Guernsey Regulated Fund
The Credo Global Equity Fund can only be promoted to certain categories of potential investors.
- An Eligible Counterparty or a Professional client; or
- A Retail client who is:
(i) a High Net Worth Investor*;
(ii) a Certified Sophisticated Investor*; or
(iii) a Self-Certified Sophisticated Investor*.
The information contained in these pages should only be used or relied upon if you are sure you fall into one of the above categories.
(i) High Net Worth Investor – i.e. someone who is able to make the following statement:
I can receive promotional communications which are exempt from the restriction on promotion of non-mainstream pooled investments. The exemption relates to certified high net worth investors and I declare that I qualify as such because at least one of the following applies to me:
- I had, throughout the financial year immediately preceding today’s date, an annual income to the value of £100,000 or more;
- I held, throughout the financial year immediately preceding today’s date, net assets to the value of £250,000 or more. Net assets for these purposes do not include:
a) the property which is my primary residence or any money raised through a loan secured on that property;
b) any rights of mine under a qualifying contract of insurance; or
c) any benefits (in the form of pensions or otherwise) which are payable on the termination of my service or on my death or retirement and to which I am (or my dependants are), or may be, entitled.
I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested. I am aware that it is open to me to seek advice from an authorised person who specialises in advising on non-mainstream pooled investments.
(ii) Certified Sophisticated Investor – i.e. someone who is able to make the following statement:
I have a written certificate signed within the last 36 months by an FCA regulated firm confirming that I have been assessed by that firm as sufficiently knowledgeable to understand the risks associated with engaging in investment activity in non-mainstream pooled investments.
I can receive promotional communications which are exempt from the restriction on promotion of non-mainstream pooled investments. The exemption relates to certified sophisticated investors and I declare that I qualify as such.
I accept that the investments to which the promotions will relate may expose me (or the entity that I am legally empowered to make decisions on behalf of) to a significant risk of losing all of the money or other property invested. I am aware that it is open to me to seek advice from an authorised person who specialises in advising on non-mainstream pooled investments.
(iii) Self-Certified Sophisticated Investor – i.e. someone who is able to make the following statement:
I am a self-certified sophisticated investor for the purposes of the restriction on promotion of non-mainstream pooled investments. I understand that this means:
- I can receive promotional communications made by a person who is authorised by the Financial Conduct Authority which relate to investment activity in non-mainstream pooled investments;
- the investments to which the promotions will relate may expose me to a significant risk of losing all of the property invested.
I am a self-certified sophisticated investor because at least one of the following applies:
- a) I am a member of a network or syndicate of business angels and have been so for at least the last six months prior to today’s date;
- b) I have made more than one investment in an unlisted company in the two years prior to today’s date;
- c) I am working, or have worked in the two years prior to today’s date, in a professional capacity in the private equity sector, or in the provision of finance for small and medium enterprises;
- d) I am currently, or have been in the two years prior to today’s date, a director of a company with an annual turnover of at least £1 million.
I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested. I am aware that it is open to me seek advice from someone who specialises in advising on non-mainstream pooled investments.
Where you are unsure, contact us at firstname.lastname@example.org.
The content of this website has been approved for the purpose of section 21 of the United Kingdom (“UK”) Financial Services and Markets Act 2000 by Credo Capital plc (“Credo”) which is authorised and regulated by the Financial Conduct Authority (“FCA”) in the UK and is a member of the London Stock Exchange. Credo is authorised in South Africa by the Financial Services Board (“FSB”) as a Foreign Financial Services Provider.
