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The following are the terms and conditions ("Terms") under which you may use this website ("the Website") which is hosted by Pioneer (as defined below).

Pioneer Global Investments Limited is regulated by the Central Bank of Ireland. Its offices in Ireland are located at 1 George's Quay Plaza, George's Quay, Dublin 2, Ireland and it is registered in Ireland under no. 223421. Pioneer Global Investments Limited has branch offices in the United Kingdom, Spain and France and is passported on a cross-border basis into all Member States of the EU/EEA

Pioneer Funds Distributor, Inc.,60 State Street, Boston, MA 02109, United States of America is a U.S.-registered broker-dealer.

Pioneer Global Investments (Australia) Pty Ltd, Level 31 Aurora Place, 88 Phillip St., Sydney NSW 2000, Australia (ABN: 20 093 296 050 AFSL: 246840) is licenced in Australia to provide general financial advice to wholesale clients (and not to retail clients).

Pioneer Investment Management Limited, Singapore Branch, 80 Raffles Place, #51-01, UOB Plaza 1, 048624 Singapore is the holder of a Capital Markets Services licence to conduct fund management activities and to deal in securities and acts as an exempt financial adviser.

(collectively referred to herein as “Pioneer”)


This Website is not directed to any person in any jurisdiction where (by reason of that person’s nationality, residence or otherwise) the publication or availability of this Website is prohibited. Persons in respect of whom such prohibitions apply must not access this Website. This Website contains general information covering corporate capabilities and market views of Pioneer for informational purposes only. It should not be considered a solicitation, advice, offer or a recommendation for any security. Pioneer makes no representations that the Website or any contents contained on it are appropriate or available for use in any jurisdiction. This information is not intended to be published or made available to any person in any jurisdiction where doing so would result in contravention of any applicable laws or regulations. The user should ensure that the use of this information does not contravene any such restrictions. It is the user's responsibility to be informed of and to observe all applicable laws and regulations of any relevant jurisdiction. By accessing this Website, you are representing and warranting that the applicable laws and regulations of your jurisdiction allow you to access the Website, and that you have agreed to the conditions outlined herein.

The Pioneer views expressed in this website are subject to change at any time based on market and other conditions and there can be no assurances that countries, markets or sectors will perform as expected. These views should not be relied upon as investment advice, as securities recommendations, or as an indication of trading intent on behalf of any of Pioneer’s strategies. Nothing in the Website constitutes investment advice and it is important that you do not rely upon its content to make investment decisions or give investment advice.

Any user distributing information taken from the Website, in whatever form, to any other person, agrees to attach a copy of this page and obtain the agreement of such other person to comply with the terms set forth on this page.

Access to the Website

Pioneer grants you a limited right to use the Website. Your right to use the Website is subject to your agreement to abide by these Terms in their entirety, as well as any other rules, procedures, policies, terms or conditions that govern all or any portion of the Website.  At any time and for any reason Pioneer may revoke your right to use all or any portion of the Website. You may not violate or attempt to violate the security of the Website.

Content of the Website:

Whilst Pioneer seeks to ensure that the information on this web site is accurate and up to date, Pioneer does not warrant the adequacy, accuracy, timeliness or completeness of this information and does not accept any liability arising from any inaccuracy or omission in or the use of or reliance on the information on this web site

Further, Pioneer reserves the right to change or amend the information provided at any time and without prior notice.

In view of the above, Pioneer advises you to confirm the accuracy of any information with Pioneer before seeking to rely on such information.

Intellectual Property Rights

Copyrights and all other intellectual property rights subsisting in the Website and each and every piece of information provided on or through the Website is owned by Pioneer Investments. You may not copy, modify, publish, licence, sell, resell, retransmit or otherwise make the information retrieved from the Website available in any manner or on any media to any third party unless you have obtained our prior written consent.

Availability of Website

Pioneer will endeavour to make the Website available but cannot guarantee that the Website will operate continuously or without interruptions or be error free. You must not attempt to interfere with the proper working of the Website and, in particular, you must not attempt to circumvent security, tamper with, hack into, or otherwise disrupt any computer system, server, website, router or any other internet connected device.

