Provision on the modification of terms & conditions:

Nordea Investment Funds S.A. (NIFSA) reserves the right to modify these terms and conditions on this website at any time, with immediate effect and without prior notice. If the terms and conditions are amended you will be required to read and accept these terms and conditions again.

Restrictions of Website:

The information on this website should not be accessed by any person or entity in any jurisdiction or country where, by reason of that person’s nationality, residence or otherwise, the publication or availability of this website is prohibited. Persons accessing this website are required to inform themselves about and observe any relevant restrictions. NIFSA does not accept any liability whatsoever for any loss howsoever arising from any use of this website or its respective contents or otherwise arising in connection therewith. NIFSA cannot be held responsible for any damages or losses that occur from transactions and/or services in violation of the relevant rules of the purchaser’s home jurisdiction. This website is in particular exclusively reserved for non-US Persons*. The information in this website is not for distribution to and does not constitute an offer to sell or the solicitation of any offer to buy any securities in the United States of America to or for the benefit of “US Persons.”

* US Persons are generally defined as a natural person, residing in the United States or any entity organized or incorporated under the laws of the United States. US citizens living abroad may also be deemed “US Persons” under certain rules.

Issuer of the website:

This website is issued and operated by Nordea Investment Funds S.A. (NIFSA), 562, rue de Neudorf, P.O. Box 782, L-2017 Luxembourg, which is authorized by the Luxembourg supervisory authority Commission de Surveillance du Secteur Financier in Luxembourg. NIFSA is registered with the commercial register in Luxembourg (Registre de commerce et des sociétés; or “RCS”) under company number B 31619.

MiFID:

Please note that UCITS management companies, which do not provide additional and non-core services within the meaning of article 5(3) of the UCITS Directive in principle are not covered by MiFID rules (EU Directive 2014/65/EU, dated 15 May 2014, on markets in financial instruments and its implementing measures). Therefore does NIFSA not warrant or guarantee that the materials and information contained on this website are compliant with the marketing requirements of the MiFID Directive, except where compelled by local laws and regulations.

Qualification of the website:

This website is considered marketing communication and contains general information about NIFSA, the NIFSA managed funds which are available to your investor type and in your country/jurisdiction and Nordea Asset Management. This website does neither amount to an investment advice nor does it constitute i) a recommendation to invest in any financial product, investment structure or instrument, ii) tax advice, to enter into or unwind any transaction or to participate in any particular trading strategy. This website is not an offer to buy any security. Consequently, the information contained herein will be superseded in its entirety by contractual arrangement in its final form entered into for the purpose of an investment in a NIFSA managed fund. Any investment decision should therefore only be based on the final legal documentation, without limitation and if applicable, contractual arrangement, any relevant prospectus and the latest Key Investor Information Document (KIID) relating to the investment.

Information about the funds and availability of the statutory documents:

The sub-funds mentioned on this website are part of one of the following investment funds:

UCITS-SICAVs:
Nordea 1, SICAV, Nordea 2, SICAV or Nordea Fund of Funds, SICAV, all open-ended Luxembourg-based investment companies with variable capital (“Société d’Investissement à Capital Variable”, “SICAV”), validly incorporated and existing in accordance with Part I of the Luxembourg law of 17 December 2010 on undertakings for collective investment in transferable securities (Law of 17 December 2010);

UCITS-FCPs:
Nordea International Fund or Nordea Asset Allocation Fund, both unincorporated mutual investment funds (“fonds commun de placement”) constituted in Luxembourg and governed by Part I of the Law of 17 December 2010 and organised as described in the respective prospectus;

SICAV-SIF:
Nordea Dedicated Investment Fund SICAV- FIS, Nordea Specialised Investment Fund, SICAV-FIS or Nordea Institutional Investment Fund, SICAV-FIS, all qualifying as specialised investment funds (“fonds d’investissement spécialisés”), taking the form of an investment company with variable capital (“Société d’Investissement à Capital Variable”, “SICAV”) under the Luxembourg law of 13 February 2007 relating to specialized investment funds. Such funds are Alternative Investment Funds within the meaning of the Directive 2011/61/EU (“AIFM Directive”) and therefore subject to the requirements of the AIFM Directive as implemented in Luxembourg law through the Law of 12 July 2013 on Alternative Investment Fund Managers as may be amended from time to time;

The legal documents, including the current prospectus and Key Investor Information Document (KIID), are available in English and in the local language of the market where the aforementioned funds are authorised for distribution, without charge upon request, from Nordea Investment Funds S.A., 562, rue de Neudorf, P.O. Box 782, L-2017 Luxembourg, from the local representatives or information agents, or from our distributors. Further information can be obtained from your financial advisor. He/she can advise you independently on Nordea Investment Funds S.A. and the funds managed by it.

Local specific provisions:

This website is only for professional investors in Luxembourg investing for their own account – according to MiFID definition.

