aria-haspopup="true" class="right left">
<a style="letter-spacing:normal;" href="library.php.html">FUND LIBRARY</a>
</li>
<!--/ Shop -->
<li aria-haspopup="true" class="right left">
<a style="letter-spacing:normal;" href="May_2024_update.php.html#">MARKET PERSPECTIVES</a>
<div style="background-color:white;" class="grid-container2">
<ul>
<li><a style="letter-spacing:normal;" href="market_matters.php.html" class="animsition-link">MARKET MATTERS</a></li>
<li><a style="letter-spacing:normal;" href="isb.php.html" class="animsition-link">INSIDE SQUARED BRACKETS</a></li>
<li><a style="letter-spacing:normal;" href="asset_allocation_perspectives.php.html" class="animsition-link">ASSET ALLOCATION PERSPECTIVES</a></li>
<li><a style="letter-spacing:normal;" href="insights.php.html" class="animsition-link">INSIGHTS</a></li>
</ul>
</div>
</li>
<li aria-haspopup="true" class="right left">
<a style="letter-spacing:normal;" href="important_documents.php.html" >Important Documents</a>
</li>
<li aria-haspopup="true" class="right left">
<a style="letter-spacing:normal;" href="May_2024_update.php.html#">Contact Us</a>
<div style="background-color:white;" class="grid-container2">
<ul>
<li><a style="letter-spacing:normal;" href="contact_us.php.html" class="animsition-link">Contact Us</a></li>
<li><a style="letter-spacing:normal;" href="career.php.html" class="animsition-link">Career</a></li>
</ul>
</div>
</li>
</ul>
<!--/ mega menu -->
</div>
</div>
</nav>
<div class="section half-height">
<div class="parallax-blog-mupdate"></div>
<div class="hero-wrap-pages">
<div class="container">
<div class="twelve columns">
<h2>Asset allocation trends – May 2024 update</h2>
</div>
</div>
</div>
</div>
<div class="section padding-bottom-med white-background">
<div class="blog-pages-wrapper smaller-blog-wrapper">
<div class="width-sidebar-grid">
<div class="blog-pages-wrap-box full-standard photo">
<div class="blog-box-2">
<div class="subtext" style="color: #177D7B;"><strong>Asset allocation trends</strong></div>
<p><strong>May 2024 update</strong></p>
<div class="subtext">June 2024. by <a href="May_2024_update.php.html#">PM</a></div>
<p>The importance of getting the asset allocation decisions right has long been engrained in the thinking of investors and financial professionals. The difficulty has been how to get outside the realm of the subjective and have an approach that delivers consistently. A large body of academic research – much of it by my partners and co-founders of Parala – has long identified that understanding the state of the macro-economy and how it is evolving can be very useful in determining investment asset returns. At Parala, our combined skills and pioneering insights on financial market behaviour has resulted in a state-of-the-art investment methodology and technology called AlphaPredictor® which is able to forecast the movement of security prices by modelling the correlation of macroeconomic variables to individual assets and to factors that have been shown to drive market performance. It is distinguished by its ability to learn and adapt across time and to quickly respond to fast-changing landscapes.</p><br>
<p>The heatmap below covers 10 major asset classes. It shows a 3-month ahead view of expected performance through April 2023 as well as the previous forecasts. The investor currency for the expected returns is USD. Each forecast reflects the latest macroeconomic and risk factor changes prior to the forecast date. </p><br>
<p>What is our model telling us about key developments across asset classes for the coming months? A good place to start is considering some of the key macro trends that we have recently observed:</p>
<li>The probability of a recession, as measured by professional forecasters, decreased for China, the Eurozone, Japan and the USA</li>
<li>The industrial metals index increased 13.6% on a year-over-year basis with recent price rises reflecting new sanctions prohibiting Russia metal exports and improving business activity</li>
<li>The US industrial production index declined slightly on a year-over-year basis and has seen very little growth in 2023 and 2024 as the manufacturing sector has languished</li>
<li>Indicators of credit risk remained low and equity investor uncertainty, as measured by the VIX index declined 17%</li>
<li>The US volatility risk premium increased which implies higher expectations for US equity returns because investors require a larger premium for assuming equity risk</li>
<li>The 10-year versus 2-year yield curve inversion, which typically indicates heightened expectations of a recession, increased slightly as 10-year government bond yields declined relative to 2-year yields</li>
<li>Core inflation, excluding volatile food and energy prices, continued to moderate on a year-over-year basis</li>
<br>
<p>These macro variables and many others are part of the information set used in AlphaPredictor® to generate forecasts which can then be distilled into rankings and the heatmap below. A nice thing about the table is that it can be used to assess the relative attractiveness of different asset classes at a point in time as well as trends in individual asset class expectations across time with the more attractive potential returns in light blue and the less attractive in dark blue.</p><br>
<p><strong>Chart 1: 2024’s AI mini boom now outshines the TMT boom of 2000</strong></p>
<img style=" width: 100%; height: 100%; object-fit: fill;" src="images/mupdate.png" alt="" />
<p>So, what are the observable trends and what might we expect in terms of asset class relative returns over the next 3 months?</p><br>
<p>Here are some takeaways:</p>
<li>Over the last 12-months, equities and gold had better expected return rankings than bonds</li>
<li>Global developed market equities have a higher expected return than emerging market equities</li>
<li>Gold has the highest expected return ranking among alternative assets</li>
<li>Global high yield bonds have a higher expected return ranking than both global treasuries and global investment grade corporate bonds</li><br>
<p>Our state-of-the-art investment model is constantly learning and adapting to changing macroeconomic and market conditions. Next month, we will provide an update to our 3-month ahead view and take a deeper look into another asset class. Until then…..</p>
</div>
</div>
<div class="blog-pages-wrap-box full-standard quote">
<div class="blog-box-2">
