in accordance with § 5 of the German Telemedia Act
Invest in Visions GmbH
60325 Frankfurt am Main
Phone +49 (0) 69 / 204 34 110
Fax +49 (0) 69 / 204 34 1130
Managing Director and Authorised Representative: Edda Schröder
Commercial Register District Court of Frankfurt
Klimek Advisors Ltd.: www.klimek-advisors.com in cooperation with Olive Oil Communication: www.olive-oil.de (design) and VIERZWEI: www.vierzwei.de (programming).
Please note: Invest in Visions GmbH (hereinafter also referred to as “we”, “us” or similar) endeavours to comply with any and all legal requirements at all times. For this reason, we carefully check the web pages of www.investinvisions.com and www.investinvisions.de on a regular basis for their compliance with applicable law.
Should the content or design of the web pages of www.investinvisions.com or www.investinvisions.de nevertheless violate the rights of third parties or statutory provisions or if other legal concerns exist, we would kindly ask to be notified, without charge, whether formally or informally, or even by phone. We would then delete any unlawful content and remove any other legal defects without undue delay. Cease-and-desist letters from lawyers that are sent without any such advance notification do not correspond with our actual or presumed intention (see section 8 (4) of the German Act Against Unfair Competition (Gesetz gegen den unlauteren Wettbewerb, “UWG”)).
Validity of this disclaimer
This disclaimer forms part of our internet presence on our websites www.investinvisions.com and www.investinvisions.de, from where you were referred to this page. Where individual sections or specific wordings in this disclaimer are no longer, not entirely or not at all in compliance with the legal requirements, this will not affect the content or validity of the other sections hereof.
1. Right to change content at any time
We expressly reserve the right to modify, supplement, amend or delete parts of the web pages of www.investinvisions.com or www.investinvisions.de or the entire content or to cease the publication, either temporarily or permanently, without prior notice. We will notify our clients of any changes that concern them in advance and in good time.
2. References and links
a. In its judgment dated 12 May 1998 (case no: 312 O 85/98 – Haftung für Hyperlinks (liability for hyperlinks)), the Hamburg Regional Court ruled that, by using hyperlinks (= direct or indirect links to third-party websites), the operator of a website may also be liable for the content of the linked external website. According to this ruling, this can only be prevented by the operator of the website expressly disassociating itself from the content of the linked external website. We hereby expressly disassociate ourselves from any external websites to which we may have set links. We hereby expressly disclaim any liability for any such linked external websites. It is solely the operator of a linked external website or the author of any such content who will be liable for any damage resulting from the use or non-use of the information provided on such external websites. We do not assume any liability in this regard.
b. In its decision dated 30 June 1997 (case no. 260 DS 857/96), the Berlin-Tiergarten District Court ruled that no criminal liability exists if the external website to which the link setter or the accused refers was legitimate at the time of setting the hyperlink and was only later, without the knowledge of the link setter or the accused, modified in a way that is relevant under criminal law. According to this decision, the link setter or the accused is under no obligation to continuously check the external websites to which he or she makes reference via hyperlinks. However, the moment we become aware of any breaches of the law on external websites to which we make reference via hyperlinks, we will remove any such hyperlinks from our website without undue delay. We hereby expressly state that no illegal content was apparent to us on the linked websites at the time the relevant links were set. We have no control over the current or future design, content or authorship of any linked external websites. We therefore expressly disassociate ourselves from any and all content of the linked external websites that were modified after setting the link.
c. The above statements apply to any and all hyperlinks and references set as part of our present web pages on the sites www.investinvisions.com and www.investinvisions.de as well as any third-party entries in the guest books, discussion forums, link lists, mailing lists and all other forms of databases via which external websites can be accessed.
3. Copyrights and trade marks
a. We endeavour to comply with the copyrights and ancillary copyrights for any pictures, diagrams, audio documents, video clips and texts used in any publications on this website and to use pictures, diagrams, audio documents, video clips and texts created by ourselves or to use licence-free diagrams, audio documents, video clips and texts. The authors of the relevant pages retain the copyrights and ancillary copyrights for any published items they created. The reproduction, editing, distribution, use and any other kind of exploitation of any such diagrams, audio documents, video clips and texts in other electronic or print publications beyond the bounds of copyright is only permitted with the express consent of the author. The content and works on this website that were created by ourselves are subject to German and international copyright law.
b. All brands and trademarks mentioned on the various pages of the websites www.investinvisions.com and www.investinvisions.de, which may be protected by third-party proprietary rights are, in their entirety, subject to the provisions of the relevant effective copyright and trade mark laws and the possessive rights of their registered owners. The mere mention of any such brands or trademarks alone does not suggest that these are not protected by third-party proprietary rights.
