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INVESTMENT INFORMATION

The information on this section of the website (hereinafter referred to as the “Website”) does not constitute an offer or solicitation.

GaveKal Capital Limited reserve the right to deny you access to the Website, or immediately suspend or terminate your access to the Website.

GaveKal Multi-Fund PLC (the “Fund”) is an open-ended umbrella unit trust established as an undertaking for collective investment in transferable securities pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) regulations, 2003 (as amended). The Fund is authorised as a UCITS scheme and has been recognised in France. The Fund is subject to legal and regulatory requirements in applicable jurisdictions and is not available in all jurisdictions.

RISK FACTORS AND OTHER INFORMATION

Past performance may not be repeated and should not be seen as a guide to future performance. The value of the funds and the income therefrom may go down as well as up and investors may not get back the original amount invested. Your capital could be at risk. You are not certain to make money from your investments and you may lose money. Exchange rates may cause the value of overseas investments and the income therefrom to rise and fall.

The levels and bases of and reliefs from taxation may change. Any tax reliefs referred to are those currently available and their value depends on the circumstances of the individual investor. Investors should consult their own tax adviser in order to understand any applicable tax consequences.

Nothing contained on the Website constitutes investment, legal, tax or other advice, nor is it to be relied upon when making investment or other decisions. The information on the Website is provided solely on the basis that you make your own investment decisions. You should obtain relevant and specific professional advice before making any decision to enter into an investment transaction.

COPYRIGHT AND OTHER RIGHTS

The copyright, trademarks and all similar rights of this Website and the contents, including all information, graphics, code, text and design, are owned by GaveKal Capital. Information contained on this website must not be reproduced, copied or redistributed in whole or in part.

LIMITATION OF LIABILITY AND INDEMNITY

GaveKal Capital does not warrant the accuracy, adequacy or completeness of the information and data contained herein and expressly disclaims liability for errors or omissions in this information and data. No warranty of any kind, implied, expressed or statutory, is given in conjunction with the information and data. GaveKal Capital accepts no liability for any loss or damage arising out of the use or misuse of or reliance on the information provided including, without limitation, any loss of profits or any other damage, direct or consequential.

You agree to indemnify and hold harmless GaveKal Capital and her affiliates, and the partners and employees of GaveKal Capital and their affiliates from and against any and all liabilities, claims, damages, losses or expenses, including legal fees and expenses, (together, “Losses”) arising out of your access to or use of this website, save to the extent that such Losses may not be excluded pursuant to relevant law or regulation.

Any opinions contained in this website may be changed after issue at any time without notice.

WEBSITE TERMS OF USE

Your use of:

(a) the Website;

(b) any GaveKal Capital content that is accessed by a hyperlink from any non-GaveKal Capital website, platform, service and/or system that is linkable to or from the Website (collectively or separately, as the context may require); and

(c) any application you may use or download from the Website,

is subject to the Terms of Use located under the heading “Terms of Use” on this website.

The Terms of Use may be amended or supplemented by GaveKal Capital from time-to-time in its sole discretion. During each use of the Website you are responsible for being familiar with, and are bound by, the then current version of the Terms of Use.

  





The information contained herein is provided for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the securities or products mentioned. This document is a private publication intended for private distribution. The value of all investments and any income generated can decrease as well as increase. Performance numbers shown are records of past performance and as such do not guarantee future performance. No representation is made that any one investor achieved any of the results shown herein. This information is subject to change without notice. The securities and products mentioned may not be eligible for sale in some states or countries, nor suitable for all types of investors. GaveKal Capital Limited does not warrant the accuracy, completeness, reliability, fitness for a particular purpose or merchantability of this information, and expressly disclaim liability for errors or omissions in this information and data. GaveKal Capital Limited shall have no liability for the use, misuse, or distribution of this information to unauthorized recipients. This information is issued and approved for professional clients and eligible counterparties located outside the USA by GaveKal Capital Limited.

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

GaveKal Capital Limited is licensed by the Securities and Futures Commission.

GaveKal Capital Limited LLC is licensed by the Securities and Exchange Commission.

(c) Copyright 2010 GaveKal Capital Limited. All rights reserved