Please read this page before proceeding, as it explains certain legal and regulatory restrictions, which apply to the information, contained and investment products referred to within this Website.

1. This Website is intended for Luxembourg residents. It does not constitute an investment advice, an offer to anyone or solicitation by anyone in any jurisdiction in which such an offer or solicitation is not lawful or in which the person making such offer or solicitation is not qualified to do so.

None of the information, whether in part or full, should be copied, reproduced or redistributed in any form nor should it be regarded as an offer or a solicitation of an offer for investment in countries in any jurisdiction in which such an offer or solicitation is not lawful. No shares or units in the Funds mentioned on this website may be offered or sold to citizens or residents of the United States of America or in any other country, state or jurisdiction where it would be unlawful to offer, solicit an offer for or sell such shares or units. Further information is available on the relevant local Websites or by contacting your nearest Franklin Templeton Investments office.

2. The information provided on this Website is issued and approved by Franklin Templeton International Services S.A. and does not, in any way, constitute investment advice. Franklin Templeton International Services S.A. is regulated by the Commission de Surveillance du Secteur Financier. If you are in any doubt about any information on this Website, please consult your stockbroker, solicitor, accountant or other financial adviser.

3. All investments involve risk. The prices of Shares and income therefrom can go down as well as up, and you may not get back the full amount invested. Past performance is no guarantee of future performance. Currency fluctuation may affect the value of overseas investment. In Emerging Markets, the risks can be greater than in developed markets. Emerging Markets can be more risky than developed markets. Investors should be aware of the special risks associated with aggressively seeking capital appreciation, including investments in securities of a more speculative nature with greater emphasis on short term trading profits, and concentration of stocks of specific sectors, as with the investments in the technology and biotechnology sectors. This investment strategy can lead to greater volatility than investment in funds invested in a greater spread stocks across a wider variety of sectors.

Current tax reporting, levels and reliefs in respect of any investment made in the products mentioned herein may vary and will depend on your personal circumstances.

Therefore you must rely on your own examination of the legal, taxation, financial and other consequences of an investment in any Funds including the merits of investing and the risk involved or consult your stockbroker, solicitor, accountant or other financial adviser, as Franklin Templeton International Services S.A. does not provide investment advice.

4. Subscriptions for Shares can be only made on the basis of the relevant current Fund documentation. Copies are available at the registered office of Franklin Templeton International Services S.A., 26 boulevard Royal, L-2449 Luxembourg.
Mailing Address:
Franklin Templeton International Services S.A
P.O.Box 169
L-2011 Luxembourg

5. Considerable care has been taken to ensure that the information contained on this Website is accurate at the date of publication. However no representation or warranty, express or implied, is made to its accuracy or completeness. Franklin Templeton International Services S.A. and Franklin Templeton Investments therefore accept no liability for any loss arising, whether direct or indirect, caused by the use of any part of the information provided. Any research and analysis contained in this Website has been procured by Franklin Templeton Investments for its own purposes. It is provided to you only incidentally, and any opinions expressed are subject to change without notice.

6. This Website may have links to third party Websites, which are not under the control of Franklin Templeton International Services S.A. and/or Franklin Templeton Investments. In this respect, Franklin Templeton International Services S.A. and/or Franklin Templeton Investments will incur no liability for any content, service, product or material offered through any linked site. You will access to third party linked Websites at your own risk.

7. All rights to trademarks, trade names, copyrights, patents and other intellectual property rights in the information on this Website are reserved to Franklin Templeton International Services S.A. and/or Franklin Templeton Investments.