Generic statement about risks, performance and comparisons:

The value of shares/units of the funds mentioned herein and any income from them may vary over time and you may not recover the invested amount.

Investments in derivative and foreign exchange transactions may be subject to significant fluctuations which may affect the value of an investment. Investments in Emerging Markets and alternative products involve a higher element of risk. For further details of investment risks associated with Nordea funds, please refer to the relevant prospectus or Key Investor Information Document (KIID), where applicable, available as described above. For further details of investment risks associated with each respective sub-fund investment, please refer to the relevant Key Investor Information Document (KIID), available as described above.

Estimates of future returns or indications of past performance shown on this website are for information purposes only and are not reliable indicators for future performance. Past performance is not a reliable indicator of future results and investors may not recover the full amount invested. There can be no warranty that an investment objective, targeted returns and results of an investment structure is achieved. Comparison with other financial products or benchmarks is only meant for indicative purposes.

Tax matters:

The levels of and relief from taxation of both, the fund and/or the individual investor may change. Investors should take into account their tax status together with the effects of any anticipated investment. The tax reliefs referred to are those currently available and their value depends on the circumstances of the individual investor. The level of tax benefits and liabilities will depend on individual circumstances and may be subject to change in the future.

Limitation of liability regarding accuracy / completeness of the information:

Whilst NIFSA will use every reasonable effort to ensure that the information contained on this website is accurate as at the date of publication of such materials, can no guarantee of the accuracy, suitability or completeness of any such information or the availability be given.
Neither NIFSA nor any other person accepts any liability whatsoever for any loss/damage (direct or consequential) arising from any use of this website or its contents, to third (3rd) party websites or otherwise arising in connection therewith.

Provision about specific content and functionalities e.g. views / research / hyperlink to third (3rd) party:

The website of NIFSA may contain links to other third-party websites that you may access following links from this website. NIFSA accepts no responsibility for the information provided on any such sites and assumes no responsibility for any illegal, inaccurate or incomplete content on the website to which the user has been referred, especially in cases where any damages result from the use or non-use of such incorrect information.

The hyperlinks on this website are only provided for convenience and information purposes. NIFSA is not responsible for the content of external internet websites that link to or are accessible from this website. NIFSA does not assume any responsibility or liability with respect to any website accessed through this website.

Unless otherwise stated, all views expressed are those of NIFSA, these views do not constitute investment or any other advice.

Copyright provisions:

The entire content of this website is subject to copyright with all rights reserved to Nordea Investment Funds S.A. You may download or print out a hard copy of individual pages and/or sections of the website, provided that you do not remove any copyright or other proprietary notices. Any downloading or otherwise copying from the website will not transfer title to any software or material to you. You may not reproduce (in whole or in part), transmit (by electronic means or otherwise), modify, link into or use for any public or commercial purpose the website without the prior written permission of NIFSA.

AML & CTF provisions:

Nordea Investment Funds S.A. is committed to prevent Money Laundering and Counter Terrorist Financing in accordance with the legal framework enforced by the European Union (“equivalent country”) and in particular with the Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing. Accordingly we may need additional information to verify your identity and carry out appropriate security checks.

Operational capabilities of the website:

NIFSA will use every reasonable effort to keep this website operational at all times but no guarantee can be given. Whilst NIFSA uses every reasonable effort to ensure that the website is free from viruses and defects is it your responsibility to ensure that the correct equipment is used to protect from anything that might damage it when using this website.

Email provisions:

The user of the website is reminded that the confidentiality of e-mail messages sent via the public network cannot be guaranteed. We recommend the user to avoid forwarding personal data or other confidential messages to NIFSA via e-mail. NIFSA or other service providers are not liable to carry out orders or instructions submitted via public e-mail. NIFSA is entitled, if requested by the user, to provide general information via e-mail to the e-mail address defined by the user. NIFSA shall neither be responsible nor liable for losses or damages occurred by any disappearance or transformation of such a message.

Nordea Asset Management* Data Privacy Policy

We, Nordea Asset Management (NAM), are fully committed to protecting your individual rights and keeping your personal data safe. In this Privacy Policy we describe the collection, usage, storage and sharing practices of personal data. Within NAM, the data controller will be either Nordea Investment Management AB (publ) and/or Nordea Investment Funds S.A, their branches, subsidiaries and representative offices.

We process individuals’ personal data for a number of reasons. When we write «you», we mean you as a data subject in your role as a customer, our customer’s employee, a potential customer’s employee,  collaboration partner, insight provider or other relevant party, such as beneficial owner, authorised representative and associated party.

This Privacy Policy covers the following areas:

1. What personal data we collect
2. How we may use your personal data and the lawful basis for doing so
3. Automated decision-making
4. Who we may disclose your personal data to
5. How we protect your personal data
6. Your privacy rights
7. Cookies
8. How long we keep your personal data
9. How changes to this Privacy Policy and the Cookies policy will be made
10. Contacting us or the data protection authority

1. What personal data we collect
Personal data is in most cases either collected directly from you or through a 3rd party acting on your behalf, or generated as part of your use of our services and products. Sometimes additional information is required in order to keep information up to date or in order to verify information we collect.

