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Important Information

Legal Information and terms of use for the nordics.axa-im.com website

This website (hereinafter the "Website") is published solely for information purposes of those users who agree to the conditions set out in the following. It is recommended to read the following information carefully.

The term “AXA Investment Managers” includes both the German entity AXA Investment Deutschland GmbH and the other entities of the AXA Investment Managers Group. The information on the products mentioned on this Website are exclusively available for users, which are not subject to any legal restrictions regarding the purchase of such products. This Website is not addressed to persons in countries, in which the publication of and the access to such a Website is legally prohibited due to their nationality, their place of residence or for other reasons (i.a. including regulatory reasons).     

Important Information for US-Persons

Attention: This Website is not directed to US-Persons. All of the products or services mentioned on this Website are not available for US-Persons.

Deemed as US-Persons:

  • Citizens of the United States of America (regardless of their place of residence)
  • Other citizens with current place of residence in the United States of America
  • Persons who are temporarily present in the United States of America
  • Any future or existing partnership, corporation, or entity which is organized under the laws of the United States of America or of any state, territory, or possession thereof,  
  • Any estate or trust which is subject to the laws of the United States of America

Furthermore it is referred to the definition of the Regulation S according to the U.S. Securities Act of 1933.

Confidentiality

Please note, that the communication via Internet and Email is not confidential and information transmitted to us may possibly be read by third parties. The confidentiality of your information cannot be guaranteed by AXA Investment Managers. Hence, we would ask you to refrain from transmitting personal data or other confidential data to us.  

Orders and Instructions

AXA Investment Managers assumes no liability for the execution of orders and instructions, which are received by email.  

No offer to purchase, no binding nature

The information published on this Website do not represent, or should not be construed as representing, a solicitation, an offer, or a recommendation to buy or sell an investment or to take part in any other transaction or to conclude legal transactions. All information and opinions featured on this Website are provided for purely informative purposes and personal usage; they may be withdrawn or amended at any time without notice. More generally, despite the efforts made by AXA Investment Managers to gather and confirm all information, AXA Investment Managers cannot give any representation, warranty or undertaking of any nature, whether express or implied, as to the accuracy, up-to-date character, completeness or in general terms the quality or reliability of the information available on the Website. In particular AXA Investment Managers is neither obliged to remove outdated information from this Website nor to expressly mark them as such. The information of AXA Investment Managers on this Website shall not be construed as economic, legal, tax or other advice, nor may investment or other decisions be made on the only basis of these information. Prior to any transaction an adequate consultation focused on the individual client situation should be obtained and potentially interested parties must carefully consider the appropriateness of their investments to their specific situation and ensure that they understand the risks involved in their investment decisions. As part of this individual consultation, you will also be informed of costs and fees associated with the purchase of one of the mentioned products. While providing investment services, AXA Investment Managers Deutschland GmbH and/or its affiliates may receive or grant benefits (commissions, fees or other payments as well as all monetary benefits).

Risks

Performance results of the past are no indicator for any future returns or performance trends. The value and return of investments may go down as well as up and will not be guaranteed. Furthermore, commissions and costs have an adverse effect on the performance of an investment. Investors may potentially be paid out less than the invested amount or perhaps they will even suffer a total loss. Also exchange rate fluctuations may influence the value of your investment. Investors are informed that as regards funds investing in emerging markets, investments are made in markets which could be volatile, and it may be difficult for the funds to sell purchased securities. The fiscal treatment of your income from fund units may be subject to changes by the legislator or deviating interpretations of legislation by the financial authorities. The (future-) performance is subject to taxation which depends on the personal situation of each investor, and which may change in the future.

A liability or guarantee for the up-to-datedness, correctness and completeness of the allocated information cannot be assumed by AXA Investment Managers. Any purchase of fund units is carried out exclusively on the basis of the respective prospectus and the information contained therein. It is not permitted to issue statements which are deviating from the information and explanations contained in the prospectuses and key information documents respectively the articles of association. We hereby expressly distance ourselves from such deviating information and explanations, especially with regard on deviating information and explanations by the distributors and information centres mentioned on this Website including in the disclaimer.  

