Legal Notices


Please read the Terms & Conditions of Use below, which contains important information relevant to the information contained on this site. After you have read and understood these Conditions of Use you may click the "I agree" button to proceed. By doing so you acknowledge expressly that you have read and understood the Terms & Conditions of Use and agree to abide by them.

If you do not agree with these Terms and Conditions of Use, you are not permitted to access this site.

If you access or use (or attempt to use or access) this site in breach of any of the Terms & Conditions of Use, neither MAC Asset Management Limited nor any of its associates or affiliates will be liable to you for any loss or damage that may result to you or a third party (including without limitation, any direct, indirect, incidental or consequential loss or damage, or any loss of revenue, business profits, goodwill, data, or any opportunity) in connection with such use or access (or attempt to use or access) of this site.



In these Terms and Conditions of Use, references to "you" and "your" are references to any person using or accessing (or attempting to use or access) this site.



The information on this site is issued by MAC Asset Management Limited ("MACAM"), which is authorised and regulated by the Financial Conduct Authority ("FCA") in the United Kingdom. The information on this site is directed only at persons or entities in any jurisdiction or country where such access to information contained on this site and use of such information is not contrary to local law or regulation. Accordingly, all persons who access this site are required to inform themselves of and to comply with any such restrictions. The investment products and services of MACAM are only available to professional clients and eligible counterparties as defined under FCA rules. They are not available to retail clients.

MACAM provides a range of advisory services to persons which have entered into a mandate or advisory agreement with MACAM for that purpose. MACAM does not act for, or owe any duty or obligation to, any person which is not a client of MACAM.

Any information present on this website does not constitute an offer to buy or sell or a solicitation of an offer to buy securities in any company. Any information present on this website is not intended for distribution to any other country where such distribution or use would be contrary to local law or regulation.

Investing in financial markets involves a substantial degree of risk. Nothing described herein is intended to imply that an investment is “safe”, “conservative”, “risk free” or “risk averse”. The information on this website does not consider the specific investment objective, financial situation or particular needs of any client.

The services of MACAM are intended only to clients who are capable of understanding the risk of loss of all or a substantial part of their monies. Clients in the UK are reminded that they will not benefit from the UK investors compensation scheme.

Nothing contained herein constitutes investment, legal, tax or other advice nor is to be relied upon in making an investment or other decision.
No recommendation is made positive or otherwise, regarding individual securities or investments mentioned herein. Any foregoing summary list of risk factors does not purport to be a complete enumeration or explanation of the risks involved in an investment through MACAM. Prospective clients must consult with their own legal, tax and financial advisers before deciding to invest.

The information on this website contains the opinions of the author and such opinions are subject to change without notice. The source of data is MACAM unless otherwise stated. No guarantee is made to the accuracy of the information provided which has been obtained from sources believed to be reliable.

This website and the information contained herein is strictly confidential and is intended only for the use of persons (or entities they represent) to whom it has been provided. No part of this website, or any part of its contents, may be divulged to any other person, distributed, resold and/or reproduced without the prior written permission of MACAM.
Through this website where you are able to link to other websites which are not under the control of MACAM, we have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorsement of the views expressed therein.



Any performance data quoted represents past performance and does not indicate future results. Future returns are not guaranteed and a loss of principal may occur. Investment in the type of securities offered by MACAM carries the risk of potential total loss of capital.



The information contained on this site (including any expression of opinion or forecast) has been obtained from, or is based on, sources believed by MACAM to be reliable, but is not guaranteed as to its accuracy or completeness. Such information is provided without obligation on the part of MACAM and on the understanding that any person who acts upon it or changes his investment position in reliance on it does so entirely at his own risk.

Information posted on this site is current only as at the date it is first posted and may no longer be true or complete when viewed by you. All information contained on this site may be changed or amended without prior notice although MACAM does not undertake to update this site regularly. No representation, warranty or undertaking is given as to the accuracy or completeness of the information contained on this site by MACAM or any of its associated companies and no liability is accepted by such persons for the accuracy or completeness of such information. In no event will MACAM or any of its associated companies be liable to any person for any direct, indirect, special or consequential damages arising out of any use of the information contained on this site, or on any other hyper-linked site, including, without limitation, any lost profits, business interruption, loss of programs or data on your equipment, or otherwise, even if MACAM is expressly advised of the possibility or likelihood of such damages.

You should be aware that the Internet is not a completely reliable transmission medium. MACAM does not accept any liability for any data transmission errors such as data loss or damage or alteration of any kind, including, but not limited to any direct, indirect or consequential damage, arising out of the use of the products or services referred to herein.



MACAM and its affiliates, directors, officers and/or employees may have holdings in the investments referred to on this site and may otherwise be interested in transactions that you effect in those investments.



You agree to indemnify, defend, and hold harmless MACAM, its affiliates, and the officers, employees, and agents of MACAM and its affiliates, from and against any and all claims, liabilities, damages, losses, or expenses, including legal fees and costs, arising out of or in any way connected with your access to or use of this website.



Copyright, trademarks, database rights, patents and all similar rights in this site and the information contained in it are owned by MACAM, its licensors or relevant third party content providers. You may use the information on this site and reproduce it in hard copy for your personal reference only. Such information may not otherwise be reproduced, distributed or transmitted to any other person or incorporated in any way into another database, document or other materials. Nothing on this site should be considered as granting any licence or right under any trademark of MACAM or any third party.



MACAM is as concerned as you are about the privacy of any personal information you may provide to it through this site. A "cookie" is a piece of information that is saved to your computer's hard disk by the web server. Confirmation of reading and accepting these terms and conditions will place a cookie on your computer's hard disk. This will facilitate your navigation of this website by not showing these terms and conditions again during this browser session. It will also allow MACAM to record your visit. This cookie is temporary and will be removed when you close your browser.



MACAM collects certain personal information about you such as your name, address, telephone number, email address details and other information when it is voluntarily submitted to MACAM on this site, including in connection with its customer registration procedures. MACAM uses this information to ensure compliance with its obligations under the regulatory requirements and for its own internal purposes.
Please note that by submitting personal information you are consenting to such information being processed for the purposes referred to above. You also agree that MACAM has the right to use and store such data on its internal systems and to transfer it to its associated companies, whether inside or outside the European Union, for the purpose of providing services to you. You should also be aware that the level of protection in relation to the processing of personal data may not be the same in countries outside the European Union.