Terms and conditions

This terms and conditions notice was updated 12 February 2021


This website has been issued and approved for the purposes of section 21 of the Financial Services and Markets Act 2000 as a financial promotion under the Financial Services and Markets Act 2000 by Downing LLP, St Magnus House, 3 Lower Thames Street, London, EC3R 6HD. This website is not an offer or invitation to apply for shares in the Investments. Any application for shares should be made solely on the basis of the relevant prospectus or brochure relating to the Investments. The past performance of the managers is not a guide to the future performance of the Companies.

General Data Protection Regulation:

Please visit our privacy and cookies policies.

This privacy notice was updated: 24 May 2018.

Downing LLP (“we” or “us”) a limited partnership in England and Wales, CRN: OC341575. Our office is registered at St Magnus House, 3 Lower Thames Street, London, EC3R 6HD.

This website uses cookies, please see our cookie policy for more information.

Legal information and disclaimers

These pages explain the legal and regulatory restrictions applicable to the information contained within this website (such information to be referred to hereafter as "Information"). We intend to rely on this Information and these terms and for your own benefit and protection, you should read these terms carefully. If you do not understand any point, please contact us for further information.


All information is aimed at persons present in the UK. It is your responsibility to know and understand the law and regulations relating to investment business as they apply to you, wherever you are based.

Certain Information is aimed specifically at professional advisers, rather than private clients. In these areas, we confirm the specific audience that the Information is aimed at. If you are not the audience defined then you should be aware that this Information is not aimed at you and at some point, either on the website or when dealing with an enquiry, Information or progressing your enquiry may be restricted or stopped.

Regulators and registered offices

Downing LLP (Registered No. OC341575) is authorised and regulated by the Financial Conduct Authority (Firm Reference No. 545025) and has its registered office at St Magnus House, 3 Lower Thames Street, London, EC3R 6HD.

Compensation arrangements

Compensation arrangements are not offered for all products in all jurisdictions.

In the event that Downing LLP is unable to meet its liabilities, client contracted to it you may be able to apply to the Financial Services Compensation Scheme ("FSCS"). Further information can be obtained from the FCA or the FSCS. This depends upon the type of business and the circumstances of the claim. Since 1 January 2010, most types of investment business are covered for £85,000 per person per firm. Further information about compensation arrangements is available from the FSCS (www.fscs.org.uk). 

Copyright and ownership

Downing LLP. All rights reserved. All content on this site including the Information, all text, data, graphics, their arrangement and compilation as well as the databases and software on which this site is based, are the property of Downing LLP and protected by intellectual property law. All rights to use the content of this site belong to Downing LLP and any unauthorised use, including transmission, display, extraction, modification, distribution and reproduction in any media is strictly prohibited.

Prohibition against reproduction, etc, of information

You may download or print individual sections of the site for personal use and information only provided you retain all copyright and other proprietary notices. 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 site without the prior written permission of Downing LLP.

Risk warnings

The price and value of investments and the income from them may rise or fall and may be affected by changes in rates of exchange and market conditions. An investor may not receive back the amount initially invested. Fluctuation may be particularly marked in the case of a higher volatility fund and the value of an investment may fall suddenly and substantially. Past performance is not a reliable indicator of future performance.

The investments referred to on this website may not be suitable for all investors. Downing LLP does not provide, and nothing on this website should be construed as, investment or tax advice. Potential investors are recommended to seek specialist independent tax and financial advice before investing. It is not intended that anything stated in this website should be construed as an offer or invitation to treat or inducement for you to engage in any investment activity.

An investment into any of our products may only be made on the basis of the information set out in the respective prospectus or product brochure.

Bases of taxation

The levels and bases of, and reliefs from, taxation may change from the date of publication. The tax treatment for individuals is dependent on their particular circumstances and may be subject to change in the future.


The Information is for information purposes only. It is neither an invitation to invest to anyone in any country where the issue of solicitations is unlawful nor forms part of an offer to enter into any product or service mentioned within. It is recommended that you take independent tax and legal advice before entering into any agreement and that you seek independent financial advice as regards any questions you may have in respect of the suitability of products or services offered in this site. The distribution of information regarding the products mentioned in this site may be restricted in certain jurisdictions. Prospective investors should inform themselves of, and observe, all applicable laws and regulations of their governing jurisdiction, including offering restrictions, exchange controls and taxes.

Unregulated fund restrictions

Please be aware that certain funds featured on this site are Unregulated Collective Investment Schemes for the purposes of the Financial Services and Markets Act 2000 ("FSMA"). The promotion of these Funds and the distribution of any document to the general public in the United Kingdom are accordingly restricted by sec 238(1) FSMA. Most of the protections provided by the UK regulatory system and compensation under the UK's Financial Services Compensation Scheme will not be available. These Funds are considered suitable only for informed and experienced investors.

Accuracy and update of information

This website is subject to regular update and revision. While we attempt to ensure the correctness and timeliness of all material posted on the website at the time of publication, we take no responsibility for errors or omissions which are the result of technical causes, or otherwise. We maintain the right to delete or modify, in part or in full, any information on this website without any prior notice.

Any research in this website has been procured and may have been acted upon by Downing LLP for its own purpose. The results are being made available on this site only incidentally.

The views expressed herein do not constitute investment or any other advice and are subject to change. They do not necessarily reflect the views of Downing LLP or any part thereof and no assurances are made as to their accuracy.