EN United States Client Portal About Us Strategies Funds Viewpoints Institute Newsroom Contact Home / Terms And Conditions Terms & Conditions Terms & Conditions 法律和隐私 法律和隱私 ご利用に当たって 법적고지사항 台灣法律和隱私 Terms & Conditions This is the website of Barings LLC and its global subsidiaries (collectively “Barings”).* By using this website you confirm that you have read and agree to the following terms. Please read these terms carefully. If you do not agree to these terms, you may not use this website or access any information contained on it. Intended Audience The contents of this website are targeted at and intended for the use of persons who have self-identified themselves as meeting the relevant criteria set out upon entering the website. If you do not meet these criteria you may not use this website. If you are unsure if you meet the criteria, please seek legal advice before proceeding. No other person or investor, regardless of their domicile, should access or rely upon the information contained in this website. Investment Involves Risks The value of investments and any income generated may go down as well as up and is not guaranteed. Past performance is not a guide to future performance. Different funds and different investments have different levels of risk. Information Contained On The Web Site The information available on this website does not constitute an offer of, or an invitation to apply for or purchase any service, security, investment, fund or product outlined. No information contained on this website constitutes an offer or solicitation for the sale of any security or service in any jurisdiction where we or the security or service are not licensed. Some products or services described in this website may not be available in all jurisdictions. The information available on this website is not, and must not be treated as, investment advice, investment recommendations, or investment research and must not be construed as either projections or predictions. Unless otherwise mentioned, the views contained on this website are those of Barings. These views may no longer be current and may have already been acted upon. Information on the website is provided on an "as is" and "as available" basis and Barings makes no representation or warranty, express or implied, regarding the accuracy, completeness, adequacy, timeliness or suitability of the information. Before making any investment decision, it is recommended that you read, understand and retain the relevant documentation and where appropriate seek independent investment, legal, tax, accounting or other professional advice as appropriate. This site may include forward-looking statements which are based on Barings’ current opinions, expectations and projections. We undertake no obligation to update or revise any forward-looking statements. Actual results could differ materially from those anticipated in the forward-looking statements. Complaints (Applicable to Barings Affiliates In The United Kingdom Only) If you would like to contact us in relation to any service or product you may write to the Complaints Officer, or you can email or phone; contact details are provided below. Any complaint will be handled in accordance with our internal complaints handling procedures. If you are not satisfied with the outcome of the complaint the Financial Ombudsman Service details are also provided below. In relation to any product, fund or service offered by Baring Asset Management, please contact: Telephone: 0207 628 6000 Email address: LdnComplianceMonitoring@barings.com Complaint Officer London Compliance Monitoring Baring Asset Management 20 Old Bailey London EC4M 7BF If you are not satisfied with the outcome of the complaint please contact the Financial Ombudsman Service Financial Ombudsman Service Exchange Tower London E14 9SR Telephone: 0800 023 4567 Email: complaint.info@financial-ombudsman.org.uk Website: www.financial-ombudsman.org.uk Links To Other Websites This website contains links to other websites that we think might be of interest. You acknowledge that by using these links, you may be moving to a website provided by a third party. You confirm that you understand that linked websites and their providers are not controlled by Barings and we are not responsible and accept no liability for the contents of or the proper operation of any linked site. The inclusion of any link does not imply our endorsement. Web Site Usage Disclaimer You understand that the website is provided on an "as is" and "as available" basis and Barings gives no warranties, express, implied that the website will be provided uninterrupted or free from errors or that any identified defect will be corrected; further, no such warranty is given that the website or any information on it, are free from any virus or other malicious, destructive or corrupting code, program or macro. Barings does not warrant the web site or the server (s) that make(s) them available are free of any virus or other harmful elements. Limitation Of Liability Except to the extent prohibited by relevant law, you confirm that Barings shall not be liable to you or any other connected person who accesses the website or any information (whatever that maybe) contained on it for any damages. Including but not limited to, any direct, indirect, incidental, special or consequential