Private Investors

This page explains certain legal and regulatory restrictions in relation to the information contained, and the Gartmore funds described on this website, as well as the countries in which these funds are authorised.

References to Gartmore mean Gartmore Investment Limited and Gartmore Fund Managers Limited.

The information contained in this website may be changed by Gartmore at any time without notice.

Whilst Gartmore uses all reasonable efforts to ensure that the information on this website is accurate and up to date. No representations or warranties are given as to the reliability, accuracy and completeness of the information on this website. Gartmore accepts no liability for any damage or loss including loss of profit whether direct, indirect or consequential in respect of the use of this website or its content. However, we do not exclude or restrict any liability that we may have under the Financial Services Authority rules and any other applicable laws or regulations in England or Wales.

Nothing contained on this website constitutes investment advice and it is important that you do not rely upon its content to make investment decisions. This website should not be regarded as constituting a distribution or an offer or solicitation to sell shares or units in any of the Gartmore funds in any jurisdiction in which such distribution, offer or solicitation would be contrary to local law or regulation.

In particular, the information on the Gartmore website is not for distribution and does not constitute an offer to sell or the solicitation of any offer to buy any securities in the United States of America to or for the benefit of United States persons being resident in the United States of America or partnerships or corporations organised under the laws of the United States of America or any state, territory or possession thereof. The shares or units in any of the Gartmore funds have not been, and will not be registered under the United States Securities Act 1933.

The jurisdictions in which the Gartmore funds are currently authorised are as follows:

FSA regulations do not in general apply to the Gartmore SICAV. The protections available under the Financial Services Compensation Scheme and the Financial Ombudsman Service, will not be available in connection with an investment. Isle of Man investors will not be protected by statutory compensation arrangement in respect of Gartmore SICAV.

Please note: Gartmore may from time to time introduce new funds/sub-funds and achieve registration of existing funds/sub-funds in other countries. You are therefore urged to contact Gartmore to check the current position before making a purchase.

You should always bear in mind that:

• The value of investments and the income from them may go down as well as up and you may not get back your original investment.
• Past performance is not a guide to future performance.
• ISAs were introduced on 6 April 1999 for an initial ten year period. They are subject to government legislation and as such their tax benefits may be changed in the future.
• The value of current tax relief depends on individual circumstances. If you have doubts about your tax position, you should seek professional advice.
• Funds investing in overseas securities are exposed to and can hold currencies other than sterling. As a result, exchange rate movements may cause the value of investments to decrease or increase.
• Emerging markets tend to be more volatile than more established stockmarkets and therefore your money is at greater risk. Other risk factors such as political and economic conditions should also be considered.
• Smaller companies are riskier and less liquid than larger companies, which means their share price may be more volatile.
• Funds with an emphasis on a particular sector or geographical area are exposed to a higher risk of volatility than a fund which is more broadly diversified.
• The level of yield is subject to fluctuation and is not guaranteed.
• The difference between the underlying yield and the distribution yield is that the underlying yield reflects the annualised income net of expenses of the fund (calculated in accordance with relevant accounting standards) as a percentage of the mid-market share price of the fund as at the date shown. It is based on a snapshot of the portfolio on that day. It does not include any preliminary charge and investors may be subject to tax on distributions. The distribution yield reflects the amounts that may be expected to be distributed over the next twelve months as a percentage of the mid-market share price of the fund as at the date shown. It is based on a snapshot of the portfolio on that day. It does not include any preliminary charge and investors may be subject to tax on distributions.
• When a fund holds high yielding bonds there is an increased risk of capital erosion through default or if the underlying yield is below the distribution yield. You should also be aware that economic conditions and changes to interest levels may significantly impact the values of high yield bonds.
• Gartmore's bond funds have the ability to use derivative based instruments as part of their investment portfolio. These funds are currently using Credit Default Swaps (CDS) to both buy and sell protection. CDS are products designed to transfer the credit risk of a company defaulting between two counterparties. CDS can be used for protection or traded as investments in their own right.
• Where a fund has some or all of the annual management fee charged to the capital of the Fund, this increases the yield. However, it will restrict the potential for capital growth.
• Where a fund holds a limited number of investments and one or more of those investments declines or is otherwise adversely affected, it may have a more pronounced effect on the Fund's value than if a larger number of investments were held.
• An investment in futures and options might be volatile.
• Funds which specialise in a particular region or market sector are more risky than those which hold a very broad spread of investments.
• For investment trusts Net Asset Value ("NAV") performance is not the same as share price performance and investors' returns may not equate to NAV performance.
• Investment trust shares may trade at a discount or a premium to the value of the investment trust's assets.
• Investment trusts can borrow money to make additional investments on top of the shareholders funds (gearing). If the value of these investments fall, gearing will magnify the negative impact on share performance. If an investment trust incorporates a large amount of gearing, the value of its shares may be subject to sudden and large falls in value and you could get back nothing at all.
• Your money is more secure in a deposit account where only the level of interest paid may fluctuate.
• Telephone calls may be recorded for monitoring and training purposes.
• If you have any doubt whether any of the Gartmore funds are suitable for you and you wish to obtain personal advice, please contact a financial adviser.

Gartmore Investment Limited (GIL) (Registered in England & Wales No: 1508030). Gartmore Investment Limited (FSA registration number 119236) provides investment management services for its customers. Gartmore's OEICs are managed by Gartmore Fund Managers Limited (GFM) (Registered in England & Wales No: 1137353). Gartmore Fund Managers Limited (FSA registration number 122610) provides fund management services for its customers. Both GIL and GFM are authorised and regulated by the Financial Services Authority. Registered Office of both GIL and GFM: Gartmore House, 8 Fenchurch Place, London EC3M 4PB.