Disclaimer

The terms of this disclaimer (hereinafter referred to as 'Disclaimer') apply to this web site (http://www.nam.co.jp/company/english/main.html) of Nissay Asset Management Corporation, with its principal place of business located at Nihon Seimei Marunouchi Bldg. 1-6-6,Marunouchi, Chiyoda-ku,Tokyo 100-8219, Japan, and registered in Director of Kanto Local Finance Bureau (Financial instruments firms) under number 369.

Please read this Disclaimer carefully.

By accessing this web site and or using the information provided on or via this web site you agree to be bound by this Disclaimer. In the event of any conflict between the terms and conditions of specific products and services and this Disclaimer, the conditions specific to such products and services shall prevail.

• Use of this web site
  
  
  • The information provided on or via this web site should not be used as a substitute for any form of advice. Decisions based on this information are for your own account and risk.
  • Although Nissay Asset Management attempts to provide accurate, complete and up-to-date information, which has been obtained from sources that are considered reliable, Nissay Asset Management makes no warranties or representations, express or implied, as to whether information provided on or via this web site is accurate, complete or up-to-date. Nissay Asset Management controls and maintains this web site from Japan and makes no representation that the information provided on or via this web site is appropriate or available for use in other locations. If you use this web site from other locations, you are responsible for compliance with applicable local laws.
  • Nissay Asset Management does not represent or warrant that this web site functions without error or interruption.
  • Use of this web site that may hinder the use of other Internet users, that can endanger/jeopardise the functioning of this web site and/or affect the information provided on or via this web site or the underlying software, is not permitted.
• Third party information, products and services
  
  
  • Where Nissay Asset Management provides hypertext links to third party web sites, such links are not an endorsement by Nissay Asset Management of any products or services provided on or via such web sites. The use of such links is entirely at your own risk and Nissay Asset Management accepts no responsibility or liability for the content, use or availability of such web sites. Nissay Asset Management has not verified the truth, accuracy, reasonability, reliability, completeness of any content of such web sites.
• Intellectual Property
  
  
  • Nissay Asset Management, or the relevant owner, retains all rights (including copyrights, trademarks, patents as well as any other intellectual property right) in relation to all information provided on or via this web site (including all texts, graphics and logos). You may not copy, download, publish, distribute or reproduce any of the information contained on this web site in any form without the prior written consent of Nissay Asset Management or the appropriate consent of the owner. However, you may print out and/or download information contained on this web site for your own personal use. Links to Nissay Asset Management Sites are not permitted without the prior written consent of Nissay Asset Management.
• Communication on line
  
  
  • Messages that you send to Nissay Asset Management by e-mail may not be secure. Nissay Asset Management recommends that you do not send any confidential information to Nissay Asset Management by e-mail. If you choose to send any messages to Nissay Asset Management via e-mail, you accept the risk that they may be intercepted, misused and modified by a third party.
• Exclusion of liability
  
  
  • Neither Nissay Asset Management nor any of its agents or subcontractors shall be liable for any direct, indirect, special, incidental, consequential, punitive, or exemplary damages, including but not limited to financial losses, lost profits or breach of the brand image (even if Nissay Asset Management is advised of the possibility thereof) arising in any way from, including but not limited to, (i) any defects, viruses, or other malfunctions caused to any equipment and other software in connection with access or use of this web site, (ii) the information provided on or via this web site, (iii) the interception, modification or misuse of information transmitted to Nissay Asset Management or transmitted to you, (iv) the functioning or non-availability of this web site, (v) the misuse of this web site, (vi) the loss of data, (vii) downloading or use of any software made available by this web site, or (viii) claims of third parties in connection with the use of this web site.
  • The exclusion of liability is also made for the benefit of directors and employees of Nissay Asset Management.
• Applicable law
  
  
  • This web site and its Disclaimer shall be governed by and construed in accordance with the laws of Japan. All disputes arising out of or in connection with this Disclaimer shall be submitted to the exclusive jurisdiction of the courts of Japan.
• Important information for US Persons!
  