damages or damages for loss of profits, good will, business interruption, use, data, equipment or other intangible losses, that result from; 1) the use of or inability to use this website or the information contained on it; 2) the consequence of any decision made or non-action taken by you or by anyone to whom you communicate such information, or for any errors by you in communicating such information; 3) the cost of substitute services; or 4) any other matter relating to the website or information contained on it, whatsoever. Copyright And Trademark The website and the material contained in it are the copyright of Barings and may not be copied, distributed, uploaded, posted, republished, decompiled, disassembled, reverse-engineered or transmitted in any way without the prior, written consent of the appropriate party. You can, however, download material for your personal non-commercial use within the organization in which you work on condition that you do not delete or change any copyright, trademark or other proprietary notice contained in the materials nor alter the way in which they are presented. Modification or use other than as permitted above violates Barings intellectual property rights in the materials. The trademarks, service marks and logo (the "Trademarks") used and displayed on the web site are registered and unregistered trademarks of Barings. Nothing on the web site should be construed as granting any license or right to use any Trademarks displayed. Barings enforces infringements of its intellectual property rights to the extent permitted by the law. Governing Law The agreement between Barings and you relating to your use and browsing of the website is governed by and shall be construed in accordance with English law. These terms and conditions constitute the entire agreement between us relating to your use and browsing of the website and may not be modified unless Barings agrees in writing. Modification We may change these terms from time to time without notice. You must review and remain aware of the contents of these terms each time you use this website. By using this website following any changes to the terms, you are agreeing to accept and be bound by those changes. All information contained in this web site is subject to change without notice. * Barings is the brand name for the asset management or associated businesses of Barings affiliates worldwide. The Barings companies include: Barings LLC (“Barings”), a Delaware limited liability company, has been registered as an investment adviser with the U.S. Securities and Exchange Commission (“SEC”) since November 1, 1940. Barings has relied on the International Adviser Exemption with the Ontario Securities Commission since December 18, 2009, the Quebec Financial Markets Authority since December 18, 2009, the British Columbia Securities Commission since November 19, 2010, the Alberta Securities Commission since July 30, 2012, the Nova Scotia Securities Commission since November 20, 2013, the Manitoba Securities Commission since August 19, 2014, and the New Brunswick Financial and Consumer Services Commission since August 19, 2014. It has been authorized as an investment manager to authorized collective investment schemes with the Central Bank of Ireland / Irish Financial Services Regulatory Authority since July 14, 2008 and has been an exempted investment firm with the Netherlands Authority for the Financial Markets since September 13, 2007. Since August 26, 2008, it has held a Class Order Exemption with the Australian Securities and Investments Commission and a Cross-Border Discretionary Investment License with the South Korea Financial Services Commission since March 2016. Barings Securities LLC (“BCS”), a Delaware limited liability company, is a wholly-owned subsidiary of Barings. BCS acts as a placement agent for private funds, including funds sponsored and/or advised by Barings and its affiliates, as well as, from time to time, unaffiliated third parties. Since January 11, 1995, BCS has been registered as a broker-dealer with the SEC and is a member of the Financial Industry Regulatory Authority. Certain employees of Barings and its affiliates are registered representatives of BCS. Barings has relied on the International Dealer Exemption with the Ontario Securities Commission since December 18, 2009, the Quebec Financial Markets Authority since December 18, 2009, the British Columbia Securities Commission since November 19, 2010, the Alberta Securities Commission since July 30, 2012, the Nova Scotia Securities Commission since November 20, 2013, the Manitoba Securities Commission since August 19, 2014, and the New Brunswick Financial and Consumer Services Commission since August 19, 2014. Barings (U.K.) Limited (“Barings UK”), a private limited company incorporated in England and Wales, is an indirect, wholly-owned subsidiary of Barings. Barings UK is an investment manager and adviser for a broad range of institutional investors. Since December 1, 2001, Barings UK has been regulated by the Financial Conduct Authority in the United Kingdom as an investment adviser and is authorized as a Markets in Financial Instruments Directive firm (MiFID) in several European Union jurisdictions under the MiFID passport regime.. Barings Global Advisers Limited (“BGA”), a private limited company