<div class="subtext-black">Information is based on our current understanding of taxation legislation and regulations. Any levels and bases of, and reliefs from, taxation are subject to change. Tax treatment is based on individual circumstances and may be subject to change in the future. Although endeavours have been made to provide accurate and timely information, we cannot guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No individual or company should act upon such information without receiving appropriate professional advice after a thorough review of their particular situation. We cannot accept responsibility for any loss as a result of acts or omissions.</div>
</div>
</div>
</div>
<div class="sidebar">
<div class="sidebar-wrap dark-background">
<div class="sidebar-blog-wrapper">
<h6>Latest from Featured Strategies</h6>
<div class="sidebar-blog-wrapper-in">
<a href="alphaPredictor_series.php.html" class="animsition-link"><img src="images/alphsmain.jpg" alt="" /></a>
<a style="letter-spacing:normal;" href="alphaPredictor_series.php.html" class="animsition-link">ALPHAPREDICTOR® indices</a>
<p style="letter-spacing:normal; top:140px">A Risk Targeted Approach to Multi-Asset</p>
</div>
<div class="sidebar-blog-wrapper-in">
<a href="quad_regime_investing.php.html" class="animsition-link"><img src="images/regime.jpg" alt="" /></a>
<a style="letter-spacing:normal;" href="quad_regime_investing.php.html" class="animsition-link">INTRODUCING A QUAD MARKET REGIME APPROACH</a>
<p style="letter-spacing:normal;">All terrain investing</p>
</div>
<div class="sidebar-blog-wrapper-in">
<a href="commodities_u.php.html" class="animsition-link"><img src="images/commm.jpg" alt="" /></a>
<a style="letter-spacing:normal;" href="commodities_u.php.html" class="animsition-link">COMMODITIES UNCHAINED</a>
<p style="letter-spacing:normal;">A hedge for geo political tensions</p>
</div>
<div class="sidebar-blog-wrapper-in">
<a href="in_gold_we_trust.php.html" class="animsition-link"><img src="images/igwt.jpg" alt="" /></a>
<a style="letter-spacing:normal;" href="in_gold_we_trust.php.html" class="animsition-link">IN GOLD WE TRUST</a>
<p style="letter-spacing:normal;">Bullion still stands the test of time</p>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
<div class="clear"></div>
<div class="dark-background mobvisible">
<div class="sidebar-blog-wrapper" style="padding: 30px!important">
<h6>Latest from Featured Strategies</h6>
<div class="sidebar-blog-wrapper-in">
<a href="alphaPredictor_series.php.html" class="animsition-link"><img src="images/alphsmain.jpg" alt="" /></a>
<a style="letter-spacing:normal;" href="alphaPredictor_series.php.html" class="animsition-link">ALPHAPREDICTOR® indices</a>
<p style="letter-spacing:normal; top:140px">A Risk Targeted Approach to Multi-Asset</p>
</div>
<div class="sidebar-blog-wrapper-in">
<a href="quad_regime_investing.php.html" class="animsition-link"><img src="images/regime.jpg" alt="" /></a>
<a style="letter-spacing:normal;" href="quad_regime_investing.php.html" class="animsition-link">INTRODUCING A QUAD MARKET REGIME APPROACH</a>
<p style="letter-spacing:normal;">All terrain investing</p>
</div>
<div class="sidebar-blog-wrapper-in">
<a href="commodities_u.php.html" class="animsition-link"><img src="images/commm.jpg" alt="" /></a>
<a style="letter-spacing:normal;" href="commodities_u.php.html" class="animsition-link">COMMODITIES UNCHAINED</a>
<p style="letter-spacing:normal;">A hedge for geo political tensions</p>
</div>
<div class="sidebar-blog-wrapper-in">
<a href="in_gold_we_trust.php.html" class="animsition-link"><img src="images/igwt.jpg" alt="" /></a>
<a style="letter-spacing:normal;" href="in_gold_we_trust.php.html" class="animsition-link">IN GOLD WE TRUST</a>
<p style="letter-spacing:normal;">Bullion still stands the test of time</p>
</div>
</div>
</div>
<div class="section padding-top-bottom-small white-background mobmargitop">
<div class="container">
<div class="twelve columns">
<div class="footer-wrap-4">
<a href="index.php.html" class="animsition-link"><img src="images/ARIA-PC+CM.png" alt="" /></a>
</div><br>
<div class="title-text-center">
<h4>GET IN TOUCH</h4>
<p style="font-family: serif; font-size: 14px; font-style: normal;">For more information and answers to any questions you may have, please contact us.</p>
</div>
</div>
<form name="get-in-touch" id="ajax-form" action="https://www.ariacm.com/scripts/mailn.php" method="post">
<div class="six columns remove-top">
<label for="name">
<span class="error" id="err-name">please enter name</span>
</label>
<input name="name" id="name" type="text" placeholder="Your Name: *" required="required"/>
</div>
<div class="six columns remove-top">
<label for="email">
<span class="error" id="err-email">please enter e-mail</span>
<span class="error" id="err-emailvld">e-mail is not a valid format</span>
</label>
<input name="email" id="email" type="email" placeholder="E-Mail: *" required="required"/>
</div>
<div class="twelve columns">
<label for="message"></label>
<textarea name="message" id="message" placeholder="Message"></textarea>
</div>
<div class="twelve columns">
<div id="button-con">
<button class="send_message button-effect button--moema button--text-thick button--text-upper button--size-s"
type="submit"
>
submit
</button>
</div>
</div>
<div class="clear"></div>
<div class="error text-align-center" id="err-form">There was a problem validating the form please check!</div>
<div class="error text-align-center" id="err-timedout">The connection to the server timed out!</div>
<div class="error" id="err-state"></div>
<input type="hidden" name="hidden" value="Hnb3FhSX$g87!)fE7^">
<input type="hidden" class="g-recaptcha-response" name="g-recaptcha-response">
<input type="hidden" name="action" value="validate_captcha">
</form>
</div>
</div>
<div class="section padding-top-bottom-small white-footer">
<div class="parallax-5"></div>
<div class="container">
<div class="three columns">
<div class="footer-wrap-2">
<h6 style="padding-bottom:0px; font-family: roboto, sans-serif; font-size:16px; letter-spacing:normal;">ARIA CAPITAL MANAGEMENT</h6>
<div class="footer-wrap-2-in">
<a><strong>Offices:</strong></a>
</div>
<div class="footer-wrap-2-in">
<a href="contact_us.php.html">United Kingdom</a>
</div>
<div class="footer-wrap-2-in">
<a href="contact_us.php.html">United Arab Emirates</a>
</div>
<div class="footer-wrap-2-in">
<a href="contact_us.php.html">Switzerland</a>
</div>
<div class="footer-wrap-2-in">
<a href="contact_us.php.html">MALTA</a>
</div>
<div class="footer-wrap-2-in">
<a href="contact_us.php.html">CAYMAN ISLANDS</a>
</div>
</div>
</div>
<div class="three columns">
<div class="footer-wrap-2">
<h6 style="padding-bottom:0px; font-family: roboto, sans-serif; font-size:16px; letter-spacing:normal;">WEBSITE MAP</h6>
<div class="footer-wrap-2-in">
<a href="index.php.html" class="animsition-link">Home</a>
</div>
<div class="footer-wrap-2-in">
<a href="about_aria_group.php.html" class="animsition-link">about us</a>
</div>
<div class="footer-wrap-2-in">
