Terms & Conditions Agreement


The following are the terms and conditions ("Terms") under which you may use this website ("the Website") which is hosted by Pioneer (as defined below).
Pioneer Global Investments Limited is regulated by the Central Bank of Ireland. Its offices in Ireland are located at 1 George's Quay Plaza, George's Quay, Dublin 2, Ireland and it is registered in Ireland under no. 223421.
Pioneer Funds Distributor, Inc., 60 State Street, Boston, MA 02109, United States of America is a U.S.-registered broker-dealer.
(collectively referred to herein as “Pioneer”)



This Website is also not directed at any person in any jurisdiction where (by reason of that person’s nationality, residence or otherwise) the publication or availability of this Website is prohibited. Persons in respect of whom such prohibitions apply must not access this Website.

This Website contains information covering many different investment funds, managed and registered in many different locations around the world and the content herein is restricted to duly authorised broker/dealers (intermediaries) for informational purposes only. It should not be considered as a solicitation, advice, offer or a recommendation for any security or service in any jurisdiction where such offer, solicitation or recommendation would be unlawful or unauthorised. Pioneer makes no representations that the Website or any contents contained on it are appropriate or available for use in any jurisdiction. This information is not intended to be published or made available to any person in any jurisdiction where doing so would result in contravention of any laws or regulations applicable to the user. In particular, certain funds can be marketed in certain jurisdictions only. The user should ensure that the use of this information and any resulting fund transactions do not contravene any applicable restrictions in this respect. It is the user's responsibility to be informed of and to observe all applicable laws and regulations of any relevant jurisdiction. By accessing this Website, you are representing and warranting that the applicable laws and regulations of your jurisdiction allow you to access the Website; that you will use any information obtained from the Website in accordance with all applicable laws and regulations vis-à-vis third parties including clients and taking the country of residence/domicile of same into consideration; and that you have agreed to all of the additional conditions outlined herein.

Nothing in the Website constitutes investment advice and its content should not be relied upon to make investment decisions or give investment advice. Investors and prospective investors should be advised to ensure that they have obtained appropriate professional advice, including advice as to suitability and as to whether they require any governmental or other consents or need to observe any formalities to enable them to invest in any particular fund, before investing. Funds referred to on this Website may not be suitable for everyone. Investment in funds may have tax consequences and it is important to bear in mind that Pioneer does not provide tax advice. The levels and basis of taxation can change. Investors should consult their own tax adviser in order to understand any applicable tax consequences. Applications to invest in any funds must only be made on the basis of the offering documents relating to the specific fund (e.g. prospectus, investment memorandum or other applicable documentation) and may not be made via this Website. Please instruct your clients to read the relevant offering documents carefully before investing.

Any user distributing information taken from the Website, in whatever form, to any other person, agrees to attach a copy of this page and obtain the agreement of such other person to comply with the terms set forth on this page.

The information contained in the Website in respect of funds domiciled outside the United States is not for distribution and does not constitute an offer to sell or the solicitation of any offer to buy any securities or services in the United States or in any of its territories or possessions subject to its jurisdiction or to or for the benefit of any United States Person. For the purposes of these Terms, a US Person includes but is not limited to a person (including a partnership, corporation, limited liability company or similar entity) that is a citizen or resident of the US or is organized or incorporated under the laws of the United States of America. The non-U.S. funds have not been registered in the United States under the Investment Company Act of 1940 and units or shares of such funds are not registered in the United States under the Securities Act of 1933 of the United States as amended. By contrast, funds domiciled in the United States are registered for sale in the United States only and are not offered outside the United States.

Past performance does not guarantee and is not indicative of future results. There can be no assurances that countries, markets or sectors will perform as expected. Investments involve certain risks, including political and currency risks. Investment return and principal value may go down as well as up and could result in the loss of all capital invested. Certain funds may invest substantially in any one or a combination of (i) emerging market securities, subjecting the fund to higher liquidity, currency, political, regulatory and economic risks; (ii) securities in a single market/sector, which are subject to higher concentration risk than investments with a more diversified portfolio; (iii) small cap companies, which are subject to higher default, liquidity and volatility risk than investment in large cap companies; and (iv) below-investment grade securities, which are subject to higher counter-party/credit, market and liquidity risks than investment grade securities. Such investments may subject a fund’s net asset value to substantial loss. Certain funds may also invest in financial derivative instruments, which may subject the relevant fund to substantial counterparty/credit risk, market risk and liquidity risk and potential substantial loss. Please be aware that currency fluctuations may also affect the value of overseas investments.

Access to the Website:
Pioneer grants you a limited right to use the Website. Your right to use the Website is subject to your agreement to abide by these Terms in their entirety, as well as any other rules, procedures, policies, terms or conditions that govern all or any portion of the Website. At any time and for any reason Pioneer may revoke your right to use all or any portion of the Website. You may not violate or attempt to violate the security of the Website.

Content of the Website:
Whilst Pioneer seeks to ensure that the information on this Website is accurate and up to date, Pioneer does not warrant the adequacy, accuracy, timeliness or completeness of this information and does not accept any liability arising from any inaccuracy or omission in or the use of or reliance on the information on this Website

Further, Pioneer reserves the right to change or amend the information provided at any time and without prior notice.

In view of the above, Pioneer advises you to confirm the accuracy of any information with Pioneer before seeking to rely on such information.

Intellectual Property Rights
Copyrights and all other intellectual property rights subsisting in the Website and each and every piece of information provided on or through the Website is owned by Pioneer or a third party licensor. You may not copy, modify, publish, licence, sell, resell, retransmit or otherwise make the information retrieved from the Website available in any manner or on any media to any third party unless you have obtained our prior written consent.