incorporated in England and Wales, is a wholly-owned subsidiary of Barings UK. BGA acts as an investment manager and adviser for a broad range of institutional investors. Since October 21, 2011, BGA has been regulated by the Financial Conduct Authority in the United Kingdom as an investment adviser and is authorized as a Full Scope Alternative Investment Fund Manager in several European Union jurisdictions under the Alternative Investment Fund Managers Directive (AIFMD) passport regime.. Barings Australia Pty Ltd (“Barings Australia”), a private company incorporated in Australia, is an indirect, wholly-owned subsidiary of Barings. Barings Australia manages assets of Australian institutional investors in Australia. Since January 27, 2010, Barings Australia has been regulated as an investment adviser in Australia under its Australian Financial Services License issued by the Australian Securities and Investments Commission. Barings Australia has been registered as an Exempt Reporting Adviser with the SEC since October 30, 2014. Barings Investment Advisers (Hong Kong) Limited (“Barings HK”), a private company incorporated in Hong Kong, is a wholly-owned subsidiary of Barings. Barings HK provides investment advice to institutional investors. Barings HK holds several licenses with the Hong Kong Securities and Futures Commission: a Type 1 License (dealing in securities), a Type 4 License (advising on securities) and a Type 9 License (asset management) since June 1, 2010. Barings Advisers (Japan) KK (“Barings Japan”), a company incorporated in Japan, is a wholly-owned investment management subsidiary of Barings. Barings Japan provides investment advice. Barings Japan has held a Type II Financial Instruments Business, Investment Advisory and Agency Business License with the Japanese Financial Services Agency / Kanto Financial Bureau since September 30, 2007. Barings Real Estate Advisers LLC (“Barings RE”), a Delaware limited liability company, is a wholly-owned subsidiary of Barings. Barings RE is a global real estate investment organization providing investment and advisory services to institutional and other qualified investors in public and private debt and equity real estate investments. Barings RE been registered as an investment adviser with the SEC since April 1, 1996. Barings Real Estate Advisers Europe Finance LLP (“Barings Europe”), limited liability partnership organized in the United Kingdom, is an indirect, wholly- subsidiary of Barings RE. Barings Europe provides investment advice and asset management services and distributes securities for Barings RE’s global clientele. Barings Europe has been authorized with a Banks, Building Societies and Investment Firms (BIPRU) limited license and regulated by the Financial Conduct Authority in the United Kingdom since August 23, 2004. Barings Real Estate Advisers Inc. (“Barings Inc”), a Delaware corporation, is a wholly-owned subsidiary of Barings RE. Barings Inc brokers commercial mortgage loans. Barings Inc has held a California Finance Broker’s License from the California Department of Business Oversight since October 24, 2007. Barings Real Estate Advisers Japan KK (“Baring REJ”), a Japanese joint stock corporation, is a wholly-owned subsidiary of Barings RE. Barings REJ provides real estate investment advisory services and markets real estate investment vehicles. Barings REJ has held a Type II - Financial Instrument Business and Investment Advisory License with the Japanese Financial Services Agency since May 19, 2015. BREAE AIFM LLP (“BREAE”), a limited liability partnership organized in the United Kingdom, is an indirect, wholly-owned subsidiary of Barings RE. BREAE acts as an Alternative Investment Fund Manager for European Union domiciled real estate funds. BREAE has been registered as an Alternative Investment Fund Manager with the Financial Conduct Authority in the United Kingdom since March 1, 2016. Baring Asset Management Limited (“BAML”), a private limited company incorporated in England and Wales, is an indirect, wholly-owned subsidiary of Barings. BAML acts as an investment adviser. BAML has been authorized and regulated as an investment manager/adviser by the Financial Conduct Authority since December 1, 2001 and is authorized as a Markets in Financial Instruments Directive firm (MiFID) in several European Union jurisdictions under the MiFID passport regime. It is registered with the Securities and Exchange Board of India as a Foreign Institutional Investor (its current license will expire June 30, 2017) and has been approved to operate a representative office in Dubai by the Dubai Financial Services Authority since July 21, 2010. Barings Asset Management (Asia) Limited (“BAM Asia”), a private company incorporated in Hong Kong, is an indirect, wholly-owned subsidiary of BAML. BAM Asia acts as an investment adviser. BAM Asia holds several licenses with the Hong Kong Securities and Futures Commission: a Type 1 License (dealing in securities) since August 29, 2003, a Type 2 License (dealing in futures contracts) since September 7, 2015, a Type 4 License (advising on securities) since August 28, 2003, a Type 5 License (advising on futures contracts) since August 28, 2003 and a Type 9 License (asset management) since August 28, 2003. BAM Asia has been authorized as a discretionary investment management