Hypertext links/Use of links

No hypertext link to this Website may be set up without the prior written consent of AXA IM. This condition applies regardless of the type of link used.

AXA IM may authorise some links to exist between this Website and other third party sites that are beyond its control. By permitting such links however, AXA IM makes no representation as to the accuracy, completeness, timeliness or suitability of the information on the third party sites and does not accept any responsibility with regards to the content, services, products or materials offered on these sites.

Intellectual property/copyright and trademarks

This Website is protected by copyrights and international agreements on intellectual properties. All intellectual and other property information contained in this Website shall continue to be held by the AXA IM Group and no rights of any kind in it shall pass to the users.

The reproduction, representation, distribution (by electronic or any other means), amendment, or use of all or part of the form or content of this Website, through any medium, for public or commercial use, is therefore strictly forbidden, unless AXA IM has given its prior written consent.

 You may however copy pages and/or sections of this Website for your own private use only, provided that you do not remove any copyright or other notices relating to intellectual property. None of these elements or information may be resold or redistributed in any way.

The name "AXA Investment Managers" and all associated logos are trademarks that have been registered by AXA IM or its affiliated companies. The reproduction, removal, reuse or modification in any way of the distinctive signs found on the pages of this Website is forbidden.

Investment Advisor  

Investment advisors render a service which is independent of AXA Investment Managers, and don’t act on our behalf. Therefore, AXA Investment Managers assumes no liability for actions or omissions of investment advisors.

Investor complaints

All complaints can be submitted in writing free of charge at the company AXA Investment Managers Deutschland GmbH, FAO: Compliance Office, Thurn-und-Taxis-Platz 6, 60313 Frankfurt am Main.

AXA Investment Managers has joined the arbitration body “Ombudsstelle für Investmentfonds” of the German Investment Funds Association (BVI).

Retail clients have the option to call for this arbitration body for the settlement of disputes with the company. Disputes arising in connection with the provisions of the German Capital Investment Code (Kapitalanlagegesetzbuch) can be resolved here by an independent and neutral arbitrator. Further details are determined in the rules of procedure of the arbitration body for investment funds of the BVI („Verfahrensordnung der Ombudsstelle für Investmentfonds des BVI"). Applications for arbitration must be sent in writing to the office of the arbitration body of the BVI, residing Unter den Linden 42, 10117 Berlin, Germany. You can find further information relating to the arbitration body for investment funds and its procedures at https://www.ombudsstelle-investmentfonds.de/.    

Please contact us first in case of problems, before you initiate a proceeding at the arbitration body for investment funds. So much can be cleared on this way. We are happy to help you.

As regards disputes arising in connection with the provisions of the German Civil Code (Bürgerliches Gesetzbuch) regarding distance selling contracts for financial services (Fernabsatzverträge über Finanzdienstleistungen) the parties involved can also contact the arbitration body of the German Central Bank (Deutsche Bundesbank), Postfach 11 12 32, 60047 Frankfurt, Germany, Tel.: +4969/2388-1907 or – 1906, Fax: +4969/2388-1919, schlichtung@bundesbank.de.

In the event of disputes relating to purchase agreements or service agreements concluded by electronic means, consumers may also contact the EU online dispute settlement platform (www.ec.europa.eu/consumers/odr). The following email can be stated as the contact address of KVG: ClientserviceBanks@axa-im.com.

The platform is not itself a dispute settlement body, but merely provides the parties with contact with a competent national arbitration body.

The right to call the ordinary courts of law remains unaffected.

Furthermore it is recalled, that the AXA Investment Managers Deutschland GmbH is not willing or obliged to participate to other dispute resolutions before a consumer arbitration board according to the German law on alternative dispute resolutions (Verbraucherstreitbeilegungsgesetz).

