DIGITALIZATION

TOP 50 ASSET MANAGERS Award

LVAM AG was awarded Top Asset Manager 2023 by Citywire.

hedgefundjournal_Awards_2023_LeanVal_Athena
ATHENA STRATEGY

Award from The Hedge Fund Journal

The Athena UI Fund has been recognized by the hedgefundjournal in the category “Best Performing Fund in 2022 and over 4 and 5 Years” for its outstanding results in recent years.

SHARES WITH HEDGING

LeanVal launches the Equity Protect fund

Launched in early March 2023, LeanVal Equity Protect combines an equity strategy with a cost-effective hedge. The goal is a significant reduction in drawdowns compared to a pure equity investment.

LeanVal Klimazielfonds
SUSTAINABILITY

LeanVal launches climate target fund - focus: ≤ 1.5 °C Paris climate target

The most important metric for the future of companies and assets will be their contribution relative to the 1.5 °C decision of the Paris conference. We are convinced of this.

ATHENA STRATEGY

Using market fluctuations as a stabilizer for the portfolio

At Universal Investment’s ChampoinsCall, Axel Gauss shows how the ATHENA UI fund can generate returns in rising and falling markets.

NEW BRAND PRESENCE

CCPM AG becomes LeanVal Asset Management AG

Conservative Concept Portfolio Management AG (CCPM AG), which has been successful on the market since 1991, is now entering a new phase in its success story – with immediate effect under the name LeanVal Asset Management AG.

LIQUID ALTERNATIVES

Successful special fund concept now also in the mutual fund

Equity component complements the Athena UI Fund’s proven options strategy for uncorrelated performance. The result: change from a hedging satellite to a combined investment solution.

LeanVal Asset Management AG

Die LeanVal Asset Management AG (LVAM) wurde ursprünglich 1991 als Conservative Concept Portfolio Management AG (CCPM) gegründet und entwickelte sich zu einem etablierten Anbieter alternativer options-basierten Volatilitätsstrategien sowie Multi Asset Strategien. Heute verwaltet die LVAM mit 15 Mitarbeitern über eine Mrd. Euro für Investoren aus der DACH-Region.

Die LeanVal Asset Management AG ist Teil der LeanVal Gruppe, einem bankenunabhängigen Finanzdienstleister für professionelle und institutionelle Investoren. Sowohl das Derivate Know-How der LVAM als auch die Expertise der LeanVal Research in der fundamentalen Analyse fließen in die Investmentstrategien ein.

DIGITALIZATION

TOP 50 ASSET MANAGERS Award

LVAM AG was awarded Top Asset Manager 2023 by Citywire.

hedgefundjournal_Awards_2023_LeanVal_Athena
ATHENA STRATEGY

Award from The Hedge Fund Journal

The Athena UI Fund has been recognized by the hedgefundjournal in the category “Best Performing Fund in 2022 and over 4 and 5 Years” for its outstanding results in recent years.

SHARES WITH HEDGING

LeanVal launches the Equity Protect fund

Launched in early March 2023, LeanVal Equity Protect combines an equity strategy with a cost-effective hedge. The goal is a significant reduction in drawdowns compared to a pure equity investment.

LeanVal Klimazielfonds
SUSTAINABILITY

LeanVal launches climate target fund - focus: ≤ 1.5 °C Paris climate target

The most important metric for the future of companies and assets will be their contribution relative to the 1.5 °C decision of the Paris conference. We are convinced of this.

ATHENA STRATEGY

Using market fluctuations as a stabilizer for the portfolio

At Universal Investment’s ChampoinsCall, Axel Gauss shows how the ATHENA UI fund can generate returns in rising and falling markets.

NEW BRAND PRESENCE

CCPM AG becomes LeanVal Asset Management AG

Conservative Concept Portfolio Management AG (CCPM AG), which has been successful on the market since 1991, is now entering a new phase in its success story – with immediate effect under the name LeanVal Asset Management AG.