business in South Korea by the Financial Services Commission since June 19, 2009 and as a qualified foreign institutional investor in China by the Securities Regulatory Commission since November 25, 2014. Baring Asset Management (Australia) Pty Limited (“BAM Australia”), a private company organized in Australia, is an indirect, wholly-owned subsidiary of BAML. BAM Australia has held a Financial Services License with the Australian Securities and Investments Commission since January 22, 2004. BAM Australia is currently dormant. Baring Asset Management (Japan) Limited (“BAM Japan”), a private company incorporated in Japan, is an indirect, wholly-owned subsidiary of BAML. BAM Japan acts as an investment adviser. BAM Japan holds a Type II – Financial Instruments Business License with the Japanese Financial Services Agency. Baring Asset Management (Korea) Limited (“BAM Korea”), a private company incorporated in South Korea, is an indirect, wholly-owned subsidiary of BAML. BAM Korea acts as an investment adviser. Since February 26, 1988, it has been authorized by the South Korean Financial Services Commission and the Financial Supervisory Service to engage in collective investment business, privately placed collective investment business for professional investors, discretionary investment business, and advisory business, and is registered with the Ministry of Strategy and Finance to engage in foreign exchange business. Baring Asset Management Switzerland Sàrl (“BAM Switzerland”), a private company incorporated in Switzerland, is an indirect, wholly-owned subsidiary of BAML. BAM Switzerland performs fund marketing activities in Switzerland on behalf of BAML. Since July 7, 2015, it has been authorized by the Switzerland Financial Market Supervisory Authority to offer and/or distribute collective capital investments. Baring Fund Managers Limited (“BFM”), a private limited company incorporated in England and Wales, is a wholly-owned subsidiary of BAML. BFM has been authorized as a manager of collective investment schemes with the Financial Conduct Authority in the United Kingdom since December 1, 2001 and is authorized as an Alternative Investment Fund Manager in several European Union jurisdictions under the Alternative Investment Fund Managers Directive (AIFMD) passport regime. Baring International Fund Managers (Ireland) Limited (“BIFM”), a private limited company incorporated in Ireland, is an indirect, wholly-owned subsidiary of BAML. BIFM is a manager of Irish collective investment schemes and funds. It has been authorized as an Alternative Investment Fund Manager in several European Union jurisdictions under the Alternative Investment Fund Managers Directive (AIFMD) passport regime and, since April 28, 2006, as a UCITS management company with the Central Bank of Ireland. Baring International Investment Limited (“BIIL”), a private limited liability company incorporated in England and Wales, is a wholly-owned subsidiary of BAML. BIIL acts as an investment adviser. BIIL has been authorized and regulated as an investment manager/adviser by the Financial Conduct Authority in the United Kingdom since December 1, 2001 and is authorized as a Markets in Financial Instruments Directive firm (MiFID) in several European Union jurisdictions under the MiFID passport regime. BIIL has been registered as an investment adviser with the SEC since April 15, 1980. BIIL has relied on the International Adviser Exemption with the Alberta Securities Commission since January 27, 2010, British Columbia Securities Commission since January 27, 2010, Quebec Financial Markets Authority since February 1, 2010 and Manitoba Securities Commission since February 17, 2010. Baring SICE (Taiwan) Limited (“Baring SICE”), a company limited by shares in Taiwan, is an indirect, wholly-owned subsidiary of BAML. Baring SICE has been authorized as a securities investment consulting business by the Taiwan Financial Supervisory Commission since June 2, 2008 and by the Taipei City Government since March 15, 1990. LIBOR Update CCPA Request Investment Policies Privacy Notice Cookies Notice Terms & Conditions Sitemap About Us Sustainability Barings Social Impact Our History Careers at Barings Locations Strategies Public Fixed Income Public Equities Private Credit Real Estate Private Equity Funds Viewpoints Streaming Income Podcast Institute Newsroom Senior Leadership Team Press Releases News Alerts Contact The opinions and other information contained herein, whether express or implied are made in good faith in relation to the facts known at the time of preparation and are subject to change without notice. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. This material should not be construed as a recommendation, and Barings is not soliciting any action based upon such information. Additionally, the strategies and funds may not be available to all investor types in all jurisdictions. In some jurisdictions this website may contain advertising. Copyright © 2021 Barings. The BARINGS name and logo design are trademarks of Barings and are registered in U.S. Patent and Trademark Office and in other countries around the world. All rights are reserved. X We use cookies on our website to provide you with the best experience. By proceeding to our site you agree to our Cookies Notice and our site Terms and Conditions.