Terms and conditions

HSBC Asset Management (Singapore) Limited ("AMSG") is a member of the HSBC Group of companies.

Visitors using this website and any of its pages (the "Site") are required to read carefully and agree to the terms and conditions and disclaimers set out below (the "Terms"). By accessing this Site and any of its pages you are agreeing to the Terms set out below and by continuing to use this Site following the posting of any changes to the Terms will signify your consent to the changes made. If you do not agree to the Terms, do not use this Site.

• References to "you", "your" and "yours" are references to the person(s) accessing this Site
• References to "we", "us" and "our" are references to AMSG
• References to the "HSBC Group" or "HSBC" are references to HSBC Holdings plc, its subsidiaries and associated companies

Use of Information and Materials

Products and services referred to in this Site are offered only at times when, and in jurisdictions where, they may be lawfully offered by AMSG or the relevant member of the HSBC Group. The materials on this Site are not intended for use by persons located in, or resident in jurisdictions that restrict the distribution of such materials by us. Unless otherwise specified, none of the unit trusts and mutual funds herein have been approved for sale or purchase by any authority outside Singapore. Persons accessing this Site are required to inform themselves about and observe any relevant restrictions. By proceeding, you are representing and warranting that you are either resident in Singapore or the applicable laws and regulations of your jurisdiction allow you to access the information. You are not entitled to access the Site if doing so would involve a breach of law by you or us in any country. It is your responsibility to be aware of the relevant laws and regulations.

The information contained in this Site, whether provided by us or other information provider, is not intended to provide professional, investment or tax advice or recommendation and should not be relied upon in that regard. Persons accessing this Site are advised to obtain appropriate professional advice when necessary.

All our products and services and those of other members of the HSBC Group are subject to the relevant terms and conditions and disclaimers governing their use.

No Offer

The information and opinion contained in this Site do not constitute a distribution, an offer to buy or sell or the solicitation of any offer to buy or sell any securities or financial instruments in any jurisdiction in which such distribution or offer is not authorised to any person. Nor does it constitute any advice or recommendation with respect to securities or any other financial instruments. In particular, the information herein is not for distribution and does not constitute an offer to buy or sell or the solicitation of any offer to buy or sell any securities or financial instruments in the United States of America ("US") and Canada to or for the benefit of United States persons (being persons resident in the US, corporations, partnerships or other entities created or organised in or under the laws of the US or any person falling within the definition of the term "US Person" under Regulation S promulgated under the US Securities Act of 1933, as amended) and persons of Canada.

Access to other HSBC Websites

This Site may provide you with access to other HSBC websites ("Local Site"). Each Local Site will be governed by local terms and conditions in addition to the Terms. Please read the terms and conditions of the Local Site (the "Local Terms") carefully before using the Local Site. If you choose to enter a website outside your country of residence, you are advised that it may not be legal in that jurisdiction for you to use the facilities available on that site, the legal requirements of that jurisdiction may prohibit you from dealing in that jurisdiction and that site may contain products and services that are not authorised in Singapore and not available to Singapore residents. If you use the Site to access a jurisdiction in which you are not resident you do so at your own risk and neither AMSG nor any other member of the HSBC Group will be liable for any breach of local law or regulation that you may commit as a result of using and accessing the Site in a country in which you are not resident. The provision of products and services pursuant to this Site and the Local Sites are subject to the Terms as well as the applicable Local Terms. Should the Terms conflict with the relevant Local Terms, the Local Terms shall prevail.

Risk of Investment

Please note that the value of investments and the income derived from them may fluctuate and an investor may not receive back the amount originally invested. Past performance is not necessarily indicative of likely future performance and the value and any income arising from any investment referred to on this Site may go down as well as up. Where an investment is denominated in a currency other than your base currency exchange rates may have an adverse effect on the value price or income of that investment.

In the case of investments for which there is not a recognised market it may be difficult for investors to sell their investment or to obtain reliable information about its value or the extent of the risks to which it is exposed. Changes in current rates of exchange or taxation may have an effect on the value price or income of investments. Current tax levels and relief may change and the value of any relief depends on individual circumstances.