The Fund is an umbrella-type open-ended Irish Collective Asset-management Vehicle fund (the “ICAV”) with segregated liability between Sub-Funds. The ICAV has been authorised by the Central Bank of Ireland (the “Central Bank”) as an undertaking for collective investment in transferable securities pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 as amended by the European Union (Undertakings for Collective Investment in Transferable Securities) (Amendment) Regulations 2016. The authorisation of the ICAV by the Central Bank is not an endorsement or guarantee of the ICAV by the Central Bank nor is the Central Bank responsible for the content of the Prospectus for the ICAV, the Supplements for the Sub-Funds or the content of this website. The authorisation of the ICAV by the Central Bank does not constitute a warranty as to the performance of the ICAV and the Central Bank will not be liable for the performance or default of the ICAV. The Manager of the ICAV is in the process of applying for the ICAV and the Sub-Funds to be recognised by the FCA and the FSB. While the FCA authorisation is expected to take between 2 and 4 weeks, the FSB authorisation may take up to 6 months. Until such authorisations are obtained in each jurisdiction, the ICAV and the Sub-Funds may not be promoted to retail investors in these jurisdictions.
The information contained in this website does not constitute, and may not be used for the purposes of, an offer or an invitation to subscribe for any Shares by any person in any jurisdiction (i) in which such an offer or invitation is not authorised; or (ii) in which the person making such offer or invitation is not qualified to do so; or (iii) to any person to whom it is unlawful to make such offer or invitation.
An investment in the ICAV must not be promoted in or offered into the United States. Investors must inform themselves of the legal requirements within their own countries or jurisdictions for the purchase, holding, transfer, redemption or other disposal of shares in any Sub-Fund. Potential investors must rely on their own representatives, including their own professional advisers as to the legal, tax, investment or any other related matters concerning the Sub-Funds and an investment therein.
The information contained in this website is for the exclusive use of the person to whom it has been delivered, is confidential and may not be copied, distributed, or otherwise given or disclosed in any manner to any person without the written permission of Credo. This material was prepared exclusively for information and discussion purposes only and to provide potential investors with a preliminary indication of the feasibility of a possible investment opportunity in the Sub-Funds. This material is not meant to be, nor shall it be construed as, an attempt to define all relevant terms and conditions of the potential investment or to contain all information that is, or may be, material to an investor. No investment in any of the Sub-Funds should be considered without the investor reading the ICAV’s Prospectus and the Supplement for the relevant Sub-Fund and in particular the risk warnings contained therein.
Potential investors should not invest in a Sub-Fund unless they have considered whether the Sub-Fund is suitable for them in light of their knowledge and experience, financial circumstances, investment objectives, attitude to risk and risk capacity. Potential investors should consult with their Financial Advisor to determine whether an investment in a Sub-Fund would be suitable for them.
Past performance is not necessarily a guide to future performance, income is not guaranteed, share prices may go up or down and you may not get back all or any of the amount invested and the performances of the Guernsey registered Credo Global Equity Fund, the Best Idea and Dividend Growth Portfolios are not necessarily a guide to the future performance of any of the Sub-Funds and any forecasts or estimates constitute a judgement as at the date of this document. There can be no assurance that the future results will be consistent with any such opinions, forecasts or estimates. The value of your investment may rise or fall due to changes in tax and currency exchange rates, for example if the base currency of a Sub-Fund differs from the currency in which you measure your wealth. Potential investors are also warned that Credo may have a conflict of interest as regards investments in the Sub-Fund where it is your investment manager or advisor as it is also the investment manager of the Sub-Funds. It is usually Credo’s preference to invest its clients, or advise its clients to invest in, the Sub-Funds, where such an investment is suitable for its clients. Please refer to Credo’s full Conflicts of Interests Policy which can be found on its website at www.credogroup.com.
Taxation consequences will be dependent on the circumstances of individual investors in a Sub-Fund and intended investors should take advice on their own taxation position before investing in a Sub-Fund. This document should not be construed as containing an offer to invest in any of the Sub-Funds. This document has been created for information purposes only and has been compiled from sources believed to be reliable. Information contained in this document is based on present circumstances, intentions and beliefs and may require subsequent modifications.
None of Credo, or its directors, officers or employees accepts liability for any loss arising from the use of or reliance on this website or for any act or omission, or makes any representation as to its accuracy and completeness and they expressly disclaim any and all liabilities for any representations, expressed or implied, with respect to this website or any other written or oral communication to any interested party or potential investor.