Pioneer reserves the right to correct, improve or change the Website and to suspend access to the Website for maintenance or improvements. The Website may contain typographical errors or inaccuracies and Pioneer does not take responsibility for amending or updating such information.


The Website is provided on an "as is" basis and neither Pioneer nor any of its information providers, licensors, directors, employees, or agents warrant that their supply of information to users ("the Service") will be uninterrupted or error free nor does Pioneer or any of its information providers, licensors, directors, employees or agents make any warranty as to the results to be obtained from use of the Service.

The Service is distributed without warranties of any kind either express or implied, including but not limited to warranties of title or implied warranties of satisfactory quality or fitness for a particular purpose or otherwise, other than those warranties which are implied by and incapable of exclusion, restriction, or modification under applicable law.

All conditions, warranties or representations, not expressly stated in these Terms are excluded to the fullest extent permissible by law.

You are responsible for ensuring that your computer system meets all relevant technical specifications necessary to use the Website. You also understand that Pioneer cannot and does not guarantee or warrant that any material available on the Website will be free from infection, viruses and/or other code that has contaminating or destructive properties. You are responsible for implementing sufficient procedures and virus checks (including anti-virus and other security checks) to satisfy your particular requirements for the accuracy of data input and output.

Pioneer provides the Service free of charge and therefore neither Pioneer nor anyone else involved in creating, producing or delivering the Service (together the “Service Providers”) shall be liable (in tort, contract or otherwise) for any direct, indirect, incidental, special or consequential damages arising out of use of the Website or Service, or inability to use the Website or Service or out of any breach of any warranty. The Service Providers will not in any way be responsible for any acts or omissions of the user in connection with the Service or inability to use the Service or out of any breach of any warranty. The Service Providers will not in any way be responsible for any selection or retention of, or the acts or omissions of, the user in connection with the Service.  The Service Providers are not responsible for any loss or damage that could result from interception of the Services by third parties, theft, operator error or strikes.

If Pioneer is liable in respect of the Website and/or the Service for any reason, its liability shall be limited to €100.

Linked Sites

Pioneer may provide hypertext links to sites on the Internet and Pioneer makes no representations whatsoever about any other site(s) which you may access through this Website or which may link to the Website. When you access any other site you understand that it is independent from the Website and that Pioneer has no control over the content or availability of that site. In addition, a link to any other site does not mean that Pioneer endorses or accepts any responsibility for the content, or the use of, such a site and shall not be liable for any loss or damage caused or alleged to be caused by or in connection with use of or reliance on any such content, goods or services available on or through any such site or resource. Any concerns regarding any external link to any third party site should be directed to that site’s operator.

Risk Statement

You should be aware and make any prospective investors aware of the risks associated with securities investment. Please remember that past performance is not necessarily a guide to the future does not guarantee and is not indicative of future results. Independent financial advice should be taken before entering into any financial transaction.

Telephone Recording

Please note that for business and regulatory purposes, emails and telephone calls to and from Pioneer and/or our affiliates, may be subject to recording, storage and review in order to carry out your instructions correctly, to help improve the quality of our service and in the interests of security.


Pioneer may assign or subcontract any or all of its rights and obligations under these Terms.

Pioneer may alter these Terms from time to time and post the new version on the Website, following which all use of the Website will be governed by that version.

If any provision or term of these Terms shall become or be declared illegal, invalid or unenforceable for any reason whatsoever, such term or provision shall be divisible from them and shall be deemed to be deleted from them.

Pioneer Investments is a trading name of the Pioneer Global Asset Management S.p.A. group of companies.

Notice for UK Residents

In the UK, this Website is approved for use by Pioneer Global Investments Limited (London Branch), Portland House, 8th Floor, Bressenden Place, London SW1E 5BH. Pioneer Global Investments Limited is authorised and regulated by the Central Bank of Ireland and subject to limited regulation by the Financial Conduct Authority. Details about the extent of our regulation by the Financial Conduct Authority (“FCA”) are available from us on request.


By proceeding, you are representing that you have understood and accepted the Terms. You also (i) agree that such information will apply to any subsequent access to this Website by you, and that all such subsequent access will be subject to the disclaimers, risk warnings and other information set out herein and (ii) warrant that no other person will access the Website from the same computer and logon as you are currently using.