German Capital Investor Model Procedure Act - KapMuG

The model proceedings was used to ensure effective legal handling of mass actions relating to capital market law (cf. Provisions of the German Capital Investors Model Procedure Act (KapMuG)) introduced by the legislator in the Federal Republic of Germany. This will allow investors to have easier opportunities to resolve legal issues. Pursuant to Section 3 (2) of the German Capital Investors Model Procedure Act (KapMuG), the Trial Tribunal shall publish a permissible standard procedural application in the Federal Gazette (Bundesanzeiger) under the heading “Klageregister nach dem Kapitalanleger-Musterverfahrensgesetz” (Klageregister) (“Applicants Register in accordance with the Capital Investors Model Procedure Act (Applicant’s Register)”) by means of an unassailable decision.

Section 606 Code of Civil Procedure (“Model Declaratory Action”)

In order to improve the enforcement of the law for consumers, the legislator introduced the Model Declaratory Action (cf. § 606 of the Code of Civil Procedure) in the Federal Republic of Germany. According to § 609 of the Code of Civil Procedure, public notices can be viewed by anyone free of charge in the register of actions.

Conflict of Interests              

For the company, acting in the best possible customer interest is an essential part of the philosophy when dealing with your customers. Potential conflicts of interest may conflict with this objective and the Company has therefore taken various organisational precautions to deal with conflicts of interest.

The statutory requirements contain further requirements for dealing with conflicts of interest. Clients of our investment service have already received in writing a summary of how conflicts of interest are handled. This document is also available via the following link.

Exercise of shareholders rights

We think that a good corporate governance contributes significantly to the company value, risk management and efficient capital markets. The exercise of shareholders rights is a fundamental part of a good corporate governance.

You can find a written summary of our principles via the following link: Information on dealing with conflicts of interest by exercise of voting - and shareholder rights.

Best Execution  - Execution Principles and Top 5 Brokers

We believe that the best execution rules introduced reflect our current approach. Nevertheless, the new regulations oblige us to inform you about our execution principles for achieving the best possible result when executing securities orders and about the 5 most important execution locations. Clients affected by 'Best Execution' in relation to the securities service we provide have already received in writing a summary of our execution principles and knowledge of the execution venues. This summary document can also be found via the following links:

Execution principles

In addition, you can request further details at any time via the following email contact: ClientserviceBanks@axa-im.com

If you have any other questions relating to ‘Key Investor Information,’ please do not hesitate to contact us or your personal investment adviser.

Forwarding within the AXA Group

As a user you agree to the transmission of your data within the AXA group and explicitly permit this. AXA Investment Managers adheres to all confidentiality requirements and provisions of the relevant data protection acts and other applicable provisions.

By using this Website you note and agree that your personal information or personal data will be stored and processed abroad (which means outside of your domicile country).

As user of this Website you have the right to view and to have corrected any information stored about you. Contact us on: webmasters@axa-im.com.

Summary of Investor Rights

AXA Investment Managers - collective investment undertakings

Please note that below summary describes your key rights as an Investor or potential Investor (the “Investors”) of collective investment undertakings for which an AXA IM entity based in the European Union act as management company (the “Funds”) for the purposes of the European Union Cross Border Distribution Regulation (Regulation (EU) 2019/1156).

The Below summary is not intended to be an exhaustive list of rights that Investors may have in respect of the Funds. Should you require further details, please refer to the prospectus, offering memorandum, articles of incorporation and/or terms of contract (the “Fund’s Legal Documentation”) of the relevant Fund. The below summary in English is also available in other languages on local AXA IM websites.

Right to Receive Income

Depending on the nature of the shares/units (either accumulation or distribution), each Investor has in principle the right to receive a proportionate share of the income (if any) of the portfolio(s) the Investor has invested in. Please refer to the Fund’s Legal Documentation for further details.

Right to Redeem your investment

Each Investor has the right to redeem their investment according to the redemption process and the timeframe set out in the Fund’s Legal Documentation or applicable regulatory requirements, provided that all documents to ensure compliance with AML/CTF Laws and Regulations have been provided.