<a href="May_2024_update.php.html#openModal1" data-toggle="modal" data-target="#myModal1">Funds</a>
</div>
<div class="footer-wrap-2-in">
<a href="mps_landing.php.html" class="animsition-link">MPS</a>
</div>
<div class="footer-wrap-2-in">
<a href="library.php.html" class="animsition-link">FUND Library</a>
</div>
<div class="footer-wrap-2-in">
<a href="important_documents.php.html" class="animsition-link">Important Documents</a>
</div>
<div class="footer-wrap-2-in">
<a href="customer_duty.php.html" class="animsition-link">Customer Duty</a>
</div>
<div class="footer-wrap-2-in">
<a href="market_perspectives.php.html" class="animsition-link">MARKET PERSPECTIVES</a>
</div>
</div>
</div>
<div class="three columns">
<div class="footer-wrap-2">
<h6 style="padding-bottom:0px; font-family: roboto, sans-serif; font-size:16px; letter-spacing:normal;">LEGAL</h6>
<div class="footer-wrap-2-in">
<a href="investment_risk.php.html" class="animsition-link">INVESTMENT RISK</a>
</div>
<div class="footer-wrap-2-in">
<a href="disclosures.php.html" class="animsition-link">Disclosures</a>
</div>
<div class="footer-wrap-2-in">
<a href="terms_of_use.php.html" class="animsition-link">Terms of Use</a>
</div>
<div class="footer-wrap-2-in">
<a href="sfdr.php.html" class="animsition-link">SFDR</a>
</div>
<div class="footer-wrap-2-in">
<a href="diversity_and_inclusion_statement.php.html" class="animsition-link">Diversity Statement</a>
</div>
<div class="footer-wrap-2-in">
<a href="images/Sustainability-Risk-Policy-20210224.pdf" class="animsition-link">Sustainability risk policy</a>
</div>
</div>
</div>
<div class="three columns">
<div class="footer-wrap-3">
<h6 style="padding-bottom:0px; font-family: roboto, sans-serif; font-size:16px; letter-spacing:normal;">Follow Us:</h6>
<a href="https://twitter.com/AriaCapitalMgmt?t=ZHTtXiEjp8QkmweorP6PHA&s=09" target="_blank"><div class="social-block med border-full no-back"></div></a>
<a href="https://www.linkedin.com/company/aria-capital-management/" target="_blank"><div class="social-block med border-full no-back"></div></a>
</div>
</div>
</div>
</div>
<div class="section black-background">
<div class="container">
<div class="twelve columns">
<div class="footer-down">
<p style="line-height: normal;">ALL MATERIAL CONTAINED ON THIS WEBSITE IS PURELY FOR INFORMATION PURPOSES ONLY AND IS NOT INTENDED AS INVESTMENT ADVICE. INVESTORS SHOULD SEEK FINANCIAL ADVICE BEFORE MAKING ANY INVESTMENT DECISIONS. THE PRODUCTS AND SERVICES ARE MAY NOT BE AVAILABLE TO RESIDENTS OF ALL JURISDICTIONS. THE INFORMATION ON THIS WEBSITE DOES NOT CONSTITUTE AN OFFER FOR PRODUCTS OR SERVIES, OR A SOLICITATION OF AN OFFER TO ANY PRESONS OUTSIDE OF THE EUROPE WHO ARE PROHIBITED FROM RECEIVING SUCH INFORMATION UNDER THE LAWS APPLICABLE TO THEIR PLACE OF CITIZENSHIP, DOMICILE OR RESIDENCE. ARIA CAPITAL MANAGEMENT (EUROPE) LIMITED IS AUTHORISED AND REGULATED BY THE MALTESE FINANCE SERVICES AUTHORITY IN MALTA. THE PRODUCTS MANAGED BY ARIA CAPITAL MANAGEMENT (EUROPE) ARE TYPICALLY AVAILABLE VIA PROFESSIONAL ADVISERS, RATHER THAN INDIVIDUAL INVESTORS, WHO SHOULD NOT RELY ON THIS INFORMATION BUT CONTACT THEIR FINANCIAL ADVISER.<br><br>The investments underlying the Company and its sub-funds do not take into account the EU criteria for environmentally sustainable economic activities.<br><br>
ARIA CAPITAL MANAGEMENT (EUROPE) LIMITED IS AUTHORISED AND REGULATED BY THE MALTA FINANCIAL SERVICES AUTHORITY <a href="https://www.mfsa.mt/" target="_blank">(WWW.MFSA.MT),</a> AUTHORISED ID: FEXS. MALTA COMPANY NUMBER: C 26673. REGISTERED OFFICE: The Hub, Triq Sant ’Andrija, San Gwann, SGN 1612 Malta.</p>
</div>
</div>
</div>
</div>
<!-- Modal -->
<div class="modal fade" id="myModal1" role="dialog">
<div class="modal-dialog">
<!-- Modal content-->
<div class="modal-content2">
<div class="modal-header">
<button type="button" class="close" data-dismiss="modal">×</button>
<h4 style="letter-spacing:normal;" class="title-text-center">ARIA Capital Management (Europe) Limited Homepage Website terms of use </h4>
<p style=" margin-top: 15px; font-size: 16px; font-family: 'Roboto', sans-serif; letter-spacing: normal; font-style: normal; line-height: normal;"><strong>This website is not suitable for individual (retail) investors. If you are a retail investor, please contact your financial adviser.</strong></p>
</div>
<div class="modal-body">
<p style="font-size:10px; line-height: normal;">You are about to enter a website for professional investors and financial advisers and/or intermediaries and the information contained herein is not suitable for retail investors. Any person unable to accept these terms and conditions should not proceed any further. Before making any investment decision, you shall read carefully the offering documents of each Fund.<br><br>
The use of www.ariacm.com (this “Website”) is subject to the following terms and conditions (the “Terms”). After you have read and understood these Terms, you may click “Accept” to confirm that you agree to the Terms.</p><br>
<p style="font-size:10px; line-height: normal;"><strong>By clicking “Accept” you:</strong></p>
<p style="font-size:10px; line-height: normal;">(i) expressly acknowledge that you have read and understood the Terms and agree to abide by them; <br><br>
(ii) represent and warrant that the jurisdiction you have selected is the applicable jurisdiction for the intended investment activities, and that you are not resident in the United States of America and are not a U.S. Person; <br><br>
(iii) confirm that you are accessing this Website in compliance with the laws and regulations of the jurisdiction you have selected, and all other applicable laws, rules and regulations; <br><br>
(iv) represent and warrant, if applicable, that you are authorised to accept these Terms and use or access (or attempt to use or access) this Website on behalf of your employer, your client, or both, and that in doing so you are acting within the scope of your duties and, at all times, on behalf of your employer, your client or both; and<br><br>
(v) hereby represent and warrant that you are not a private investor or retail client (as defined in the Markets and Financial Instruments Directive 2014/65/EU as amended or updated (“MiFID”)) and that you shall not in any circumstances use or rely on any information displayed on this Website for your own personal investment use.</p><br>
<p style="font-size:10px; line-height: normal;"><strong>If you do not agree with these Terms you must refrain from using this Website.</strong></p>