The personal data we might collect can be grouped into the following categories:

-Identification information: national identification number and name. We are obliged to collect documentation of such information when entering into a contractual relationship, for instance in the form of copies of your passport, driver’s license, or the like.
-Contact information: email address, phone numbers and addresses and other typical business card information. For most this is the only information we collect, process or control.
-Financial information: type of agreement, transaction information, account information.
-Information related to legal requirements: country of taxation or foreign tax payer reference, customer/company due diligence and anti-money laundering requirements.

Personal data we may collect from you:

We may collect and keep information you provide directly to us. For example, when becoming a representative or contact, of a customer or collaboration partner, we collect personal data, such as name, e-mail address and phone number. In some cases also national identification number for verification purposes. For existing private customers (new private customers not allowed anymore) income and debt information has also been collected to be able to provide you with the product or service in question.
We may also collect and keep information which you provide us with, such as messages you have sent us, e.g. feedback or a request in our digital channels. Telephone calls and chat conversations with you may also be recorded and logged for verification of orders, documentation, and for purposes of improving the quality of the services we provide. For security purposes, we may have cameras in our offices.

Personal data that we may collect from third parties:

-Information from publicly available and other external sources; such as in registers held by governmental agencies (such as registers held by tax authorities, company registration offices, enforcement authorities, etc.), sanction lists (held by international organisations such as the EU and UN as well as national organisations such as Office of Foreign Assets Control (OFAC)), registers held by other commercial information providers providing information on e.g. beneficial owners and politically exposed persons.
In connection with payments, we collect information from remitters, banks, payment service providers and others.
-Information from other entities within Nordea Asset Management*, the Nordea Group or other entities which we collaborate with.

2. How we may use your personal data and the lawful basis for doing so
We use your personal data to comply with legal and contractual obligations as well as to provide you with requested information on products and services.

Entering into and administration of service and product agreements (performance of a contract)

The main purpose of our processing of personal data in this regard is to collect, verify, and process personal data prior to giving an offer and entering into a contract with relevant stakeholders as well as documenting, administering and completing tasks for the performance of contracts. Examples of the performance of a contract:

-Processes needed concerning e.g. subscription and redemption of funds
-Customer service during the contract period, e.g. reporting on performance of a product
-Possible establishment, exercise or defense of legal claims and collection procedure, e.g. in cases about potential miss-selling

Fulfillment of requirements and obligations for us stated in laws, regulations or decisions from authorities and supervisors (legal obligation)

In addition to the performance of contract, processing of personal data also takes place in order for us to fulfill obligations under law, regulations or authority decisions. Examples of processing due to legal obligations:

-Know Your Customer requirements
-Preventing, detecting, and investigating money laundering, terrorist financing, and fraud
-Sanctions screening
-Reporting to tax authorities, police authorities, enforcements authorities, supervisory authorities
-Market opening for funds in some emerging market countires
-Other obligations related to service or product specific legislations, for example securities or funds

Marketing, product- and customer analysis (legitimate interest)

Personal data is also processed in the context of business to business marketing. This is to deliver requested information, improve our product range and optimize our customer offerings. Profiling on natural persons for marketing purposes is not currently done in NAM.

Consent
NAM is currently not using this option.

3. Automated decision-making
NAM is not currently using any automated decision making tools.

4. Who we may disclose your personal data to
We may share your personal data with others such as public authorities, NAM entities, Nordea Group companies, suppliers, service or tool providers and business partners. Before sharing we will always ensure that we respect applicable financial industry secrecy obligations.

Third parties and Nordea Group companies

To provide our services, we may disclose data about you that is necessary to identify you and perform an assignment or agreement with companies that we cooperate with (such as custodian bank) in order to perform our services. We may also disclose personal data to authorities to the extent we are under statutory obligation to do so. Such authorities include tax authorities, police authorities, enforcements authorities and supervisory authorities in relevant countries. In addition, data may be disclosed, with your consent or if this is permitted pursuant to legislation, internally in NAM entities or Nordea Group and to external business partners (including correspondent banks, other banks, vendor partners of finance object and re-insurers). We have entered into agreements with selected suppliers, which include processing of personal data on behalf of us. Examples thereof are suppliers of IT development, maintenance, hosting and support.

Third country transfers

In some cases, we may also transfer personal data to organisations in so-called third countries (countries outside of the European Economic Area). Such transfers may be made if any of the following conditions apply;

– the European Commission has decided that there is an adequate level of protection in the country in question,
– other appropriate safeguards have been taken, for example the use of the standard contractual clauses (EU model-clauses) approved by the European Commission or the data processor has valid Binding Corporate Rules (BCR) in place, or
– that there are exceptions in special situations, such as to fulfill a contract with you or your consent to the specific transfer. 