Right to Receive Information relating to your investment

Each Investor has the right to receive certain information about the Fund(s) and the Portfolio(s) they have invested in. This information includes a copy of the Fund’s Legal Documentation including the Key Investor Information Document and the annual and semi-annual financial reports and is available on AXA IM website. A paper copy is also available on request by contacting the investment manager or the central administration agent appointed in respect of the Fund you have invested in.

Any material changes to the Fund’s Legal Documentation shall be notified to you in accordance with applicable regulatory requirements.

The Fund Document Library which is available on the AXA IM website provides all legal, regulatory, and reporting documents for all relevant AXA IM Funds.

Additionally, the Fund Centre available on the AXA IM website provides detailed information on product range accessible in your region, including performance, latest Net Asset Value (NAV) per share/unit.

Voting rights and right to attend Shareholder Meetings

When the Fund is legally arranged as a company, each shareholder of such Fund has the right to receive notice of, attend in person or by proxy and vote (whether at general meeting or other shareholder meetings), unless shareholder has chosen to invest in shares which do not carry voting rights.

Terminate marketing arrangements within EU member states– AXA IM funds may have been notified for distribution in different EU member states. Investor’s attention is drawn to the fact that AXA IM may decide to terminate marketing arrangements regarding distribution of its collective investment undertakings under EU denotification process. Nevertheless, the possibility to cease marketing UCITS or AIFs Funds in a particular member state will neither come at a cost to Investors nor diminish their rights to receive accurate information on the continued activities of those Funds.

Organisation

All information herein contains information regarding the companies of the AXA Investment Managers group. AXA Investment Managers Deutschland GmbH is a capital investment company (Kapitalverwaltungsgesellschaft) according to German law and authorised for distribution of their products in Germany.

As it regards Iceland the distribution of products authorised for distribution in Iceland is performed by Landesbankinn hf. Austurstræti 11, 155 Reykjavík.

You will receive the latest prospectus, Key Investor Information Document (“KIID”) – if applicable – and the most recent annual or semi-annual report for funds distributed by the AXA Investment Managers Group in Iceland upon request and free of charge in paper form from Landesbankinn hf. Austurstræti 11, 155 Reykjavík or from our website www.axa-im.de

Liability Note

Non-liability of AXA IM for usage of the Website

Users are solely responsible for any consequences of access to this website and use of any content found herein.

As a consequence, neither AXA IM, nor any of its affiliates, directors, officers or employees can be held responsible for any direct or indirect damage arising out of or in connection with such access or use, in particular but not limited to any damage caused by the interruption, withdrawal or malfunctions of the Website, in particular in the event of maintenance or restoration of the servers, a technical fault of the servers, overloading of the network, a cut in the telephone line, error, negligence or fault of the internet access providers, of a third party or of clients, or an internet-borne virus.

In addition, users of this Website agree that the Internet is not a secure medium for communication of information and that AXA IM will not be responsible for any loss or damage that could result from interception by third parties of any information made available through this Website.

Despite a careful content check we assume no liability for the content of external links. Solely the respective operators are responsible for the content of the linked webpages.

Editor: AXA Investment Managers Deutschland GmbH, As of August 2022

Imprint

AXA Investment Managers Deutschland GmbH
Registered office of the company: Thurn-und-Taxis-Platz 6, 60313 Frankfurt am Main, Germany

Managing directors

  • Gerald W. Springer
  • Dr. Ulf Bachmann
  • Philippe Grasser
  • Achim Stranz

Supervisory board

  • Jean-Christoph Ménioux (chairman)
  • Dr. Christian Wrede
  • Isabelle Scemama

Registered office of the company:

Registered office of the company: Thurn-und-Taxis-Platz 6, 60313 Frankfurt am Main; Local Court Frankfurt am Main, HRB 116121

VAT identifikation number according to § 27 a of the German Value Added Tax Act: DE 122787001

Competent Supervisory Authority: Federal Financial Supervisory Authority (Area of Securities and Asset Management Supervision)

Representative office of AXA Investment Managers Group in Sweden

The representative office of AXA IM in Sweden can be contacted as follows:

  • by mail: Biblioteksgatan 11 PO Box 7745 · 10395 Stockholm
  • by phone: +46 8 402 7561
  • by e-mail: webmasters@axa-im.com

General information on data processing

Anonymous information retrieval

In principle you can visit the Website of AXA Investment Managers Deutschland GmbH (hereinafter “AXA Investment Managers”) without telling us who you are. You will stay anonymous as an individual user. A reference to your person can’t be established without the support of your internet provider.