<p style="font-size:10px; line-height: normal;">In these Terms, references to “you” and “your” are references to any person using or accessing (or attempting to use or access) this Website or, as the context requires, the legal entity on whose behalf a user uses or accesses (or attempts to use or access) this Website. References to “ARIA”, “ACME” “we” and “us” are references to ARIA Capital Management (Europe) Limited.<br><br>
By entering this Website, you acknowledge and agree to be bound by each of the Terms, together with any additional terms and conditions that apply to individual webpages, documents or other attachments contained within this Website (together, the "Conditions of Use"). If there are any Conditions of Use that you do not understand or agree with, you must leave this Website or the webpage in question (as applicable) immediately and delete immediately from the memory of your computer all documents from this Website.
</p><br>
<p style="font-size:10px; line-height: normal;"><strong>1. About this Website: </strong></p>
<p style="font-size:10px; line-height: normal;">The information on this Website is issued and communicated by ARIA Capital Management (Europe) (“ACME,” “we” and “us”), which is authorised and regulated by the Maltese Financial Services Authority (“MFSA”). This Website contains information about various umbrella funds (each an “Umbrella Fund” and together the “Umbrella Funds”) and their sub-funds (the “Funds”) which have been registered, or otherwise notified, for public distribution and marketing in the jurisdiction you hav.<br><br>
Please note that the fact of such registration or notification does not mean that any regulator including the Maltese Financial Services Authority, (or the Central Bank of Ireland or any national regulator of your jurisdiction) has determined that the Funds are suitable for all or any investors.<br><br>
The Funds referred to on this Website may not be suitable investments for you and you should therefore seek professional investment advice before making a decision to invest in any of the Funds.</p><br>
<p style="font-size:10px; line-height: normal;"><strong>2. Access to this Website: </strong></p>
<p style="font-size:10px; line-height: normal;">In order to access this Website, you have been asked to select the jurisdiction which is applicable for the intended investment activities. Your selection will be used to determine the information that you will be able to access on this Website. You hereby represent and warrant to ACME that the information that you have provided is true, accurate and complete and you undertake to notify us of any change to such information. Failure to provide us with accurate information will be treated as a material breach of these Terms. Certain Funds may not be available in all geographical locations and so information about certain Funds may not be available to all users of this Website. You must not attempt to gain access to areas of this Website other than those made available to users in the jurisdiction you selected. If the jurisdiction you should select changes, you must access this Website selecting your new jurisdiction. You should be aware that this may result in you not being able to access (i) information in relation to the same Funds as previously, or (ii) any information at all. Please note that the fact of selecting a jurisdiction does not mean that all or any of the Funds in relation to which information is made available, have been deemed suitable for you.<br><br>
When using this Website you must comply with all applicable local, national and international laws and regulations including those related to data privacy, international communications and exportation of technical or personal data. It may be unlawful to access or download the information contained on this Website in certain countries and the Umbrella Funds, ACME and its affiliates disclaim all responsibility if you access or download any information from this Website in breach of any law or regulation of the United Kingdom, the jurisdiction in which you are residing or domiciled or the jurisdiction from which you access the Website. <br><br>
If you are acting as a financial adviser or intermediary, you agree to access this Website only for the purposes for which you are permitted to do so under applicable law. If you are acting as a financial adviser or intermediary and provide services to clients categorised as retail clients under MiFID, you agree that you will not share with or provide to your retail clients any information available on this Website that has not been approved for retail use and is not otherwise suitable for your retail clients. <br><br>
ACME reserves the right to suspend or withdraw access to any page(s) included on this Website without notice at any time and accepts no liability if, for any reason, these pages are unavailable at any time or for any period.</p><br>
<p style="font-size:10px; line-height: normal;"><strong>3. No Market Timing: </strong></p>
<p style="font-size:10px; line-height: normal;">You agree not to engage in any “market timing” practices with respect to your investment in any Fund and shall take all reasonable steps to ensure that no user authorised to access this Website on your behalf engages in any such market timing practices. For these purposes, “market timing” shall include engaging in any trading strategy with the intention of taking advantage of short term changes in market prices including (without limitation) by engaging in: (i) excessive trading, (ii) late trading or (iii) market abuse.</p><br>
<p style="font-size:10px; line-height: normal;"><strong>4. U.S. Persons: </strong></p>
<p style="font-size:10px; line-height: normal;">Interests in the Funds are not being offered, and will not be sold, within the United States or to, or for the account or benefit of, any U.S. Person. The term U.S. Person shall have the meaning given to it in Regulation S under the United States Securities Act of 1933, as amended, and includes, among other things, U.S. residents and U.S. corporations and partnerships.</p><br>
<p style="font-size:10px; line-height: normal;"><strong>5. Selling Restrictions: </strong></p>
<p style="font-size:10px; line-height: normal;">The distribution of the information and documentation on this Website may be restricted by law in certain countries. This Website, and the information and documentation on it, are not addressed to any person resident in the territory of any jurisdiction where such distribution would be contrary to local law or regulation. Not all the Funds in relation to which information is available on this Website are available in all geographical locations and so not all areas of this Website will be accessible to all users. The Funds are not available, and offering materials relating to them will not be distributed, to any person resident in any jurisdiction where such distribution would be contrary to local law or regulation.</p><br>
