Important Information
The content of this website is primarily for Professional (aka Qualified, Institutional) Investors. If you are a Private Investor, you should ensure that you selected the correct investor category when you entered this site, as failure to do so may result in you accessing material about investment funds and investment services which may not be suitable for you and/or may not be available for you to invest in. The information provided herein is also intended for Users in territories where it is permissible for Users to access information. Users are solely responsible for verifying that they are legally authorized to consult the information herein. Users should therefore ensure that the access profile which has been entered for this web site by them is correct.
Use of Cookies
What is a cookie?
SYZ Asset Management uses cookies for statistical purposes, security, as a tool for our web developers and to improve the user experience. Cookies are text files which are placed and stored on any device used to browse the internet when you visit a website. They are stored for a limited time and allow you to be identified. Some are vital to the website's navigation and security, while others make it possible to customise page contents based on certain criteria, such as your areas of interest, where you live, etc.
The cookies we use:
There are numerous types of cookies, each with their own specific purpose. Below you will find the categories and functions of the cookies we use.
- Functional cookies: These cookies are required to access certain parts of the website or improve your browsing experience. We store them for a period of three weeks.
- Statistical cookies: These are cookies that enable us to collect information on the performance of our website such as the number of visitors and pages visited. We store them for the duration of the session or the day.
- Social network cookies: The website includes several third-party cookies which enable users to interact with other networks.
You can share information from our website on the following social networks: 'LinkedIn', 'Facebook', 'Twitter', 'Pinterest', 'YouTube', and 'Google+'.
Managing cookies
In accordance with applicable regulations, website users may restrict or refuse the installation of cookies on their device via their browser settings. Please note that cookies make it possible to improve the browsing experience on our website and your browser settings may prevent you from accessing certain areas and/or functions of the website.
Below you will find the procedure to follow, depending on your browser:
Limited Access
This web site may contain information about funds established in different jurisdictions and/or investment services offered too. Please consult the specific sections and material to obtain more information. Access to the site is prohibited to any person who comes under a jurisdiction (in particular on account of his/her domicile or nationality and in certain cases on account of investor category) whose applicable laws and/or regulations prohibit the publication and/or provision of the web site. Persons who are not authorized to access this site or its content due to their local regulations are requested to leave the site.
Tax Treatment
Tax treatment depends entirely on the financial situation of each investor and may be subject to change. It is recommended that investors obtain the appropriate expert advice before taking any investment decisions. The value of the units referred to may fluctuate and investors may not recoup all or part of their original investment. Investors should consult the Fund Prospectus for further details on the risks involved.
Disclosure in respect of SYZ Asset Management
The content of this market update is provided solely for information purposes and constitutes neither a solicitation nor recommendation to buy or sell. An investment in Syz AM (CH) involves risks described in the Prospectus. Performance data, other figures and information have been computed based on information from fund administrators or obtained from sources deemed reliable and trustworthy. Although they are believed to be accurate at the time they are provided, no guarantee of completeness, timeliness or accuracy is being made by SYZ Asset Management. If gross performance is provided, it does not include inter alia management, performance, administrative, custody and audit fees, and performance (gross or net) in no case includes commissions and expenses charged when issuing and redeeming units. Past performance is not a guide to the future, and the value of investments can fall over time as well as rise. Always consider taking independent investment advice from a person properly authorised and regulated prior to investing. Syz AM (CH) is a contractual fund of the type of “securities funds” according to the Swiss Federal Act on Collective Investment Schemes (Collective Investment Schemes Act, CISA). The fund documents can be obtained from the Fund Management Company.
Legal restrictions at local level
The data featured on this web site is presented on the date indicated therein, respectively on the date the data are first made available on the web site. Neither SYZ nor the Fund gives any guarantee, whether expressed or implied, as to the accuracy, reliability or completeness of the information provided on this web site and expressly rejects any guarantee concerning the adequacy of the web site for a given use. The information contained on this site is obtained from what are deemed to be reputable and reliable sources, but its accuracy cannot be guaranteed.
Legal restrictions at local level
The funds presented on this web site are not authorized for distribution in all countries, and all sub-funds, classes of shares and, where applicable, categories of shares are not systematically registered in all jurisdictions and may not be available to all investors by virtue of their status. The information contained in the present web site is not intended for distribution to, or use by, natural or legal persons that are nationals of a country or subject to a jurisdiction of which the laws or regulations would prohibit such distribution or would require SYZ Asset Management or SYZ Group to be accredited in said jurisdictions. Access to information contained on the web site will not be authorized to any person subject to restrictions. Persons governed by a country where these investments are forbidden are requested to exit the web site.
Protection of Personal Data
SYZ Asset Management attaches great importance to protecting your data. By continuing to use this site or by contacting us, you expressly agree to our data processing policy.