  
  • The offering, sale and/or distribution of many of the products or services described on this website is not intended in any jurisdiction to any person to whom it is unlawful to make such an offer, sale and/or distribution, including the United States. If you intend to obtain any product or service from Nissay Asset Management that is described on this web site, you must first inform Nissay Asset Management whether you are a US Person or if you would not be allowed to obtain such products or services from Nissay Asset Management in your home jurisdiction.
  • This website and its respective contents do not constitute an offer or invitation to purchase or subscribe for any securities or a solicitation of any offer to sell any securities, products or services to US Persons. Any brokerage and investment advisory services described herein are not intended for U.S. Persons.
  • "US Persons" are generally defined as a natural person, residing in the United States or any entity organized or incorporated under the laws of the United States. US Citizens living abroad may also be deemed "US Persons" under certain rules.
  • Neither Nissay Asset Management nor any of its affiliates accepts any liability whatsoever for any loss howsoever arising from any use of this website or its respective contents or otherwise arising in connection therewith. Nissay Asset Management cannot be held responsible for any damages or losses that occur from transactions and/or services in defiance of the relevant rules of the purchaser's home jurisdiction.
• Amendments
  
  
  • Nissay Asset Management reserves the right to change the information provided on or via this web site, including the terms of this Disclaimer, at any time and without notice. It is recommended that you review the information provided on or via this web site, including the terms of this Disclaimer, periodically for changes.

• Investment Advisory Service Financial Product Risks
  
  
  • Securities and other instruments (stocks, government bonds, corporate debentures, real estate investment trusts, investment trust securities, etc.) are expected to experience price fluctuations, and such fluctuations may cause the value of discretionary and advisory account assets under management to fall below their value at time of purchase. As such, neither purchase price principal nor any specific dividend yield or performance rate is guaranteed. The purchaser shall assume responsibility for any losses incurred.
  • Major risks related to our investment strategies include the following:
    
    Price Volatility Risk:
    Prices of stocks and securities are known to fluctuate widely and such price fluctuations in individual stocks and the stock market overall may contribute to a decline in the value of assets under management.
    
    Securities Selection Risk:
    Securities selection may contribute to a decline in the value of assets under management irrespective of overall securities market trends.
    
    Liquidity Risk:
    An inability to execute trades at the most advantageous time due to low trading volume may contribute to a decline in the value of assets under management.
    
    Credit Risk (Stocks):
    In such a case when the issuer of the stock goes into financial difficulty or default etc, invested assets may become unrecoverable. Additionally, in the case when the issuer is expected to go into such situation, the price of the stock issued by the issuer will decline and it may be the factor for the depreciation in the assets under management.
    
    Interest Risk:
    Bond prices generally fall as interest rates rise, and such price fluctuations may contribute to a decline in the value of assets under management.
    
    Credit Risk (Fixed Income):
    Invested assets may become unrecoverable if issuers of corporate/sovereign bonds, commercial paper or short-term financial instruments become insolvent or experience calamitous declines in creditworthiness. Market anticipation of such declines may also contribute to a decline in the value of assets under management.
    
    Foreign Currencies Risk:
    Depreciation of foreign currencies against the yen may contribute to a decline in the value of assets under management. Investment in foreign currency denominated assets may also be affected by regional political and economic conditions, currency and capital regulations and other factors that may contribute to a decline in the value of assets under management
    
    Country Risk:
    Financial market turbulence caused by country-specific political, economic or regulatory changes may constrain fund management and contribute to a decline in the value of assets under management.
    
    Derivative Risk:
    Some products may include derivatives in their investment strategy. In such cases, declining or low correlation with underlying hedged products, liquidity risks, margin deposit losses, leverage risks and other factors may contribute to a decline in the value of assets under management.
• Investment Trust Product Risks
  
  
  • Investment trusts invest in domestic/foreign securities such as stocks, corporate bonds, real estate investment trusts and other instruments with price fluctuations. Purchase amount principal is not guaranteed, and the unit value of invested assets is subject to trading price and exchange rate fluctuations that may contribute to a decline in the value of assets under management.
  • Each investment trust has different characteristics and risks associated with it due to differences in asset class, countries invested in, applicable regulations, security market conditions and other factors. Refer to the prospectus issued for each investment trust product for specific details.