<p style="font-size:10px; line-height: normal;"><strong>6. No Investment Advice: </strong></p>
<p style="font-size:10px; line-height: normal;">The information on this Website is provided for information only and on the basis that you will make your own investment decisions. <br><br>
Nothing contained on this Website constitutes, and nothing on this Website should be construed as, investment advice or a recommendation to buy, sell, hold or otherwise transact in any investment including interests in the Funds. It is strongly recommended that you seek professional investment advice before making any investment decision.<br><br>
The information on this Website does not take account of any investor's investment objectives, particular needs or financial situation. Investment in the Funds may not be suitable for you. In addition, nothing on this Website shall, or is intended to, constitute financial, legal, accounting or tax advice. <br><br>
Unless agreed separately in writing with a client, ACME and its affiliates neither provide investment advice to nor receive and transmit orders from investors in the Funds nor do they carry on any other activities with or for such investors that constitute “investment services” or “ancillary services” for the purposes of MiFID. <br><br>
You should consider whether an investment fits your investment objectives, particular needs and financial situation before making any investment decision. You should also inform yourself as to (a) the possible tax consequences, (b) the legal requirements and (c) any foreign exchange restrictions or exchange control requirements which you might encounter under the laws of the countries of your citizenship, residence or domicile and which might be relevant to the subscription, holding, transfer or disposal of interests in the Funds. <br><br>
Any opinion, article, comment, financial analysis, market forecast, market commentary or other such information which is published on this Website is not binding on ACME or its affiliates.</p><br>
<p style="font-size:10px; line-height: normal;"><strong>7. Past Performance; Forecast; Simulation: </strong></p>
<p style="font-size:10px; line-height: normal;">To the extent that this Website contains any information regarding the past performance and/or forecast of the Funds, such information is not a reliable indicator of future performance of these Funds and should not be relied upon as a basis for an investment decision. <br><br>
To the extent that this Website contains any information regarding simulated past performance, such information is not a reliable indicator of future performance and should not be relied on as the basis for an investment decision. Investment results for each Fund may vary. <br><br>
The value of investments and the income from them can go down as well as up and investors may not get back the amount originally invested and may lose all of their investment. The value of investments in the Funds may be affected by the price of underlying investments. Exchange rate changes may cause the value of overseas investments to rise or fall.</p><br>
<p style="font-size:10px; line-height: normal;"><strong>8. Price Information: </strong></p>
<p style="font-size:10px; line-height: normal;">All prices or values may not reflect actual prices or values that would be available in the market at the time provided or at the time you may decide to purchase or sell an interest in a particular Fund.</p><br>
<p style="font-size:10px; line-height: normal;"><strong>9. Risk Warnings: </strong></p>
<p style="font-size:10px; line-height: normal;">There are significant risks associated with an investment in any of the Funds. Investment in the Funds is intended only for those investors who can accept the risks associated with such an investment (including the risk of a complete loss of investment). You should ensure that you have fully understood such risks before taking any decision to invest.<br><br>
These Terms do not represent a complete statement of the risk factors associated with an investment in the Funds. The offering documents for each Fund contain risk warnings which are specific to the relevant Fund. You should consider these risk warnings carefully and take appropriate investment advice before taking any decision to invest.</p><br>
<p style="font-size:10px; line-height: normal;"><strong>10. Offering Documents: </strong></p>
<p style="font-size:10px; line-height: normal;">The terms of any investment in a Fund are governed by the documents establishing such terms. An application for interests in any of the Funds should only be made having fully and carefully read the offering documents, which are the relevant prospectus, key investor information document, the latest financial reports and any other offering documents for the relevant Fund which are available on this Website and upon request from the fund representative in your jurisdiction and specified in the prospectus for the relevant Fund. <br><br>
It is your responsibility to use the offering documents and by making an application to invest in a Fund you will represent that you have read the prospectus for the relevant Fund, the appropriate key investor information document for the Fund and any other applicable offering document and will agree to be bound by its contents.</p><br>
<p style="font-size:10px; line-height: normal;"><strong>11. Information on this Website: </strong></p>
<p style="font-size:10px; line-height: normal;">This Website, and the information on it, are provided for information purposes only and do not constitute an invitation, offer or solicitation to engage in any investment activity including to buy, hold or sell any investment including any interests in the Funds. <br><br>
The information on this Website is provided in good faith and reasonable care has been taken to ensure that such information is accurate, current and fit for its intended purpose. To the extent that any information on this Website relates to a third party, this information has been provided by that third party and is the sole responsibility of such third party and, as such, ACME and its affiliates accept no liability for such information. No representation or warranty of any kind regarding the accuracy, adequacy, validity, completeness or timeliness of the information on this Website or the error-free use of this Website is given and, to the extent permitted by applicable laws, no liability is accepted for the accuracy or completeness of such information. No warranty of any kind, express or implied, including but not limited to the warranties of non-infringement of third-party rights, title, merchantability, fitness for a particular purpose, and freedom from computer virus is given in conjunction with the information, materials, products, and services on the Website. Any views expressed herein are those of the author(s), are based on available information, and are subject to change without notice. Individual portfolio management teams may hold different views and may make different investment decisions for different clients. ACME does not warrant that the Website will meet your needs. You agree to assume the entire risk as to your use of the Website. Any person who acts upon, or changes his investment position in reliance on information contained on this Website, does so entirely at his own risk. In the event of any inconsistency between the information on this Website and the terms of the relevant offering documents, the terms of the offering document shall prevail. <br><br>