LIQUID ALTERNATIVES

Successful special fund concept now also in the mutual fund

Equity component complements the Athena UI Fund’s proven options strategy for uncorrelated performance. The result: change from a hedging satellite to a combined investment solution.

LeanVal Asset Management AG

LeanVal Asset Management AG (LVAM) was originally founded in 1991 as Conservative Concept Portfolio Management AG (CCPM) and developed into an established provider of alternative option-based volatility strategies as well as multi-asset strategies. Today, LVAM manages over 800 mln EUR assets for investors from the DACH region with 16 employees.

LeanVal Asset Management AG is part of the LeanVal Group, a bank-independent financial services provider for professional and institutional investors. Both the derivatives know-how of LVAM and the expertise of LeanVal Research in fundamental analysis are incorporated into the investment strategies.

Core competencies and range of services

PHILOSOPHIE UND ANSATZ

Kombination alternativer und traditioneller Renditequellen
Wir kombinieren alternative und traditionelle Renditequellen, um Investmentlösungen für jedes Marktumfeld anzubieten und gezielt auf die individuellen Bedürfnisse der jeweiligen Kundengruppe zuzuschneiden.

NACHHALTIGKEIT

Verantwortungsvolle Investments
Nachhaltigkeit in der Unternehmensstrategie bildet die Grundlage für langfristigen wirtschaftlichen Erfolg und stellt damit ein zentrales Investmentkriterium für langfristig orientierte Investoren dar. Die LVAM AG ist bereits seit 2013 überzeugter Unterzeichner der PRI Initiative.

The investment solutions of LeanVal Asset Management AG

Alternatives

LIQUID ALTERNATIVES

Volatilität stellt aufgrund ihrer Korrelations- und Renditecharakteristik eine attraktive Renditequelle dar. Insbesondere in volatilen Marktphasen bieten Volatilitätsstrategien mehr als eine Alternative und etablieren sich zunehmend als wichtiger Baustein in der modernen strategischen Asset Allocation.

Publikumsfonds:
Athena UI Fonds
Gamma Plus Fonds

Volatility

ATHENA UI

Athena UI combines a proven volatility-based hedging strategy with a passive equity market investment with the goal of generating returns that are largely market neutral to the S&P 500.

GAMMA PLUS

The Gamma Plus Fund combines elements of risk premium and black swan strategies into one product with the goal of generating continuous, forecast-free returns that are uncorrelated to the benchmark.

Equity Strategies

PRIVATE DEBT

Wir nutzen Mezzaninekapital und Projektfinanzierungen in alternativen Fondslösungen, um dem Kapitalgeber Zugang zu attraktiven Renditequellen und oftmals nicht am breiten Markt bekannten Projekten zu ermöglichen.

Publikumsfonds:
Frankfurter Mezzanine Fonds

Equity Strategies

LEANVAL EQUITY PROTECT

European equity strategy with unique hedging. In addition to the participation in long-term equity market performance, the aim is to achieve a significant reduction in drawdowns compared with a pure equity investment.

FAKTOR INVESTING

Faktorstrategien weisen in ihrer Konzeption einen Mehrwert gegenüber am Markt erhältlichen traditionellen Ansätzen auf. Wir verfolgen mit den Faktoren Value, Quality, Stability, Growth und Momentum funktionale und akademisch überprüfte Multifaktorenansätze.

LONG SHORT EQUITY

Equity Long/-Short Strategien stellen Investmentlösungen für ein schwankendes Marktumfeld dar. Unser Ansatz basiert auf dem von LeanVal Research entwickelten proprietären Multifaktor Modell.

Multi Asset

LEANVAL CLIMATE TARGET FUND

The Climate Target Fund combines an ESG-compliant, global multifactor equity strategy with a cost-efficient hedge. The fund's objective is to only buy company shares that already meet the Paris target of 1.5 ° Celsius today.

Multi Asset & Private Debt

FRANKFURT MEZZANINE FUND

The objective of the fund is to build a diversified portfolio of project financing in the real estate sector in order to generate above-average positive returns and long-term capital growth. Financing the acquisition of land for project development as well as purchases of real estate in Germany and Switzerland are at the center of its activities.