You can access a copy of the relevant EU model-clauses used by Nordea for transfers by going to www.eur-lex.europa.eu and search for 32010D0087.

5. How we protect your personal data
Keeping your personal data safe and secure is at the centre of how we conduct our business. We use appropriate technical, organizational and administrative security measures to protect any information we hold from loss, misuse, and unauthorized access, disclosure, alteration and destruction.

6. Your privacy rights
You as a data subject have rights in respect of personal data we hold concerning you. You have the following rights;

a) request access to your personal data. You have a right to access to the personal data we are procession concerning you. Your right to access may, however, be restricted by legislation, protection of other persons’ privacy and consideration for the Nordea Group’s business concept and business practices. The Nordea Group’s know-how, business secrets as well as internal assessments and material may restrict your right of access.

b) request correction of incorrect or incomplete data. If relevant data is incorrect or incomplete, you are entitled to have the data rectified, subject to any restrictions in legislation.

c) request erasure.
You have the to right request erasure of your data in case;
• you withdraw your consent to the processing and there is no other legitimate reason for processing,
• you object to the processing and there is no justified reason for continuing the processing,
• you object to processing for direct marketing,
• processing is unlawful or
• when processing personal data on minors, if the data was collected in connection with the provision of information society services.
Due to the financial sector legislation we are in many cases obliged to retain personal data concerning you during your customer relationship, and even after that, e.g. to comply with a statutory obligation or where processing is carried out to manage legal claims.

d) limitation of processing of personal data. If you contest the correctness of the data which we have registered about you or lawfulness of processing, or if you have objected to the processing of the data in accordance with your right to object, you may request us to restrict the processing of these data to only storage. The processing will only be restricted to storage, until the correctness of the data can be established, or it can be checked whether our legitimate interests override your interests.
If you are not entitled to erasure of the data which we have registered about you, you may instead request that we restrict the processing of these data to only storage. If the processing of the data which we have registered about you is solely necessary to assert a legal claim, you may also demand that other processing of these data be restricted to storage. We may process your data for other purposes if this is necessary to assert a legal claim or if you have granted your consent to this.

e) object to processing based on our legitimate interest. You can always object to the processing of personal data concerning you for direct marketing and profiling in connection to such marketing.

f) data portability. You have a right to receive personal data that you have provided to us in a machine-readable format. This right applies to personal data processed only by automated means and on the basis consent or of fulfilling a contract. Where secure and technically feasible, we may also transmit the data to another data controller.

Your request to exercise your rights as listed above will be assessed given the circumstances in the individual case.

7. Cookies
A cookie is a small file stored on your computer hard disk. It enables a website to remember a computer accessing this website. In addition, the cookie may contain information on computer user preferences during website visits. We collect, process and analyse data regarding the use of our webpages. Traffic data is data connected to visitors on the webpage and data handled in communication fields for sending, distributing or making messages available. We use cookies and similar technologies to deliver products and services to you, provide a secure online environment, manage our marketing and provide a better online experience, track our website performance and to make our website content more relevant to you. The data will not be used to identify individual visitors. You can set or amend your web browser controls to accept or reject cookies. If you choose to reject cookies, you may still use our websites and some services, however your access to some functionality and areas of our website or services may be restricted substantially. For more information, see cookies at the footer of Nordea.com/am.

8. How long we process your personal data
We will keep your data for as long as it is needed for the purposes for which your data was collected and processed or required by laws and regulations. In case we keep your data for other purposes than for the performance of a contract, such as for anti-money laundering, B2B marketing, bookkeeping and regulatory capital adequacy requirements, we keep the data only if necessary and/or mandated by laws and regulations for the respective purpose. The data retention obligations may differ within NAM, subject to applicable local law.

9. How changes to this Privacy Policy and the Cookies policy will be made
We are constantly working on improving and developing our services, products and websites. Consequently we may change this Data Privacy Policy from time to time. We will not reduce your rights under this Data Privacy Policy or under applicable data protection laws in the jurisdictions we operate, as the case may be. If the changes to the Data Privacy Policy are significant, we will provide a notice when we are required to do so by applicable law. Please review this Data Privacy Policy from time to time to stay updated on any changes.

10. Contacting us or the data protection authority.

If you have any questions or concerns regarding our privacy policy, you can always contact your usual counterpart within Nordea Asset Management (NAM). Also, Nordea Asset Management has appointed a Data Protection Officer that you can contact by sending a message to: namdpo@nordea.com or by sending a letter to: Nordea Asset Management, Data Protection Office, c/o Strandgade 3, PO Box 850, 0900 København K, Denmark. You can also lodge a complaint or contact the data protection authority in any of the countries where we provide services or products to you. 

*Nordea Asset Management is the functional name of the asset management business conducted by the legal entities Nordea Investment Funds S.A. and Nordea Investment Management AB (“the Legal Entities”) and their branches, subsidiaries and representative offices.