All content on the Website is subject to modification from time to time without notice save for any mandatory disclosure requirements. Please contact ACME (using the details in the “Contact Us” section below) for further information regarding the validity of any information contained on this Website. This Website and most of the documentation contained within it is provided in the English language and you represent and warrant that you understand the English language.</p><br>
<p style="font-size:10px; line-height: normal;"><strong>12. Conflicts of Interest: </strong></p>
<p style="font-size:10px; line-height: normal;">ACME, its affiliates and their directors, officers, employees or clients may have or have had interests or long or short positions in any investment product or other financial instruments underlying any investment product referred to on this Website and may at any time make purchases and/or sales in them as principal or agent. In addition, and/or its affiliates may act or have acted as market maker in any investment product, or financial instruments underlying such investment product or entered into an arrangement to hedge the market risk associated with the investment products. The ARIA group has conflicts of interest policies in place which specify the procedures that they follow and the measures that they have adopted in order to avoid such conflicts or to manage such conflicts in a way that ensures fair treatment for clients.</p><br>
<p style="font-size:10px; line-height: normal;"><strong>13. Monetary Benefits: </strong></p>
<p style="font-size:10px; line-height: normal;">You agree that we may, to the extent permitted by applicable laws and regulations, share charges or commission with affiliates of or introducers of business to ACME, or other third parties or professional advisers, or receive remuneration from them, in respect of transactions you carry out in relation to the Funds described on this Website. Where relevant, we may disclose such arrangements to you. Details of any such arrangements are available on request.</p><br>
<p style="font-size:10px; line-height: normal;"><strong>14. Liability: </strong></p>
<p style="font-size:10px; line-height: normal;">No warranty is given that the contents of this Website are compatible with all computer systems or browsers or that this Website shall be available on an uninterrupted basis.<br><br>
The internet is not a completely reliable transmission medium and none of the Umbrella Funds, ACME or any of its affiliates accept any liability for any data transmission errors such as data loss or damage or alteration of any kind or for the security or confidentiality of information transmitted across the internet to or from the Umbrella Funds, ACME or any of its affiliates. Any such transmission of information is entirely at your own risk and any material downloaded from this Website is downloaded at your own risk. <br><br>
The information on this Website is provided “as is” and “as available”. To the extent permitted by law, no guarantee or representation, express or implied, is made as to the accuracy, validity, timeliness, completeness or continued availability of any information made available on the Website. The Umbrella Funds, ACME, its affiliates and each of their directors, officers, employees and/or agents expressly exclude all conditions, warranties, representations, and other terms which might otherwise be implied by statute, common law or the law of equity to the fullest extent permitted by applicable law or regulation.<br><br>
In no event will the Umbrella Funds, ACME, or any of its affiliates be liable to any person for any direct, indirect, special or consequential damages, losses or liabilities arising out of any use of, or inability to use, this Website or the information contained on it including, without limitation, lost profits, business interruption, any failure of performance, error, omission, interruption, defect, delay in operation or transmission, computer virus, line or system failure, loss of programs or data on your equipment or otherwise, even if the Umbrella Funds, ACME or its affiliates is expressly advised of the possibility or likelihood of such damages, losses or liabilities, unless such damages, losses or liabilities are due to the Umbrella Funds’, ACME’s or its affiliates’ negligence, wilful default, fraud or material breach of the Umbrella Funds’, ACME’s or its affiliates’ obligations under applicable law or regulation. <br><br>
This does not affect the liability of the Umbrella Funds, , or its affiliates for any loss or damage which cannot be excluded or limited under applicable law.</p><br>
<p style="font-size:10px; line-height: normal;"><strong>15. Indemnification: </strong></p>
<p style="font-size:10px; line-height: normal;">As a condition of your use of the Website, you agree to indemnify and hold the Umbrella Funds, ACME, and its affiliates, group entities and their respective partners, directors, employees, and agents harmless from and against any and all claims, losses, liability, costs, and expenses (including but not limited to legal fees) arising from your use of the Website or from your violation of these Terms, as far and to the extent that you are responsible for such claims, losses, liability, costs, and expenses under Maltese law or other jurisdiction. </p><br>
<p style="font-size:10px; line-height: normal;"><strong>16. Intellectual Property: </strong></p>
<p style="font-size:10px; line-height: normal;">The entire content of this Website is subject to copyright with all rights reserved. All materials on this Website are owned or licensed by the Umbrella Funds, ACME, its affiliates and/or its third-party providers and are protected by UK and international intellectual property laws. Unless otherwise indicated, all service marks, trademarks, and logos appearing on this Website are the exclusive property of the ACME group. You may not copy, display, distribute, download, license, modify, publish, repost, reproduce, sell, transmit, use to create a derivative work, or otherwise use for public or commercial purposes the content of this Website without the prior written permission of ACME.</p><br>