EMPOWERMENT FUND

In multi-asset strategies, we combine our know-how with innovative concepts of portfolio allocation and risk management. The goal of our multi-asset strategy is to create a broadly diversified portfolio with equity-like returns with significantly lower volatility. In doing so, we are taking our cue from U.S. university funds.

Weitere Dienstleistungen

INVESTMENT CONSULTING

Die Komplexität, Nuancen und Abhängigkeiten, die in jede Anlageentscheidung einfließen, wachsen jedes Jahr exponentiell. Um Investitionen effektiv zu verwalten und zu steigern, bedarf es in hohem Maße stringenter Investmententscheidungen und Spezialwissen im Risikomanagement.

DIGITALES REPORTING

Jeder Anleger, bzw. jedes Portfolio hat spezifische Anforderungen an die Darstellung des Zahlenmaterials. Unsere digitale Reporting-Plattform kann diese individuellen Bedürfnisse zielgerichtet und effizient umsetzen.

Welcome to LeanVal Asset Management AG

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Disclaimer

As a visitor to our website, please note the following information. By accessing the lvam.de website, you agree to the content of the following information and confirm that you are a resident of the Federal Republic of Germany. This website of LeanVal Asset Management (LVAM) AG is directed only at persons who are residents of the Federal Republic of Germany. Not eligible for access are all other Internet users, in particular persons residing in the USA¹ or those residing in the Netherlands, Great Britain and Northern Ireland, Canada or Japan. All Internet pages within the website at www.lvam.de are available exclusively in German. The following information is for the private information of the users of this website. This and the following Internet pages are governed exclusively by German law.

The responsible creator for these Internet pages is LeanVal Asset Management AG with its registered office at Bleichstraße 52, 60313 Frankfurt, Germany.

These Internet pages are for information purposes only and in particular do not constitute advertising, recommendations, financial or other advice. They are not an offer or invitation to buy or sell securities or financial instruments.

The sole basis for the acquisition of units in investment funds is the respective valid sales prospectus with the contractual terms and conditions in conjunction with the respective latest audited annual report and the semi-annual report, if such a report is more recent than the latest annual report. These documents can be obtained from the respective management company or custodian bank as well as the paying agents. LVAM AG does not assume any liability for the correctness and completeness of the information provided in these documents.

Investment objectives, experience, risk appetite and financial circumstances of the users of these Internet pages cannot be taken into account.

The securities and other financial instruments presented on these Internet pages may therefore not be suitable as investment instruments for every user. It is possible that the purchase of these instruments may be considered risky. In particular, changes in interest rates and exchange rates may adversely affect the value, price or income of the securities or financial instruments mentioned. Information on performance is always based on past performance. For the forecast of future value and price developments, historical price developments are only an inadequate basis and do not constitute a guarantee. Furthermore, the values and prices shown on these web pages may not represent the price or value available on the relevant market at the time a user wishes to buy or sell a particular security, other financial instrument or currency. Furthermore, the information on these web pages does not take into account values or prices that may differ due to the size of a specific transaction. LVAM AG assumes no responsibility for:

  • the suitability for investors of the securities or other financial instruments presented on the websites,
  • the accounting, economic and tax consequences of an investment in the securities or other financial instruments presented,
  • the future performance of the securities or financial instruments.

It is therefore strongly advised to seek independent advice from investment and tax advisors. By opening these Internet pages and accessing the information contained therein, the user does not become a customer of LAVM AG, nor does LVAM AG thereby incur any obligations or responsibilities vis-à-vis this user, in particular no information contract is concluded between LVAM AG and the user of these Internet pages.

These web pages are based on information from sources that we believe to be reliable. However, no responsibility is assumed for the accuracy, completeness, timeliness or quality and availability at any time of the data and other information provided. Third-party assessments reproduced here do not necessarily represent the opinion of LVAM AG. All price information is displayed with different time delays depending on the selected stock exchange and type of security and is for private use only.