Availability of Website
Pioneer will endeavour to make the Website available but cannot guarantee that the Website will operate continuously or without interruptions or be error free. You must not attempt to interfere with the proper working of the Website and, in particular, you must not attempt to circumvent security, tamper with, hack into, or otherwise disrupt any computer system, server, website, router or any other internet connected device.

Pioneer reserves the right to correct, improve or change the Website and to suspend access to the Website for maintenance or improvements. The Website may contain typographical errors or inaccuracies and Pioneer does not take responsibility for amending or updating such information.

EU e-Privacy Directive:
This website uses cookies to manage authentication, navigation, and other functions. By using our website, you agree that we can place these types of cookies on your device.

View e-Privacy Directive Documents

The Website is provided on an "as is" basis and neither Pioneer nor any of its information providers, licensors, directors, employees, or agents warrant that their supply of information to users ("the Service") will be uninterrupted or error free nor does Pioneer or any of its information providers, licensors, directors, employees or agents make any warranty as to the results to be obtained from use of the Service.

The Service is distributed without warranties of any kind either express or implied, including but not limited to warranties of title or implied warranties of satisfactory quality or fitness for a particular purpose or otherwise, other than those warranties which are implied by and incapable of exclusion, restriction, or modification under applicable law.

All conditions, warranties or representations, not expressly stated in these Terms are excluded to the fullest extent permissible by law.

You are responsible for ensuring that your computer system meets all relevant technical specifications necessary to use the Website. You also understand that Pioneer cannot and does not guarantee or warrant that any material available on the Website will be free from infection, viruses and/or other code that has contaminating or destructive properties. You are responsible for implementing sufficient procedures and virus checks (including anti-virus and other security checks) to satisfy your particular requirements for the accuracy of data input and output.

Pioneer provides the Service free of charge and therefore neither Pioneer nor anyone else involved in creating, producing or delivering the Service (together the “Service Providers”) shall be liable (in tort, contract or otherwise) for any direct, indirect, incidental, special or consequential damages arising out of use of the Website or Service, or inability to use the Website or Service or out of any breach of any warranty. The Service Providers will not in any way be responsible for any acts or omissions of the user in connection with the Service or inability to use the Service or out of any breach of any warranty. The Service Providers will not in any way be responsible for any selection or retention of, or the acts or omissions of, the user in connection with the Service. The Service Providers are not responsible for any loss or damage that could result from interception of the Services by third parties, theft, operator error or strikes.

If Pioneer is liable in respect of the Website and/or the Service for any reason, its liability shall be limited to €100.

Linked Sites
Pioneer may provide hypertext links to sites on the Internet and Pioneer makes no representations whatsoever about any other site(s) which you may access through this Website or which may link to the Website. When you access any other site you understand that it is independent from the Website and that Pioneer has no control over the content or availability of that site. In addition, a link to any other site does not mean that Pioneer endorses or accepts any responsibility for the content, or the use of, such a site and shall not be liable for any loss or damage caused or alleged to be caused by or in connection with use of or reliance on any such content, goods or services available on or through any such site or resource. Any concerns regarding any external link to any third party site should be directed to that site’s operator.

Risk Statement
You should be aware and make any prospective investors aware of the risks associated with securities investment. Please remember that past performance is not necessarily a guide to the future and does not guarantee and is not indicative of future results.

Telephone Recording
It is Pioneer’s policy to record all telephone calls for business purposes, to carry out your instructions correctly and to help improve the quality of our service and in the interests of security.

Unless otherwise stated, all views expressed are those of Pioneer. These views are subject to change at any time based on market and other conditions and there can be no assurances that countries, markets or sectors will perform as expected.

Pioneer may assign or subcontract any or all of its rights and obligations under these Terms.

Pioneer may alter these Terms from time to time and post the new version on the Website, following which all use of the Website will be governed by that version.

If any provision or term of these Terms shall become or be declared illegal, invalid or unenforceable for any reason whatsoever, such term or provision shall be divisible from them and shall be deemed to be deleted from them.

Notice for Hong Kong
The Pioneer Investments range of funds are not registered for sale in Hong Kong. Broker/dealers (intermediaries) accessing this Website are not authorised to make any information from the Website available to the public in Hong Kong. The content of this Website has not been reviewed or approved by the Hong Kong Securities and Futures Commission.

Notice for the UK
Except where otherwise specifically noted, the funds mentioned on this Website are unregulated collective investment schemes under the UK Financial Services and Markets Act 2000 and therefore do not carry the protection provided by the UK regulatory system. In particular, there is no entitlement to compensation under the Financial Services Compensation Scheme.

In the UK, this Website is directed at professional clients and not at retail clients and it is approved for use by Pioneer Global Investments Limited (London Branch), Portland House, 8th Floor, Bressenden Place, London SW1E 5BH, authorised by the Central Bank of Ireland and regulated by the Central Bank of Ireland and subject to limited regulation by the Financial Conduct Authority. Details about the extent of our regulation by the Financial Conduct Authority (“FCA”) are available from us on request.

By proceeding, you are representing that you have understood and accepted the Terms. You also (i) agree that such information will apply to any subsequent access to this Website by you, and that all such subsequent access will be subject to the disclaimers, risk warnings and other information set out herein and (ii) warrant that no other person will access the Website from the same computer and logon as you are currently using.


Pioneer Investments is a trading name of the Pioneer Global Asset Management S.p.A. group of companies.