Copyright and Trademarks

We and other parties own the trade marks, logos and service marks displayed on this Site and users are prohibited from using the same without our written permission or that of such other parties.

The materials on this Site are protected by copyright and no part of such materials may be modified, reproduced, stored in a retrieval system, transmitted (in any form or by any means), copied, distributed, used for creating derivative works or used in any other way for commercial or public purposes without our prior written consent. In particular, no one may use a part of our Site on any other website, or link any other website to our Site, without our prior written permission.

You undertake not to use the Site for any purpose which is unlawful, abusive, libellous, obscene or threatening. You undertake to comply with any terms notified to you as required from time to time by any third party supplier of data or services to the Site, including but not limited to, where necessary, entering into a direct agreement with such third party in respect of your use of their data or services.

Material Interests

Members of the HSBC Group and/or their officers, directors and employees may own or have positions in any investment mentioned therein or any investment related thereto and may from time to time add to or dispose of any such investment. Members of the HSBC Group may act as market maker, assume or have assumed an underwriting position in the securities of companies discussed or referred to in the Site (or investments related thereto) and may sell them to or buy them from customers on a principal basis and may also perform investment banking or underwriting services for or relating to those companies.

No Warranties

Some of the information and materials contained in the Site may be provided by third parties, we neither warrant nor represent that the information and materials are accurate or reliable. While every care has been taken in preparing the information and materials contained in this Site, such information and materials are provided to you "AS IS" without warranty of any kind, whether expressed or implied. In particular, no warranty regarding non infringement, security, accuracy, fitness for a particular purpose or freedom from computer virus is given in conjunction with such information and materials. We shall not be liable for any loss or damage whatsoever and howsoever arising as a result of your use of or reliance on the information contained on this Site.

We do not represent or warrant that the Site will be available or that it will meet your requirements, that access will be uninterrupted, that there will be no delays, failures, errors or omissions or loss of transmitted information, that no viruses or other contaminating or destructive properties will be transmitted or that no damage will occur to your computer system. You have sole responsibility for adequate protection and back up of data and/or equipment and for undertaking reasonable and appropriate precautions to scan for computer viruses or other destructive properties.

We make no representations or warranties regarding the accuracy, functionality or performance of any third party software that may be used in connection with the Site.

Changes to the Terms and Information

The information, material and content provided in the pages of the Site may be changed at any time by us. Changes to these Terms will be posted on the Site. It is your responsibility to be familiar with the terms and conditions of the Site. Your continued access to or use of the Site will mean that you agree to any such changes.

Linked Websites

Where we provide hypertext links to other locations on the Internet, we do so for information purposes only. We are not responsible for the content of any other websites or pages linked to or linking to this Site. We have not verified the content of any such websites. Such websites may contain products and services that are not authorised in Singapore and not available to Singapore residents. Following links to any other websites or pages shall be at your own risk and we shall not be responsible or liable for any damages or in other way in connection with linking.

Links to downloadable software sites are for convenience only and we are not responsible or liable for any difficulties or consequences associated with downloading the software. Use of any downloaded software is governed by the terms of the licence agreement, if any, which accompanies or is provided with the software. No endorsement or approval of any third parties or their advice, opinions, information, products or services is expressed or implied by any information on our Site.

Internet E-mail

Messages sent over the Internet cannot be guaranteed to be completely secure as they are subject to possible interception or loss or possible alteration. We are not responsible for them and will not be liable to you or anyone else for any damages or otherwise in connection with any messages sent by you to the HSBC Group or any messages sent by the HSBC Group to you over the Internet.

Communications over the Internet may be subject to interruption, transmission blackout, delayed transmission due to Internet traffic or incorrect data transmission due to the public nature of the Internet or otherwise.

General

We may assign our rights and obligations under these Terms to any other member of the HSBC Group or to any successor to that part of our business which includes the Site, provided always that the assignee undertakes to comply with our obligations under the Terms, or appoint one or more agents to provide all or any of the service and references to "we", "us" or "our" will include references to such assignees and agents.

Governing Law

These Terms are governed by and interpreted in accordance with the laws of Singapore