<p style="font-size:10px; line-height: normal;"><strong>17. Privacy: </strong></p>
<p style="font-size:10px; line-height: normal;">Please see our privacy policy which is contained on this Website for information about how the ARIA group protects your personal data, including personal data collected through this Website. You will be asked to agree to the terms of our privacy policy when selecting your relevant jurisdiction.</p><br>
<p style="font-size:10px; line-height: normal;"><strong>18. Cookies: </strong></p>
<p style="font-size:10px; line-height: normal;">When you visit this Website, a ARIA group company server will record your IP address together with the date, time, page visited and duration of your visit. Please note that the ARIA group uses cookies on this section of the Website. Cookies are small pieces of software that are issued to your computer or device and that store and sometimes track information about your use of the site. Cookies on this Website may collect a unique identifier, user preferences and profile information and membership information from which it is possible to identify individual users. The ARIA group also uses cookies to collect general usage and volume statistical information that does not include personally identifiable information. Some cookies may remain on the user’s computer after they leave this Website (these are known as persistent cookies). For more information about cookies including how to set your internet browser to reject cookies, please go to www.allaboutcookies.org or http://youronlinechoices.eu.<br><br>
By using this Website, you agree that the ARIA group can place cookies on your device which collect the data and for the purposes described above and as further detailed in the Cookie Policy. If you delete cookies relating to this Website, we will not remember things about you, you will be treated as a first-time visitor the next time you visit this Website and we will not be able to tailor your experience of this Website. <br><br>
The ARIA group has engaged one or more third party service providers to track and analyze usage and volume statistical information from visitors to this Website. The service provider(s) set cookies on behalf of the ARIA group. The ARIA group may re-associate the information provided by the technologies directly above with other personal information we hold about you. By using this Website, you agree that third parties can place cookies on your device as described above.</p><br>
<p style="font-size:10px; line-height: normal;"><strong>19. Your use of this Website: </strong></p>
<p style="font-size:10px; line-height: normal;">You must not use this Website (or permit or procure others to use it) as follows: <br>
• for any unlawful, improper or illegal purpose or activity;<br>
• to communicate or receive information that is obscene, indecent, pornographic, sadistic, cruel, or racist in content, of a sexually explicit or graphic nature, which promotes or incites discrimination, hatred or racism or which might be legally actionable for any reason;<br>
• in a manner intended to threaten, harass, or intimidate;<br>
• to violate ACME’s or any third party's copyright, trademark, proprietary or other intellectual property rights;<br>
• to damage ACME’s name or reputation or that of ACME’s affiliated companies or any third parties;<br>
• to impersonate any of ARIA’s employees or other person or use a false name while using this Website or implying an association with ARIA;<br>
• to penetrate ACME’s security measures or other entities' systems ("hacking");<br>
• to transmit unsolicited voluminous emails (for example, spamming) or to intercept, interfere with or redirect email intended for others using this Website;<br>
• to generate excessive amounts of internet traffic, to interfere with ACME’s network or other’s use of this Website or to engage in activities designed to, or having the effect of, degrading or denying service to other users of this Website or others;<br>
• to introduce viruses, worms, harmful code and/or Trojan horses onto the internet or into this Website or any other entity’s systems and it is your responsibility to ensure that whatever you download or select for your use from this Website is free from such items;<br>
• to post or transmit information that is defamatory, fraudulent or deceptive including, but not limited to, scams such as "make-money-fast" schemes or "pyramid/chain" letters; and/or<br>
• to transmit confidential or proprietary information, except solely at your own risk.</p><br>
<p style="font-size:10px; line-height: normal;"><strong>20. Linked Websites: </strong></p>
<p style="font-size:10px; line-height: normal;">Links to websites operated by third parties are provided for information only and do not constitute any form of advice, endorsement or recommendation of such websites or the material on them. ACME will not regularly review such third party websites or the material on them. However, if ACME notices, or is notified, of any such third-party content to cause a private or criminal responsibility, ACME will review such linked content and delete the relevant link if such content would cause private or criminal responsibility. Please note that when you click on any external site hypertext link you will leave this Website. You should review the privacy statements of such websites before you provide any personal or confidential information.</p><br>
<p style="font-size:10px; line-height: normal;"><strong>21. Website Security and Restrictions on Use: </strong></p>
<p style="font-size:10px; line-height: normal;">As a condition to your use of this Website, you agree that you will not, and you will not take any action intended to: (i) access data that is not intended for you; (ii) invade the privacy of, obtain the identity of, or obtain any personal information about any other user of this Website; (iii) probe, scan, or test the vulnerability of this Website or ARIA’s network or breach security or authentication measures without proper authorisation; (iv) attempt to interfere with service to any user, host, or network or otherwise attempt to disrupt our business; or (v) send unsolicited mail, including promotions and/or advertising of products and services. Unauthorised use of the Website, including but not limited to unauthorised entry into ARIA’s systems or misuse of any information posted to a web site, is strictly prohibited.</p><br>
