You should consult legal disclaimer on the TWENTY FIRST CAPITAL website (only in French).

Information on this page may not be up-to-date

The information presented in this Website is for informational purposes only and is not an invitation to invest in the asset management company funds. The funds presented on the Website are registered with and regulated by the French regulator, Autorité des Marchés Financiers (“AMF”).

The information herein has been prepared by the asset management company and compiles general information and statistical historical data from public source.

No Information contained within this Website shall create a warranty of future performance. This information is subject to different interpretations. Moreover, the price of investments can go down as well as up and may be affected by changes in market conditions. Past performance is not a guarantee of future performance, and performance is not constant over time.

No information displayed on this Website should be construed as investment advice on behalf of the asset management company . The information herein constitutes neither a recommendation to buy or sell any securities or financial instruments, nor subscribe to any investment management advisory service.

Except where stated otherwise, the information content and services on this Website are provided by the asset management company as at the date indicated on the relevant material. The information is assembled by the asset management company and the investment policy introduced herein is not exclusive. The asset management company reserves the right to use any method the asset management company considers appropriate. Copyright in the information is owned by the asset management company .

If you use the information, you do so at your own risk. This information does not take into account of the investment objectives, financial situation and particular needs of any investor.

Before making any investment decision, your need to bear in mind that all investment is subject to risk. Any investor needs to consider the terms and conditions provided by the asset management company in accordance with the services and/or investments presented in this Website.

Moreover, prospective investor should inform themselves as to applicable legal requirements, exchange control regulations and taxes in the countries of their citizenship, residence or domicile. Subscriptions for interests in funds managed by the asset management company are to be made on the terms of the relevant prospectus registered with the “AMF” and no reliance should be placed on the information contained herein.

The information contained on this Website is subject to updating and verification and may be subject to amendment. No representation or warranty, expressed as to the accuracy of the information contained in this document and no liability is given by the asset management company funds’ auditor as to the accuracy of the information contained in this Website and no liability is accepted for any such information. As stipulated in article 314-76 of the General AMF Ruling, prospective Investors and clients may receive upon request detailed information on remunerations related to the marketing of the Funds shown in this website.


The information contained in this website is intended for investors outside the United States and does not constitute an offer or solicitation and may not be treated as an offer or solicitation:
  • In any jurisdiction where such an offer or solicitation is against the law.
  • To anyone to whom it is unlawful to make such an offer or solicitation.
  • If the person making the offer or solicitation is not qualified to do so.

This site is NOT intended for distribution or use by citizens or residents of the United States or by any U.S. person, as this term is defined in SEC Regulation S under the U.S. Securities Act of 1933. No investment may be offered or sold to U.S. persons nor in any other country, state or jurisdictions where it would be unlawful to offer, solicit an offer or such investments. This restriction also applies to U.S. persons who may view or access this site while travelling or living outside of the United States. The investment products described on this site are not registered under / compliant with the U.S. federal securities laws or U.S. State laws and may not be directly or indirectly offered or sold in the United States or any of its territories or possessions or areas subject to its jurisdiction or for the benefit of a U.S. person (as used for U.S. regulatory purposes; Part 230 - 17 CFR 230.903)
(available at [http://www.sec.gov/about/laws/secrulesregs.htm ] - current as of 12/10/2012).


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