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Terms and conditions

You are connected to the site (the “Site”) owned and managed by HSBC Asset Management (France), portfolio management company authorised and regulated by the Autorité des Marchés Financiers (n ° GP99026), registered in the Nanterre Trade and Companies Register (RCS) under number 421 345 489 and registered office 38 avenue Kléber 75116 PARIS - Adresse d'accueil : Immeuble Coeur Défense 110, esplanade du Général Charles de Gaulle.

By accessing the Site, you agree to be bound by the following terms and conditions (the 'Terms'). Before using this Site, you should read carefully the Terms and our Privacy and Cookies Policy.

In this Site reference to

  • 'you', 'your' and 'yours' means you, the person(s) accessing this Site and the party on whose behalf you are doing so.
  • 'we', 'us' and 'our' means HSBC Asset Management (France).
  • 'HSBC Group' means HSBC Holdings plc, its subsidiaries and associated companies from time to time.
  • Content' means all pages, screens, information and materials included in or accessible through this Site.

Access and restriction

The funds of the HSBC Group are not offered nor intended for residents of countries where: (a) the distribution is not authorized or permitted or contrary to the applicable regulations, (b) the dissemination of information via internet is prohibited. No 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.

In particular, this Site is intended for investors resident in Italy and contains information on the funds (undertakings for collective investment in transferable securities) of the HSBC Group falling within the scope of UCITS Directive authorised to the marketing of their shares/units in Italy (hereafter the "Funds”).

No offer

Information or opinions contained on this Site do not constitute an offer to sell or to buy, any securities or financial instruments or investment advice or recommendation in respect of such securities or other financial instruments.

The Funds described on this Site may not be available and/or suitable to all investors. Before you make any decision or take any action that might affect you or your personal finances or business, it is strongly recommended that you consult a suitably qualified professional adviser to obtain appropriate financial, legal, accounting, tax and other advice to ensure that the Funds meets your investment objectives and risk profile.

Any investment in the Funds shall only be made on the basis of the offering documents from time to time in force (prospectus, KIID, managing regulation or Articles of Association etc., hereinafter the “Offering Documents”).

Potential investors should refer to the prospectus for the analysis of general risk and the KIID for the analysis of specific risk.


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 an indication of future performance. The value and any income arising from any investment in a Fund may go down as well as up. In particular you may not get back the full amount invested. Where overseas securities are held the rate of currency exchange may cause the value of the investment to go up as well as down.

No guarantee and exclusion of liability

HSBC Asset Management (France) makes every reasonable effort to ensure that the Content of the Site is always accurate, complete and up to date. However, HSBC Asset Management (France) does not guarantee that any information contained on the Site will be accurate, complete and up to date. As a consequence, HSBC Asset Management (France) and the companies of the HSBC Group decline all responsibility for:

  • any inaccuracy or omission concerning the Content of the Site.
  • any damage and/or loss, direct or indirect, arising from the use of the Site by the user or its malfunction.

By accessing the Site, the user acknowledges and accepts that the Content of the Site cannot be considered as exhaustive information on the Funds and in no way replaces the information contained in the Offering Documents which is recommended to be carefully read.

Your obligations

It is your sole responsibility adequately to

  • protect and back up your data and equipment,
  • undertake reasonable and appropriate precautions against any computer virus or other destructive materials or elements, and
  • ensure that your computers and your access to this Site are adequately secured against any unauthorised users.

Third party sites

Links to third party sites - 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 websites or pages of third parties linked to or from this Site. Following links to any websites or pages of third parties shall be at your own risk. We shall not be responsible or liable for any damages or in any other way in connection with such linking of those websites or pages.

Downloads from third party sites - links to third party downloadable software sites are for convenience only and we are not responsible nor are we liable for any difficulties or consequences associated with downloading that software. You are responsible for obtaining all necessary authorisations to use such software and we give no implied licence or warranty in relation to the obtaining of or use of such software whatsoever.

Links to our Site

Neither you nor any other party may use any part of this Site on any other website, or link any other website to this Site, without our prior written permission.

We are not responsible for the setup of any link from a third-party website to our Site.

Intellectual property rights

The Content of this Site is the property of HSBC Asset Management (France) unless otherwise stated and is protected by copyright, trademark and/or other intellectual property right or other right owned by HSBC Asset Management. You may print, copy, download and temporarily store extracts from this Site and its Contents solely for your personal use. Any total or partial reproduction of trademarks, logos, drawings, graphics, texts and analyzes on the Site, any communication or making available to third parties, or the use for a purpose other than private is strictly prohibited without prior written consent from HSBC Asset Management (France).

Internet and e-mail communications

Messages sent over the Internet (including e-mail) cannot be guaranteed to be completely secure as they are subject to possible interception, monitoring, delay, loss or alteration.

Neither we nor any other member of the HSBC Group are responsible for any such messages nor liable to you or anyone else for any damages or otherwise in connection with any messages sent by you to us or any other party or any messages sent or appearing to be sent by us or any third party to you over the Internet (including e-mail).

Our monitoring of communications

To help us improve our service and in the interest of security, we may monitor and/or record communications (whether over the Internet, telephone or otherwise) between you and us. All recordings are our sole property.

Data protection and privacy

We are committed to protecting your privacy. All information gathered from you in connection with your use of the Site or any local site will be maintained in accordance with the applicable privacy policies disclosed for this Site (see our Privacy Policy) or any of the local sites.


We use cookies to make our Site more secure and easier to use. Cookies are small text files that are sent to and stored on your computer, smartphone or other device for accessing the internet, whenever you visit a website. Please read our Cookie Policy to find out more information on how we use cookies on this Site.


This Site is not intended to be used by minors.

Governing law

These Terms are governed by and are to be interpreted in accordance with the laws of Italy.

The court of your place of residence will have exclusive jurisdiction in respect of any dispute which may arise in connection with the Terms or your use of this Site.

Your queries

If you have any queries please contact:

HSBC Asset Management (France) Italian Branch

Via Mike Bongiorno 13 – 20124 Milan, Italy.