4. Spam mails not allowed
The use of any contact data published on the pages of www.investinvisions.com and www.investinvisions.de, in particular as part of the legally required website credits, such as name, postal address, telephone and/or fax numbers or e-mail addresses, by third parties for the transmission of unsolicited information material is hereby expressly prohibited. We expressly reserve the right to take legal steps (also under criminal law) against the senders of so-called spam mail whenever this prohibition is breached.
5. Data privacy statement
Protection of your personal data
We appreciate your interest in our website and our offer. The protection of your personal data when visiting our website is extremely important to us. We take this protection very seriously, particularly with regard to the collection, transmission, processing and use of your personal data when visiting our website.
Body responsible for data protection
Invest in Visions GmbH
Data Protection Officer: Edda Schröder
60325 Frankfurt am Main
Phone +49 (0) 69 / 204 34 110
Fax +49 (0) 69 / 204 34 1130
Please contact this address if you have any questions regarding the protection of your personal data or this data privacy statement. We will then provide you with information regarding your personal data that we have stored in our records.
Consent to data use
The mere use of our website or the reading of this data privacy statement does not replace your consent to us collecting, transmitting, processing or using your personal data in the manner hereinafter described and for the purposes hereinafter stated. This consent is required by law. We would also like to emphasise that you can revoke, at any time with future effect, any consent to data collection or data use that you may have granted us.
Protection under the German Federal Data Protection Act (Bundesdatenschutzgesetz, “BDSG”) and the German Telemedia Act (Telemediengesetz, “TMG”)
We protect your data to the fullest extent required by law. The relevant statutory provisions are contained, in particular, in the German Federal Data Protection Act and the German Telemedia Act.
This data privacy statement may be amended in the future
Experience has shown that the data privacy legislation is subject to regular reforms, which may require amendments to our data privacy statement. Likewise, the content of our website is also subject to continuous changes and ongoing development. We therefore reserve the right to amend this data privacy statement accordingly and to notify you regarding any changes to our data privacy statement if and when required. In addition, you should also regularly visit our website to keep yourself appraised on possible changes to the data privacy statement and other terms and conditions of use on our website. We would like to assure you that we will only make material changes to our data privacy statement that could result in increased use of your data if you consent to this.
Collecting and logging data when accessing our website
A further description of the personal data that will be collected when you visit our website and how we use this data follows below.
Each visit to our website (and its sub-pages) will automatically be recorded and logged. The IP address of the requesting computer, in particular, may be recorded and logged. Likewise, each click, download and any other retrieval of retrievable files from our website will be recorded and logged. Any storing associated with such recording and logging only serves for our internal statistical evaluation. We will record the following information: file name, time of retrieval (date and time), retrieved or transmitted data volume, the browser used, notification whether the retrieval or the transmission has been successful, the name of the requesting domain and e-mail address. Receipt confirmations and read confirmations of e-mails or, to the extent used on our website, log-ins and passwords, will also be recorded and logged.
Collection of additional personal data voluntary
We will only collect and store any data, other than the personal data mentioned in the previous section, if you provide this information voluntarily, e.g. in connection with an e-mail enquiry via a contact form on our website or the registration for a newsletter that we may offer. You can revoke any such consent to data collection at any time with future effect.
Use and disclosure of personal data
To the extent that you have provided us with your personal data, we will only use such data to answer your enquiries, to perform contracts we have entered with you, to process orders you have placed with us, as well as for the purpose of technical administration, file maintenance and billing. Provided that you consent, we would also regularly send you current information in the form of a newsletter, free of charge, to the extent that we offer such a service. We will only disclose your personal data to third parties or otherwise transmit your personal data where this is necessary for the purposes of contract performance or billing, if you have consented to such disclosure or if we are entitled or obligated to do so by virtue of the law (e.g. to surrender such information to the prosecuting authorities). You can revoke any such consent at any time with future effect.
As a rule, no transmission of personal data abroad or to supra- or cross-national bodies
As a rule, we do not transmit data abroad or to supra- or cross-national bodies. Should a data transmission abroad or to supra- or cross-national bodies ever be necessary, this will only be done in compliance with the statutory provisions on permissibility under sections 4b and 4c BDSG.
Deletion of personal data
Immediately after receiving the revocation of your consent, we will delete any data related to you. We will also delete your data if we no longer need this data to fulfil the purpose for which it was stored or if storing is, or has become, impermissible for other legal reasons.
Right to information
Upon request, we will provide you with information regarding your personal data that we have stored in our records as well as its origin, recipients and the purpose of storing this data (see section 13 (7) TMG and section 34 BDSG).
Protection from interference by unauthorised third parties
We would like to assure you that we will protect all personal data we store from any unauthorised interference by third parties, to the extent that this is reasonably possible by means of modern technical and organisational measures. If you contact us or we contact you by e-mail, we cannot guarantee complete data security, despite the various protection mechanisms we have set in place. We therefore recommend that you send any confidential information in writing by regular mail.