This website may contain hyperlinks to third-party websites, thereby providing access to “third-party content” that has been produced or made available by operators independent of LVAM AG. We have no influence on these Internet sites and provide them merely as an aid to finding other Internet sites. The fact that LVAM AG provides the hyperlink does not constitute a recommendation, authorization, sponsorship or participation by LVAM AG with respect to these Internet pages, their owners or the persons responsible for them. We have not controlled the information, software or products of such websites. Accordingly, LVAM AG assumes no liability for the content of such third-party websites. The respective provider is solely responsible for the content of the linked pages. LVAM AG is not liable for any damages resulting from the use of the information provided.

No liability is accepted for any damage caused by computer viruses when calling up or downloading data or when installing or using software.

LVAM AG expressly reserves the right to change, supplement or delete opinions expressed on these Internet pages, individual websites or the entire operation of the Internet page, including the services, information, properties or functionalities offered, which are accessible within the scope of the intended use of the Internet page, without prior notice, or to discontinue publication temporarily or permanently. LVAM AG assumes no obligation to update or keep current any information contained herein.

Important note on data protection

Insofar as you provide us with personal data such as your name, home or e-mail address, telephone or fax number or other personal data, we will under no circumstances pass this data on to third parties for their use or storage, unless you have consented to this or we are legally obliged to do so. We use your personal data only to perform the services offered and for correspondence with you. To ensure confidentiality, your data is subject to high security and confidentiality standards. We do not share any of this data with other companies for advertising purposes.

Important note on industrial property rights

All brands and trademarks mentioned on the website and protected by LVAM AG or, if applicable, by third parties are subject without restriction to the applicable trademark law and the rights of the respective registered owners. The copyright for published objects created by LVAM AG itself remains solely with LVAM AG. Any duplication or use of objects such as diagrams, sounds or texts in other electronic or printed publications is not permitted without LVAM AG’s agreement. The same applies to third parties insofar as they hold copyrights to the content of the websites. The copying, downloading, distribution and storage of third-party content is not permitted without their express consent.

If sections or individual terms of this statement are not legal or correct, the content or validity of the other parts remain uninfluenced by this fact.

¹ As defined in Regulation S of the United States Securities Act of 1933. This definition specifically includes residents of the United States and U.S. corporations and partnerships.

Disclaimer

As a visitor to our website, please note the following information. By accessing the lvam.de website, you agree to the content of the following information and confirm that you are a resident of the Federal Republic of Germany. This LVAM AG website is directed only at persons who are residents of the Federal Republic of Germany. Not eligible for access are all other Internet users, in particular persons residing in the USA¹ or those residing in the Netherlands, Great Britain and Northern Ireland, Canada or Japan. All Internet pages within the website at www.lvam.de are available exclusively in German. The following information is for the private information of the users of this website. This and the following Internet pages are governed exclusively by German law.

The responsible creator for these Internet pages is LeanVal Asset Management AG with its registered office at Bleichstraße 52, 60313 Frankfurt, Germany.

These Internet pages are for information purposes only and in particular do not constitute advertising, recommendations, financial or other advice. They are not an offer or invitation to buy or sell securities or financial instruments.

The sole basis for the acquisition of units in investment funds is the respective valid sales prospectus with the contractual terms and conditions in conjunction with the respective latest audited annual report and the semi-annual report, if such a report is more recent than the latest annual report. These documents can be obtained from the respective management company or custodian bank as well as the paying agents. LVAM AG does not assume any liability for the correctness and completeness of the information provided in these documents.

Investment objectives, experience, risk appetite and financial circumstances of the users of these Internet pages cannot be taken into account.