Provision on the modification of terms & conditions:

Nordea Investment Funds S.A. (NIFSA) reserves the right to modify these terms and conditions on this website at any time, with immediate effect and without prior notice. If the terms and conditions are amended you will be required to read and accept these terms and conditions again.

Restrictions of Website:

The information on this website should not be accessed by any person or entity in any jurisdiction or country where, by reason of that person’s nationality, residence or otherwise, the publication or availability of this website is prohibited. Persons accessing this website are required to inform themselves about and observe any relevant restrictions. NIFSA does not accept any liability whatsoever for any loss howsoever arising from any use of this website or its respective contents or otherwise arising in connection therewith. NIFSA cannot be held responsible for any damages or losses that occur from transactions and/or services in violation of the relevant rules of the purchaser’s home jurisdiction. This website is in particular exclusively reserved for non-US Persons*. The information in this website is not for distribution to and does not constitute an offer to sell or the solicitation of any offer to buy any securities in the United States of America to or for the benefit of “US Persons.”

* US Persons are generally defined as a natural person, residing in the United States or any entity organized or incorporated under the laws of the United States. US citizens living abroad may also be deemed “US Persons” under certain rules.

Issuer of the website:

This website is issued and operated by Nordea Investment Funds S.A. (NIFSA), 562, rue de Neudorf, P.O. Box 782, L-2017 Luxembourg, which is authorized by the Luxembourg supervisory authority Commission de Surveillance du Secteur Financier in Luxembourg. NIFSA is registered with the commercial register in Luxembourg (Registre de commerce et des sociétés; or “RCS”) under company number B 31619.

MiFID:

Please note that UCITS management companies, which do not provide additional and non-core services within the meaning of article 5(3) of the UCITS Directive in principle are not covered by MiFID rules (EU Directive 2014/65/EU, dated 15 May 2014, on markets in financial instruments and its implementing measures). Therefore does NIFSA not warrant or guarantee that the materials and information contained on this website are compliant with the marketing requirements of the MiFID Directive, except where compelled by local laws and regulations.

Qualification of the website:

This website is considered marketing communication and contains general information about NIFSA, the NIFSA managed funds which are available to your investor type and in your country/jurisdiction and Nordea Asset Management. This website does neither amount to an investment advice nor does it constitute i) a recommendation to invest in any financial product, investment structure or instrument, ii) tax advice, to enter into or unwind any transaction or to participate in any particular trading strategy. This website is not an offer to buy any security. Consequently, the information contained herein will be superseded in its entirety by contractual arrangement in its final form entered into for the purpose of an investment in a NIFSA managed fund. Any investment decision should therefore only be based on the final legal documentation, without limitation and if applicable, contractual arrangement, any relevant prospectus and the latest Key Investor Information Document (KIID) relating to the investment.

Information about the funds and availability of the statutory documents:

The sub-funds mentioned on this website are part of one of the following investment funds:

UCITS-SICAVs:
Nordea 1, SICAV, Nordea 2, SICAV or Nordea Fund of Funds, SICAV, all open-ended Luxembourg-based investment companies with variable capital (“Société d’Investissement à Capital Variable”, “SICAV”), validly incorporated and existing in accordance with Part I of the Luxembourg law of 17 December 2010 on undertakings for collective investment in transferable securities (Law of 17 December 2010);

UCITS-FCPs:
Nordea International Fund or Nordea Asset Allocation Fund, both unincorporated mutual investment funds (“fonds commun de placement”) constituted in Luxembourg and governed by Part I of the Law of 17 December 2010 and organised as described in the respective prospectus;

SICAV-SIF:
Nordea Dedicated Investment Fund SICAV- FIS, Nordea Specialised Investment Fund, SICAV-FIS or Nordea Institutional Investment Fund, SICAV-FIS, all qualifying as specialised investment funds (“fonds d’investissement spécialisés”), taking the form of an investment company with variable capital (“Société d’Investissement à Capital Variable”, “SICAV”) under the Luxembourg law of 13 February 2007 relating to specialized investment funds. Such funds are Alternative Investment Funds within the meaning of the Directive 2011/61/EU (“AIFM Directive”) and therefore subject to the requirements of the AIFM Directive as implemented in Luxembourg law through the Law of 12 July 2013 on Alternative Investment Fund Managers as may be amended from time to time;

The legal documents, including the current prospectus and Key Investor Information Document (KIID), are available in English and in the local language of the market where the aforementioned funds are authorised for distribution, without charge upon request, from Nordea Investment Funds S.A., 562, rue de Neudorf, P.O. Box 782, L-2017 Luxembourg, from the local representatives or information agents, or from our distributors. Further information can be obtained from your financial advisor. He/she can advise you independently on Nordea Investment Funds S.A. and the funds managed by it.

Local specific provisions:

This website is only for professional investors in Luxembourg investing for their own account – according to MiFID definition.