Note on cookies
We only use so-called session cookies on our website. Session cookies are administered by the server and are not stored on the hard drive of your computer. Session cookies facilitate navigation during your visit to our website, but expire upon exiting our website. When you visit our website again, the server will generate a new cookie, which again expires upon exiting our website. It is therefore not possible to identify a visitor to our website or visitors’ personal data by means of session cookies. If you do not wish to accept any cookies, not even session cookies, the help function of most browsers (usually indicated by a question mark) will explain how you can set your browser so that new cookies will not be accepted during your web use. Many browsers can also be set in such a way that your browser will automatically notify you if you have received a new cookie. The help function of your browser will usually explain how you can delete, from your computer, all cookies you have received. Some browsers can be set in such a way that cookies will only be generated as per your specifications or accepted by your computer, depending on the requesting address.
6. Information regarding the remuneration system under section 16 of the Financial Institutions Remuneration Regulation
The German Financial Institutions Remuneration Regulation (Institutsvergütungsverordnung, “InstitutsVergV”), as amended on 16 December 2013, contains supervisory minimum requirements for the remuneration systems of financial services companies.
Pursuant to section 25a (1) no. 6 of the German Banking Act (Kreditwesengesetz, “KWG”) in conjunction with the InstitutsVergV, Invest in Visions GmbH is required to maintain an appropriate remuneration system. For this purpose, Invest in Visions GmbH is required to publish the information specified in section 16 (2) InstitutsVergV.
In the absence of the requirements of section 17 InstitutsVergV, Invest in Visions GmbH is not deemed to be a material institution (bedeutendes Institut). Accordingly, the special requirements of the third part of the InstitutsVergV do not apply.
General information on the remuneration system
The gross annual fixed salary of staff is divided into 12 monthly salaries. Depending on the business results as well as individual performance parameters, variable remuneration components may also be paid.
The remuneration is supplemented by the social security contributions that are customary in the industry as well as the use of a company car by the company management.
Structure of the remuneration system
In addition to the base salary, staff may also, albeit to a lesser degree, receive variable remuneration under a target-oriented remuneration system.
The base salary is in line with the market and depends on the actual function carried out. Its purpose is to retain staff for the long term.
The remuneration system is designed in such a way as to avoid any significant dependence on variable remuneration components and the resulting incentives to take on disproportionately high risks.
Against this background, the share of variable remuneration is always limited to 20 percent of a staff member’s total remuneration (for members of the company management, this percentage is 50 percent). Under certain circumstances, a reduction of the variable remuneration component to zero is also possible.
Staff’s variable remuneration components are paid on an annual basis upon expiry of the business year as a one-off payment.
External advisers are remunerated, in part, on a progressive percentage scale, depending on the value of the assets under management, and in part on agreed time-based rates.
Quantitative information pursuant to section 16 (2) sentence 3 InstitutsVergV
With regard to the total amount of remuneration paid in the form of wages and salaries, we refer the reader to the mandatory announcement in the German Federal Gazette (www.bundesanzeiger.de).
Compensation scheme operated by securities trading houses, (Entschädigungseinrichtung der Wertpapierhandelsunternehmen, “EdW”)
Invest in Visions GmbH is a compulsory member of the compensation scheme operated by securities trading houses. Asset managers are required to subject themselves to the regulatory supervision of the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, “BaFin”). BaFin’s website contains a list of authorised financial services institutions (www.bafin.de).
This document is for illustration purposes only. Past performance does not guarantee future returns. Invest in Visions GmbH does not guarantee the accuracy of market forecasts. The information in this document is based on carefully selected sources Invest in Visions GmbH believe to be reliable. However, this document makes no representation as to the correctness, completeness or accuracy of the information contained herein. Holdings and allocations are subject to change. The views and opinions expressed in this document are those of the fund manager at the time of publication. They do not necessarily correspond to the views expressed at a later time. The views serve to explain the investment process and are not intended as an investment recommendation. Depending on the individual investment objectives and financial situation, the investment opportunities discussed in these documents may not be suitable for certain investors. These documents also do not constitute an offer to any person to whom it is unlawful to make such an offer. These documents do not constitute a solicitation to subscribe to fund shares and are for illustration purposes only. The information contained in this document may not be reproduced or distributed. Fund prospectus, half-yearly and annual report as well as the Key Investor Information Document (KID) are available free of charge from Invest in Visions GmbH or at www.investinvisions.com and/or www.investinvisions.de. Invest in Visions GmbH is regulated by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht), Marie-Curie-Strasse 24–28, 60439 Frankfurt am Main.
8. Conflicts of interest
Please note the principles on dealing with conflicts of interest [PDF] at Invest in Visions GmbH.
9. Best execution policy
Please note the best execution policy [PDF] of Invest in Visions GmbH.