<p style="font-size:10px; line-height: normal;"><strong>22. Amendment: </strong></p>
<p style="font-size:10px; line-height: normal;">ACME may delete or make changes to these Terms and to the information contained on this Website at any time. Where such amendments are made, you will be required to accept any such changes in order and prior to continue to use the Website. If you do not accept such revised Terms, you may no longer be able to access this Website. If any provision of these Terms is found by any court or authority of competent jurisdiction to be illegal, void or invalid under the laws of any jurisdiction, the legality, validity or enforceability of the remainder of these Terms in that jurisdiction shall not be affected and the legality, validity and enforceability of the whole of these Terms in any other jurisdiction shall not be affected.</p><br>
<p style="font-size:10px; line-height: normal;"><strong>23. Third Parties: </strong></p>
<p style="font-size:10px; line-height: normal;">The Umbrella Funds, ACME, and its affiliates shall have the benefit of the rights conferred on them by these Terms but otherwise no person who is not a party to these Terms may enforce its terms under the Contracts (Rights of Third Parties) Act 1999.</p><br>
<p style="font-size:10px; line-height: normal;"><strong>24. Applicable Law: </strong></p>
<p style="font-size:10px; line-height: normal;">These Terms and any non-contractual obligations arising from or connected with them shall be governed by, and these Terms shall be construed in accordance with, the laws of England and Wales.</p><br>
<p style="font-size:10px; line-height: normal;"><strong>25. Jurisdiction: </strong></p>
<p style="font-size:10px; line-height: normal;">You agree that the English courts shall have exclusive jurisdiction in relation to any legal action or proceedings arising out of or in connection with these Terms (whether arising out of or in connection with contractual or non-contractual obligations) (“Proceedings”) and waive any objection to Proceedings in such courts on the grounds of venue or on the grounds that Proceedings have been brought in an inappropriate forum. You further agree that this paragraph operates for the benefit of the Umbrella Funds, or ACME and accordingly the Umbrella Funds, or ACME shall be entitled to take Proceedings in any other court or courts having jurisdiction.</p><br>
<p style="font-size:10px; line-height: normal;"><strong>26. About ACME and the Umbrella Funds:</strong></p>
<p style="font-size:10px; line-height: normal;">Aria Capital Management (Europe) Limited is licensed by the Maltese Financial Services Authority with its registered address at The Hub, Triq Sant ’Andrija, San Gwann, SGN 1612 under Malta Registration number C 26673.<br><br>
Absolute Return Investment Advisers (ARIA) Ltd is authorised and regulated by the Financial Conduct Authority, under reference 527575, with its registered office at Building 2, Ground Floor, Guildford Business Park, Guildford, GU2 8XG.<br><br>
ARIA SICAV P.L.C. (the “Company”) a self-managed open-ended collective investment scheme organized as a multi-fund public limited liability company with variable share capital registered under the Laws of Malta and licensed by the Malta Financial Services Authority in terms of the Investment Services Act (Chapter 370 of the Laws of Malta). The Company qualifies as a self-managed „Maltese UCITS‟ in terms of the Investment Services Act (Marketing of UCITS) Regulations 2011.<br><br>
ARIA SICAV PLC (including each of its sub-funds) is licensed as a collective investment scheme by the Malta Financial Services Authority under the Investment Services Act (cap. 370, laws of Malta) and qualifies as a „Maltese UCITS‟ in terms of the Investment Services Act (Marketing of UCITS) Regulations, 2011 (S.L. 370.18 laws of Malta).</p><br>
<p style="font-size:10px; line-height: normal;"><strong>27. Contact Us: </strong></p>
<p style="font-size:10px; line-height: normal;">If you have any enquiries in relation to this Website or the information on it, please contact us at [email protected] <br><br>
Effective as of 1st September 2022</p><br>
</div>
<div class="modal-footer">
<div class="button-short-wrap">
<a href="landing_funds.php.html"> <div class="button-short-block border-block">Accept</div></a>
<div class="button-short-block border-block" data-dismiss="modal">Not Agree</div>
</div>
</div>
</div>
</div>
</div>
<div class="scroll-to-top"></div>
</div>
<!-- end page load -->
<!-- JAVASCRIPT
================================================== -->
<script type="text/javascript" src="js/jquery-2.1.4.js"></script>
<script type="text/javascript" src="js/jquery.animsition.min.js"></script>
<script type="text/javascript" src="js/retina-1.1.0.min.js"></script>
<script type="text/javascript" src="js/jquery.easing.js"></script>
<script type="text/javascript" src="js/SmoothScroll.js"></script>
<script type="text/javascript" src="js/classie.js"></script>
<script type="text/javascript" src="js/cbpAnimatedHeader.min.js"></script>
<script type="text/javascript" src="js/jquery.parallax-1.1.3.js"></script>
<script type="text/javascript" src="js/owl.carousel.min.js"></script>
<script type="text/javascript" src="js/imagesloaded.pkgd.min.js"></script>
<script type="text/javascript" src="js/masonry.js"></script>
<script type="text/javascript" src="js/isotope.js"></script>
<script type="text/javascript" src="js/jquery.fitvids.js"></script>
<script src="https://www.google.com/recaptcha/api.js?render=6Lf__bgiAAAAADSx-iuWHigwnZPC_gZEOTOvvkd4"></script>
<script type="text/javascript" src="js/form-validation.js"></script>
<script type="text/javascript">
(function($) { "use strict";
$(".blog-box-2").fitVids();
})(jQuery);
</script>
<script type="text/javascript">
(function($) { "use strict";
$('.vimeo a,.youtube a').click(function (e) {
e.preventDefault();
var videoLink = $(this).attr('href');
var classeV = $(this).parent();
var PlaceV = $(this).parent();
if ($(this).parent().hasClass('youtube')) {
$(this).parent().wrapAll('<div class="video-wrapper">');
$(PlaceV).html('<iframe frameborder="0" height="333" src="https://www.ariacm.com/' + videoLink + '?autoplay=1&showinfo=0" title="YouTube video player" width="547"></iframe>');
} else {
$(this).parent().wrapAll('<div class="video-wrapper">');
$(PlaceV).html('<iframe src="https://www.ariacm.com/' + videoLink + '?title=0&byline=0&portrait=0&autoplay=1&color=cfa144" width="500" height="281" frameborder="0"></iframe>');
}
});
})(jQuery);
</script>
<script type="text/javascript" src="js/custom-post-standard.js"></script>
<!-- End Document
================================================== -->
</body>
</html>