Generic statement about risks, performance and comparisons:

The value of shares/units of the funds mentioned herein and any income from them may vary over time and you may not recover the invested amount.

Investments in derivative and foreign exchange transactions may be subject to significant fluctuations which may affect the value of an investment. Investments in Emerging Markets and alternative products involve a higher element of risk. For further details of investment risks associated with Nordea funds, please refer to the relevant prospectus or Key Investor Information Document (KIID), where applicable, available as described above. For further details of investment risks associated with each respective sub-fund investment, please refer to the relevant Key Investor Information Document (KIID), available as described above.

Estimates of future returns or indications of past performance shown on this website are for information purposes only and are not reliable indicators for future performance. Past performance is not a reliable indicator of future results and investors may not recover the full amount invested. There can be no warranty that an investment objective, targeted returns and results of an investment structure is achieved. Comparison with other financial products or benchmarks is only meant for indicative purposes.

Tax matters:

The levels of and relief from taxation of both, the fund and/or the individual investor may change. Investors should take into account their tax status together with the effects of any anticipated investment. The tax reliefs referred to are those currently available and their value depends on the circumstances of the individual investor. The level of tax benefits and liabilities will depend on individual circumstances and may be subject to change in the future.

Limitation of liability regarding accuracy / completeness of the information:

Whilst NIFSA will use every reasonable effort to ensure that the information contained on this website is accurate as at the date of publication of such materials, can no guarantee of the accuracy, suitability or completeness of any such information or the availability be given.
Neither NIFSA nor any other person accepts any liability whatsoever for any loss/damage (direct or consequential) arising from any use of this website or its contents, to third (3rd) party websites or otherwise arising in connection therewith.

Provision about specific content and functionalities e.g. views / research / hyperlink to third (3rd) party:

The website of NIFSA may contain links to other third-party websites that you may access following links from this website. NIFSA accepts no responsibility for the information provided on any such sites and assumes no responsibility for any illegal, inaccurate or incomplete content on the website to which the user has been referred, especially in cases where any damages result from the use or non-use of such incorrect information.

The hyperlinks on this website are only provided for convenience and information purposes. NIFSA is not responsible for the content of external internet websites that link to or are accessible from this website. NIFSA does not assume any responsibility or liability with respect to any website accessed through this website.

Unless otherwise stated, all views expressed are those of NIFSA, these views do not constitute investment or any other advice.

Copyright provisions:

The entire content of this website is subject to copyright with all rights reserved to Nordea Investment Funds S.A. You may download or print out a hard copy of individual pages and/or sections of the website, provided that you do not remove any copyright or other proprietary notices. Any downloading or otherwise copying from the website will not transfer title to any software or material to you. You may not reproduce (in whole or in part), transmit (by electronic means or otherwise), modify, link into or use for any public or commercial purpose the website without the prior written permission of NIFSA.

AML & CTF provisions:

Nordea Investment Funds S.A. is committed to prevent Money Laundering and Counter Terrorist Financing in accordance with the legal framework enforced by the European Union (“equivalent country”) and in particular with the Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing. Accordingly we may need additional information to verify your identity and carry out appropriate security checks.

Operational capabilities of the website:

NIFSA will use every reasonable effort to keep this website operational at all times but no guarantee can be given. Whilst NIFSA uses every reasonable effort to ensure that the website is free from viruses and defects is it your responsibility to ensure that the correct equipment is used to protect from anything that might damage it when using this website.

Email provisions:

The user of the website is reminded that the confidentiality of e-mail messages sent via the public network cannot be guaranteed. We recommend the user to avoid forwarding personal data or other confidential messages to NIFSA via e-mail. NIFSA or other service providers are not liable to carry out orders or instructions submitted via public e-mail. NIFSA is entitled, if requested by the user, to provide general information via e-mail to the e-mail address defined by the user. NIFSA shall neither be responsible nor liable for losses or damages occurred by any disappearance or transformation of such a message.

Nordea Asset Management* Data Privacy Policy

We, Nordea Asset Management (NAM), are fully committed to protecting your individual rights and keeping your personal data safe. In this Privacy Policy we describe the collection, usage, storage and sharing practices of personal data. Within NAM, the data controller will be either Nordea Investment Management AB (publ) and/or Nordea Investment Funds S.A, their branches, subsidiaries and representative offices.

We process individuals’ personal data for a number of reasons. When we write «you», we mean you as a data subject in your role as a customer, our customer’s employee, a potential customer’s employee,  collaboration partner, insight provider or other relevant party, such as beneficial owner, authorised representative and associated party.

This Privacy Policy covers the following areas:

1. What personal data we collect
2. How we may use your personal data and the lawful basis for doing so
3. Automated decision-making
4. Who we may disclose your personal data to
5. How we protect your personal data
6. Your privacy rights
7. Cookies
8. How long we keep your personal data
9. How changes to this Privacy Policy and the Cookies policy will be made
10. Contacting us or the data protection authority

1. What personal data we collect
Personal data is in most cases either collected directly from you or through a 3rd party acting on your behalf, or generated as part of your use of our services and products. Sometimes additional information is required in order to keep information up to date or in order to verify information we collect.