General information on data processing

1. Scope of processing of personal data

We process personal data of our users only if this is necessary for the provision of a functioning Website as well as our content and services. The processing of personal data of our users takes place regularly only with the consent of the user. An exception applies in cases where prior consent is not possible for actual reasons and the processing of the data is permitted by legal regulations.

2. Legal basis for the processing of personal data

In so far as we obtain the consent of the data subject for the processing of personal data, art. 6 para. 1 lit. a Basic EU General Data Protection Regulation (GDPR) as the legal basis.

The processing of personal data necessary for the performance of a contract to which the data subject is a party serves the purpose of art. 6 (1) (b) GDPR as legal basis. This shall also apply to processing operations necessary for the implementation of pre contractual measures.

To the extent that the processing of personal data is necessary to fulfil a legal obligation to which our company is subject, art. 6 (1) (c) GDPR as legal basis.

In the event that the vital interests of the data subject or another natural person require the processing of personal data, art. 6 (1) (d) GDPR as legal basis.

If processing is necessary to safeguard a legitimate interest of our company or a third party and the interests, fundamental rights and fundamental freedoms of the person concerned do not outweigh the former interest, then art. 6 (1) (f) GDPR as the legal basis for processing.

3. Data deletion and storage time

The personal data of the data subject shall be deleted or blocked as soon as the purpose of storage ceases to apply. It may also be stored if this is provided for by the European or national legislator in Union regulations, laws or other regulations to which the person responsible is subject. The data shall also be blocked or deleted when a storage period prescribed by the above-mentioned standards expires, unless there is a necessity for further storage of the data for conclusion of a contract or fulfilment of a contract.

4. AXA Group

The AXA Group has adopted a binding corporate policy (Binding Corporate Rules) approved by European regulators worldwide, which is the basis for data processing in the Group and data transfers within the AXA Group worldwide. You can request a copy of the Binding Corporate Rules at the following e mail address: dedatenschutz@axa-im.com.

This ensures a consistently high level of data protection, including with respect to data processing by AXA companies based outside the EU.

5. Rights of the data subject

If our companies have processed data for you, you have the following rights:

  • Information, in particular data stored by the person responsible and their processing purposes (Art. 15 EU GDPR)
  • Correction of incorrect or completion of incomplete data (Art. 16 EU GDPR)
  • Erasure, such as unlawfully processed or no longer required data (Art. 17 EU GDPR)
  • Restriction of processing (Art. 18 EU GDPR)
  • Opposition to processing, in particular if it is carried out in order to protect the legitimate interests of the data controller (Art. 21 EU GDPR); and
  • Data transmission, if the processing is based on consent or to implement a contract or using automated procedures (Art. 20 EU GDPR)

To the extent that processing is based on your consent (Art. 6 para. 1 lit. a or Art. 9 para. 2 lit. a), you have the right to revoke your consent at any time. This does not affect the legality of the processing carried out based on consent until your revocation.

 You also could address complaints to our data protection officer (dedatenschutz@axa-im.com) or the relevant supervisory authorities.

6. Provision of Website and preparation of log files

Every time we call up our Website, our system automatically collects data and information from the computer system of the calling computer.

The following data shall be collected:

  • Information about the browser type and version used
  • The user's operating system
  • The user's Internet service provider
  • The user's IP address
  • Date and time of access
  • Websites from which the user's system reaches our Website
  • Websites accessed by the user's system through our Website

The legal basis for the temporary storage of data, log files and IP address is art. 6 para. 1 (F) GDPR. The temporary storage of the IP address by the system is necessary to enable the Website to be delivered to the user's computer. To do so, the user's IP address must remain stored for the duration of the session.