For any information about the type of data collected, the reason and purpose for its collection, the method of processing, the persons to whom the data may be transferred and security measures in place to protect it, please see our policy on personal data protection: https://www.syzassetmanagement.com/en/personal-data-protection
Use of links
This web site may direct you to automatic links to other web sites. Use of these links is made at your own risk. SYZ and the Fund will not have developed, verified the accuracy or scrutinised the data contained in the aforementioned links. SYZ and the Fund may not be held responsible for damage or losses caused by delays, defects or omissions that may exist in the real, indicated or indirect services, information or other content provided on this site. SYZ and the Fund give no guarantee, makes no declaration and will not be held responsible for any content transmitted by electronic means to a third party, including the accuracy, subject, quality or the appropriate character of said content.
Investment risk
Investors are reminded that past performance is not an indicator of future returns, nor does it guarantee future profits, and that they risk, in some cases, losing all or part of the amount initially invested. An investment may increase or decrease by virtue, in particular, of market fluctuations and exchange rate variations in the currency in which the Sub-fund is invested where this differs from the currency of the shareholder.
No Offer
The provision of information or data contained in the present document does not in any way constitute an offer or a recommendation to buy or sell shares in the Fund’s units. Furthermore, any reference to a specific security in any document is included by way of illustrative example and should not be construed as a recommendation to purchase, hold or sell such a security nor does it in any manner constitute the provision of investment advice in relation to same
Material interests
It is possible that companies linked to the Fund or their directors, managers or personnel hold or have held interests or positions in the securities mentioned on this web site or may have negotiated or acted as “market maker” for these securities. Moreover, these entities or persons may maintain – or have maintained – a relationship with the directors of the companies issuing the aforementioned securities, provide – or have provided – to these last financial or other services, or further may act or have acted as directors in the companies in question.
Taxation
The tax treatment depends upon the personal situation of each investor and may be subject to modification. Before taking any investment decision whatsoever, all investors are recommended to seek specific advice from a professional in the sector.
Copyrights and Trademarks
SYZ and the Fund hold the copyrights to all the works appearing on this web site, in particular, the images, text, iconographic representations and documents which may be downloaded from this web site. Reproduction and use of all or part of this web site, by whatever means, is strictly prohibited without the prior written consent of SYZ and the Fund.
Pages and/or sections of the web site may however be downloaded or printed on paper in the sole context of a strictly personal use, subject to the annotations relating to copyrights or intellectual property rights not being deleted. Downloading or all other form of copying information provided on this web site does not grant any right to the information. This web site may not be reproduced (in whole or in part), transmitted (by electronic or other means), modified or used for public or commercial purposes, and links to this site may not be created without the prior written consent of SYZ and/or the Fund . The names of SYZ companies and funds, in addition to the logos associated with them, constitute registered trademarks. You may not reproduce, delete, re-use or modify in any way whatsoever the distinctive signs featured on the pages of this Internet site.
Prohibition on the practices of “late trading” or “market timing”
The funds described apply a policy of subscriptions, conversion and redemptions by forward pricing. Practices such as “late trading” and “market timing” are not authorized and SYZ and the Fund reserves the right to refuse subscription and conversion orders from an investor who is suspected of practicing this type of behaviour and, where applicable, to take the measures necessary in order to protect the Funds’ shareholders. The term “late trading” means the acceptance of a subscription, switching or redemption order received after the closure cut-off time scheduled for the acceptance of orders on the relevant transaction day and its execution at the price based on the net asset value applicable on that same day. The practice of “market timing” consists of a form of arbitrage by which an investor systematically subscribes to, redeems or converts shares of a fund within a short lapse of time, using the discrepancies between time zones or imperfections or failures in the systems for calculating the net asset value of the Fund. The practice of “market timing” can interfere with the management of investment portfolios and affect the performance of a fund. Subscription, conversion or redemption orders received after the closure cut-off time scheduled for the acceptance of orders on the relevant transaction day will be rejected.
By clicking on the “Accept” button, visitors to this web site expressly acknowledge that they have read this warning and that they are authorized by the applicable law to access this web site”.
Research costs
We have taken the decision to absorb the third-party research costs across all our internally-managed funds as of the 1st of January 2018. This decision will be applicable not only to internally managed funds that are subject to MiFID II regulations, but all internally-managed funds and portfolios. While the new MiFID II rules allow for investment managers to choose between passing research costs on to investors in a transparent manner or absorbing them, SYZ Asset Management has taken the decision to do the latter. Research has always been at the heart our investment process and we have taken steps to ensure that our investment teams will continue to receive the full breadth of research support they need to maintain our track record of delivering attractive risk-adjusted returns.