The personal data we might collect can be grouped into the following categories:

-Identification information: national identification number and name. We are obliged to collect documentation of such information when entering into a contractual relationship, for instance in the form of copies of your passport, driver’s license, or the like.
-Contact information: email address, phone numbers and addresses and other typical business card information. For most this is the only information we collect, process or control.
-Financial information: type of agreement, transaction information, account information.
-Information related to legal requirements: country of taxation or foreign tax payer reference, customer/company due diligence and anti-money laundering requirements.

Personal data we may collect from you:

We may collect and keep information you provide directly to us. For example, when becoming a representative or contact, of a customer or collaboration partner, we collect personal data, such as name, e-mail address and phone number. In some cases also national identification number for verification purposes. For existing private customers (new private customers not allowed anymore) income and debt information has also been collected to be able to provide you with the product or service in question.
We may also collect and keep information which you provide us with, such as messages you have sent us, e.g. feedback or a request in our digital channels. Telephone calls and chat conversations with you may also be recorded and logged for verification of orders, documentation, and for purposes of improving the quality of the services we provide. For security purposes, we may have cameras in our offices.

Personal data that we may collect from third parties:

-Information from publicly available and other external sources; such as in registers held by governmental agencies (such as registers held by tax authorities, company registration offices, enforcement authorities, etc.), sanction lists (held by international organisations such as the EU and UN as well as national organisations such as Office of Foreign Assets Control (OFAC)), registers held by other commercial information providers providing information on e.g. beneficial owners and politically exposed persons.
In connection with payments, we collect information from remitters, banks, payment service providers and others.
-Information from other entities within Nordea Asset Management*, the Nordea Group or other entities which we collaborate with.

2. How we may use your personal data and the lawful basis for doing so
We use your personal data to comply with legal and contractual obligations as well as to provide you with requested information on products and services.

Entering into and administration of service and product agreements (performance of a contract)

The main purpose of our processing of personal data in this regard is to collect, verify, and process personal data prior to giving an offer and entering into a contract with relevant stakeholders as well as documenting, administering and completing tasks for the performance of contracts. Examples of the performance of a contract:

-Processes needed concerning e.g. subscription and redemption of funds
-Customer service during the contract period, e.g. reporting on performance of a product
-Possible establishment, exercise or defense of legal claims and collection procedure, e.g. in cases about potential miss-selling

Fulfillment of requirements and obligations for us stated in laws, regulations or decisions from authorities and supervisors (legal obligation)

In addition to the performance of contract, processing of personal data also takes place in order for us to fulfill obligations under law, regulations or authority decisions. Examples of processing due to legal obligations:

-Know Your Customer requirements
-Preventing, detecting, and investigating money laundering, terrorist financing, and fraud
-Sanctions screening
-Reporting to tax authorities, police authorities, enforcements authorities, supervisory authorities
-Market opening for funds in some emerging market countires
-Other obligations related to service or product specific legislations, for example securities or funds

Marketing, product- and customer analysis (legitimate interest)

Personal data is also processed in the context of business to business marketing. This is to deliver requested information, improve our product range and optimize our customer offerings. Profiling on natural persons for marketing purposes is not currently done in NAM.

Consent
NAM is currently not using this option.

3. Automated decision-making
NAM is not currently using any automated decision making tools.

4. Who we may disclose your personal data to
We may share your personal data with others such as public authorities, NAM entities, Nordea Group companies, suppliers, service or tool providers and business partners. Before sharing we will always ensure that we respect applicable financial industry secrecy obligations.

Third parties and Nordea Group companies

To provide our services, we may disclose data about you that is necessary to identify you and perform an assignment or agreement with companies that we cooperate with (such as custodian bank) in order to perform our services. We may also disclose personal data to authorities to the extent we are under statutory obligation to do so. Such authorities include tax authorities, police authorities, enforcements authorities and supervisory authorities in relevant countries. In addition, data may be disclosed, with your consent or if this is permitted pursuant to legislation, internally in NAM entities or Nordea Group and to external business partners (including correspondent banks, other banks, vendor partners of finance object and re-insurers). We have entered into agreements with selected suppliers, which include processing of personal data on behalf of us. Examples thereof are suppliers of IT development, maintenance, hosting and support.

Third country transfers

In some cases, we may also transfer personal data to organisations in so-called third countries (countries outside of the European Economic Area). Such transfers may be made if any of the following conditions apply;

– the European Commission has decided that there is an adequate level of protection in the country in question,
– other appropriate safeguards have been taken, for example the use of the standard contractual clauses (EU model-clauses) approved by the European Commission or the data processor has valid Binding Corporate Rules (BCR) in place, or
– that there are exceptions in special situations, such as to fulfill a contract with you or your consent to the specific transfer. 