The data shall be deleted as soon as they are no longer necessary for the purpose of their collection. In the event of the data being collected to provide the Website, this will be the case when the relevant session is closed.

The collection of data for the provision of the Website and the storage of data in log files is absolutely necessary for the operation of the Website. There is therefore no possibility of objection on the part of the user.

7. Use of Cookies by AXA Investment Managers

Our Website uses cookies. Cookies are text files stored in the Internet browser or the Internet browser on the user's computer system. If a user calls a Website, a cookie can be stored on the user's operating system. This cookie contains a characteristic string that allows the browser to be uniquely identified when reopening the Website.

We use cookies to store certain anonymous information when you visit our Website (e.g. to measure and analyse information relating to visits to our Website and the use of our social media sharing tool).

We allow third party companies, including, but not limited to: Linkedin, AddThis and Google Analytics to collect certain anonymous information when you visit our Website. This unidentifiable information is stored for up to 1 year. We use this information to increase the efficiency of our Website. For this purpose, we use your IP address (and possibly other comparable identifications exchanged between computers during normal Internet use) to store, among other things, traffic data and data relating to your browser type and computer.

These companies may use non personally identifiable information during your visits to this and other Websites to provide advertising for goods and services that may be of greater interest to you. These companies typically use a third-party cookie or web beacon to collect this information. To learn more about this behavioural practice, visit http://www.youronlinechoices.eu.

User data collected in this way shall be pseudonymised by technical precautions. Therefore, it is no longer possible to assign the data to the calling user. The data will not be stored together with other personal data of the users. The legal basis for the processing of personal data using technically necessary cookies is art. 6 para. 1 lit. f GDPR.

When calling our Website, the user is informed about the use of cookies for analysis purposes and his consent to the processing of personal data used in this context is obtained. In this context, reference is also made to this Privacy Statement. The legal basis for the processing of personal data using cookies for analysis purposes shall be art. 6 para. 1 lit. a GDPR.

Cookies are stored on the user's computer and sent by the user to our site. Therefore, as a user, you also have full control over the use of cookies. By changing the settings in your Internet browser, you can disable or restrict the transmission of cookies. Previously saved cookies can be deleted at any time. This can also be done automatically. If cookies are disabled for our Website, it may not be possible to fully use all functions of the Website.

For more information on cookies, visit www.allaboutcookies.org.

8. Email contact

Contact can be made via the e mail address provided. In this case, the personal data of the user transmitted with the e mail will be stored.

In this context, the data will not be passed on to third parties. The data will only be used to process the conversation.

The legal basis for the processing of data transmitted in the course of sending an e mail is Art. 6 para. 1 lit. f GDPR. If the e mail contact is aimed at the conclusion of a contract, there is an additional legal basis for processing. 6 para. 1 lit. b GDPR.

In the event that contact is made by e mail, this also gives rise to the necessary legitimate interest in the processing of the data.

The data shall be deleted as soon as they are no longer necessary for the purpose of their collection. For personal data from the contact form entry screen and those sent by email, this is the case when the respective conversation with the user has ended. The conversation is terminated if it can be inferred from the circumstances that the matter in question has been finally resolved.

If the user makes contact with us by e mail, he can object to the storage of his personal data at any time. In such a case, the conversation cannot be continued.

The revocation is made via e mail to the data protection officer: dedatenschutz@axa-im.com

All personal data stored in the course of contact will be deleted in this case.

9. Responsible

The responsible person within the meaning of the Basic Data Protection Regulation and other national data protection laws of the member states as well as other data protection provisions is:

AXA Investment Managers Deutschland GmbH
Thurn und Taxis Platz 6
60313 Frankfurt am Main

Should you have any questions about data protection at AXA Investment Managers, our corporate data protection officer is available at the following address:

AXA Investment Manager Deutschland GmbH
Data protection officer
Thurn und Taxis Platz 6
60313 Frankfurt am Main

E mail: dedatenschutz@axa-im.com (unencrypted)