Please read the following terms and conditions carefully as use of the Investec Asset Management site
(the "Site") means that you accept them.

1. Use of the Site

The content of this Site is owned by or licensed to Investec Asset Management Limited ("Investec"). You may retrieve and display pages from the Service on a computer screen and may print individual pages and store pages in electronic form for your own personal, non-commercial use.
You must not use this Site or any service offered by Investec (or any other person) on this Site in a way which causes or may cause:

	The Site or the service offered to be interrupted, damaged or impaired;
	Offence or detriment to any other person who uses this Site or any services offered;
	Investec, you or any other user of the Site to be in breach of any applicable law or regulation;
	Detriment to any person who supplies services to Investec in connection with this Site.

If Investec considers that you are doing, or are likely to do, any of these things or in any other way are adversely affecting the Site, its users, Investec or its suppliers, Investec may immediately suspend your use of the Site and/or any services which you use.
 
2. Content
 
This Site is intended to provide general information regarding Investec, its products and services, and other financial information which may be of interest to you. It is not intended to provide exhaustive treatment of any subject dealt with. The information on this Site including all research, opinions or other content is not intended to and does not constitute financial, accounting, tax, legal, investment, consulting or other professional advice or services. Before making any decision or taking any action which might affect your personal finances or business you should take appropriate advice from a suitably qualified professional or financial adviser. The Site may include technical, typographical or other inaccuracies and you are urged to contact Investec to confirm all information contained on this Site before placing any reliance on it. Changes are periodically made to the information on this Site and these changes will be incorporated in new editions of this Site. Investec reserves the right to alter or amend any criteria or information set out in this Site without notice. If the Site contains statements or information which relate to projections, plans or objectives or future economic performance you should be aware that these projections are only predictions and that actual events or results may differ materially.

3. No offer

This information on this website is provided for information purposes only. It is not an invitation to make an investment nor does it constitute an offer for sale. It also does not constitute an advertisement for a fund in a country where that fund is not registered for sale.The full documentation required to make an investment, including the Prospectus or Scheme Particulars, is available from Investec Asset Management.

Investec Global Strategy Fund - funds domiciled in Guernsey

Investec Global Strategy Fund Limited (IGSF) Funds are Guernsey-domiciled. They are registered for sale in the UK and Gibraltar and also in South Africa with the exception of currency and high yield fixed income funds. IGSF is also registered in Ireland, Hong Kong, Macau, Switzerland and for certain funds only in Chile and Taiwan. The Funds' Scheme Particulars, Memorandum and Articles of Association and latest annual and semi-annual reports are available free of charge from Investec Asset Management or, for IGSF only, from the Swiss Representative, Distributor and Paying Agent, Investec Bank (Switzerland) AG,Talacker 41, 8039 Zurich.
 
4.  Transmission of information

Your attention is drawn to the fact that information transmitted via the Internet may be susceptible to monitoring and interception. You will bear all risk of transmitting information in this manner. We will not be liable for any loss, harm or damage suffered by you as a result of transmitting information to us. We reserve the right to request independent verification of any information transmitted via e-mail. Please be aware that any unsolicited confidential or proprietary information sent to Investec via the Internet cannot be guaranteed to remain confidential. If you need to send such information to Investec and are concerned about the security of this information please contact us and we will advise you of the most appropriate method of transmission.

5.  Limitation of liability

This Site should only be used for information purposes. It is not advice and you should not rely on it to make (or refrain from making) any decision or take (or refrain from taking) any action. Investec is not responsible for the Site's accuracy or its fitness for a particular purpose or the reliability of the access to this Site.
Neither Investec, its affiliates, holding company or its directors, shareholders, agents, consultants, or employees will be liable for any damages or losses resulting from your use of or inability to use this Site or the information contained therein, including without limitation any direct, indirect, special, incidental consequential or punitive damages whether arising out of contract, statute, tort or otherwise. Investec does not guarantee that this Site will operate free of error or defect or that it is free from computer viruses or any other contaminating computer program.

We do not accept any liability for any acts or omissions resulting from your decision or opinion formed on the basis of your use of the Site.

6. Links to other websites and services

The Site may contain links to other websites, which are not under our control. The links to other sites are for your convenience and we do not accept any responsibility or liability for enabling you to link to any other website, for the contents of any other website, for the security of any other website, or for any consequence of your acting upon the contents of such website.
 
7. Data protection and privacy

 
Any details which you provide to us from which we can identify you are held and processed in accordance with our Privacy Policy.

8. Changes to the terms

Investec may change the Site or these terms at any time by posting notice of the changes on the Site. If you use the Site after Investec has posted the changes you will be bound by the new terms. You should therefore ensure that you read the terms each time you use the Site.

9.  Governing law and jurisdiction

These terms and conditions are governed by English law and you and we each submit to the exclusive jurisdiction of the English courts.

10. Connected Interests

Investec and any company or individual connected to it including its directors and employees may have a position or interest in any investment or service recommended in this or other Investec website.

11. World Wide Web

The content of this Site is not directed to any person in any jurisdiction where (by reason of that person's nationality, residence or otherwise) the publication or availability of the Investec Website is prohibited. Persons in respect of whom such prohibitions apply must not access the Investec Website.

12. Notice to Investors in the United States of America

The provision of the information in this web site does not constitute an offer to purchase securities to any person in the United States or to any U.S. Person as such term is defined under the Securities Act of 1933, as amended. The information contained in this site about Investec Asset Management and/or any of its affiliates is not directed to any person in the United States.

13. General risks
 
You are not certain to make a profit; you may lose money and any income is not fixed - it can go up or down.

The past performance of a Fund should not be taken as a guide to its future performance and does not take into account the effects of inflation.

Changes in the rates of exchange between currencies may cause your investment and the income from it to go down or up.

While opinions stated are honestly held, they are not guarantees and should not be relied on.

If you exercise any cancellation rights you may have, you may not get back the full amount of your investment.

Where income is insufficient to pay charges the residual is taken from capital which will reduce the rate of capital growth.

We recommend that you contact an independent financial adviser if you are in any doubt about the suitability of an investment in any of our Funds, or if you are not confident that you fully understand the risks involved.

Shares should generally be regarded as long-term investments.

For your protection telephone calls may be recorded.

Information, opinions and estimates, contained in the Site reflect a judgement at its original date of publication by Investec and are subject to change.
 
14. Further information

The information on this website is issued by Investec Asset Management Limited, Registered office: 2 Gresham Street, London, EC2V 7QP. Registered in England and Wales Company registration number 2036094. Authorised and regulated by the Financial Services Authority.