You can access a copy of the relevant EU model-clauses used by Nordea for transfers by going to www.eur-lex.europa.eu and search for 32010D0087.

5. How we protect your personal data
Keeping your personal data safe and secure is at the centre of how we conduct our business. We use appropriate technical, organizational and administrative security measures to protect any information we hold from loss, misuse, and unauthorized access, disclosure, alteration and destruction.

6. Your privacy rights
You as a data subject have rights in respect of personal data we hold concerning you. You have the following rights;

a) request access to your personal data. You have a right to access to the personal data we are procession concerning you. Your right to access may, however, be restricted by legislation, protection of other persons’ privacy and consideration for the Nordea Group’s business concept and business practices. The Nordea Group’s know-how, business secrets as well as internal assessments and material may restrict your right of access.

b) request correction of incorrect or incomplete data. If relevant data is incorrect or incomplete, you are entitled to have the data rectified, subject to any restrictions in legislation.

c) request erasure.
You have the to right request erasure of your data in case;
• you withdraw your consent to the processing and there is no other legitimate reason for processing,
• you object to the processing and there is no justified reason for continuing the processing,
• you object to processing for direct marketing,
• processing is unlawful or
• when processing personal data on minors, if the data was collected in connection with the provision of information society services.
Due to the financial sector legislation we are in many cases obliged to retain personal data concerning you during your customer relationship, and even after that, e.g. to comply with a statutory obligation or where processing is carried out to manage legal claims.

d) limitation of processing of personal data. If you contest the correctness of the data which we have registered about you or lawfulness of processing, or if you have objected to the processing of the data in accordance with your right to object, you may request us to restrict the processing of these data to only storage. The processing will only be restricted to storage, until the correctness of the data can be established, or it can be checked whether our legitimate interests override your interests.
If you are not entitled to erasure of the data which we have registered about you, you may instead request that we restrict the processing of these data to only storage. If the processing of the data which we have registered about you is solely necessary to assert a legal claim, you may also demand that other processing of these data be restricted to storage. We may process your data for other purposes if this is necessary to assert a legal claim or if you have granted your consent to this.

e) object to processing based on our legitimate interest. You can always object to the processing of personal data concerning you for direct marketing and profiling in connection to such marketing.

f) data portability. You have a right to receive personal data that you have provided to us in a machine-readable format. This right applies to personal data processed only by automated means and on the basis consent or of fulfilling a contract. Where secure and technically feasible, we may also transmit the data to another data controller.

Your request to exercise your rights as listed above will be assessed given the circumstances in the individual case.

7. Cookies
A cookie is a small file stored on your computer hard disk. It enables a website to remember a computer accessing this website. In addition, the cookie may contain information on computer user preferences during website visits. We collect, process and analyse data regarding the use of our webpages. Traffic data is data connected to visitors on the webpage and data handled in communication fields for sending, distributing or making messages available. We use cookies and similar technologies to deliver products and services to you, provide a secure online environment, manage our marketing and provide a better online experience, track our website performance and to make our website content more relevant to you. The data will not be used to identify individual visitors. You can set or amend your web browser controls to accept or reject cookies. If you choose to reject cookies, you may still use our websites and some services, however your access to some functionality and areas of our website or services may be restricted substantially. For more information, see cookies at the footer of Nordea.com/am.

8. How long we process your personal data
We will keep your data for as long as it is needed for the purposes for which your data was collected and processed or required by laws and regulations. In case we keep your data for other purposes than for the performance of a contract, such as for anti-money laundering, B2B marketing, bookkeeping and regulatory capital adequacy requirements, we keep the data only if necessary and/or mandated by laws and regulations for the respective purpose. The data retention obligations may differ within NAM, subject to applicable local law.

9. How changes to this Privacy Policy and the Cookies policy will be made
We are constantly working on improving and developing our services, products and websites. Consequently we may change this Data Privacy Policy from time to time. We will not reduce your rights under this Data Privacy Policy or under applicable data protection laws in the jurisdictions we operate, as the case may be. If the changes to the Data Privacy Policy are significant, we will provide a notice when we are required to do so by applicable law. Please review this Data Privacy Policy from time to time to stay updated on any changes.

10. Contacting us or the data protection authority.

If you have any questions or concerns regarding our privacy policy, you can always contact your usual counterpart within Nordea Asset Management (NAM). Also, Nordea Asset Management has appointed a Data Protection Officer that you can contact by sending a message to: namdpo@nordea.com or by sending a letter to: Nordea Asset Management, Data Protection Office, c/o Strandgade 3, PO Box 850, 0900 København K, Denmark. You can also lodge a complaint or contact the data protection authority in any of the countries where we provide services or products to you. 

*Nordea Asset Management is the functional name of the asset management business conducted by the legal entities Nordea Investment Funds S.A. and Nordea Investment Management AB (“the Legal Entities”) and their branches, subsidiaries and representative offices.