The securities and other financial instruments presented on these Internet pages may therefore not be suitable as investment instruments for every user. It is possible that the purchase of these instruments may be considered risky. In particular, changes in interest rates and exchange rates may adversely affect the value, price or income of the securities or financial instruments mentioned. Information on performance is always based on past performance. For the forecast of future value and price developments, historical price developments are only an inadequate basis and do not constitute a guarantee. Furthermore, the values and prices shown on these web pages may not represent the price or value available on the relevant market at the time a user wishes to buy or sell a particular security, other financial instrument or currency. Furthermore, the information on these web pages does not take into account values or prices that may differ due to the size of a specific transaction. LVAM AG assumes no responsibility for:

  • the suitability for investors of the securities or other financial instruments presented on the websites,
  • the accounting, economic and tax consequences of an investment in the securities or other financial instruments presented,
  • the future performance of the securities or financial instruments.

It is therefore strongly advised to seek independent advice from investment and tax advisors. By opening these Internet pages and accessing the information contained therein, the user does not become a customer of LVAM AG, nor does LVAM AG thereby incur any obligations or responsibilities vis-à-vis this user, in particular no information contract is concluded between LVAM AG and the user of these Internet pages.

These web pages are based on information from sources that we believe to be reliable. However, no responsibility is assumed for the accuracy, completeness, timeliness or quality and availability at any time of the data and other information provided. Third-party assessments reproduced here do not necessarily represent the opinion of LVAM AG. All price information is displayed with different time delays depending on the selected stock exchange and type of security and is for private use only.

This website may contain hyperlinks to third-party websites, thereby providing access to “third-party content” that has been produced or made available by operators independent of LVAM AG. We have no influence on these Internet sites and provide them merely as an aid to finding other Internet sites. The fact that LVAM AG provides the hyperlink does not constitute a recommendation, authorization, sponsorship or participation by LVAM AG with respect to these Internet pages, their owners or the persons responsible for them. We have not controlled the information, software or products of such websites. Accordingly, LVAM AG assumes no liability for the content of such third-party websites. The respective provider is solely responsible for the content of the linked pages. LVAM AG is not liable for any damages resulting from the use of the information provided.

No liability is accepted for any damage caused by computer viruses when calling up or downloading data or when installing or using software.

LVAM AG expressly reserves the right to change, supplement or delete opinions expressed on these Internet pages, individual websites or the entire operation of the Internet page, including the services, information, properties or functionalities offered, which are accessible within the scope of the intended use of the Internet page, without prior notice, or to discontinue publication temporarily or permanently. LVAM AG assumes no obligation to update or keep current any information contained herein.

Important note on data protection

Insofar as you provide us with personal data such as your name, home or e-mail address, telephone or fax number or other personal data, we will under no circumstances pass this data on to third parties for their use or storage, unless you have consented to this or we are legally obliged to do so. We use your personal data only to perform the services offered and for correspondence with you. To ensure confidentiality, your data is subject to high security and confidentiality standards. We do not share any of this data with other companies for advertising purposes.

Important note on industrial property rights

All brands and trademarks mentioned on the website and protected by LVAM AG or by third parties are subject without restriction to the applicable trademark law and the rights of the respective registered owners. The copyright for published objects created by LVAM AG itself remains solely with LVAM AG. Any duplication or use of objects such as diagrams, sounds or texts in other electronic or printed publications is not permitted without LVAM AG’s agreement. The same applies to third parties insofar as they hold copyrights to the content of the websites. The copying, downloading, distribution and storage of third-party content is not permitted without their express consent.

If sections or individual terms of this statement are not legal or correct, the content or validity of the other parts remain uninfluenced by this fact.

¹ As defined in Regulation S of the United States Securities Act of 1933. This definition specifically includes residents of the United States and U.S. corporations and partnerships.

Disclaimer

As a visitor to our website, please note the following information. By accessing the lvam.de website, you agree to the content of the following information and confirm that you are a resident of the Federal Republic of Germany. This LVAM AG website is directed only at persons who are residents of the Federal Republic of Germany. Not eligible for access are all other Internet users, in particular persons residing in the USA¹ or those residing in the Netherlands, Great Britain and Northern Ireland, Canada or Japan. All Internet pages within the website at www.lvam.de are available exclusively in German. The following information is for the private information of the users of this website. This and the following Internet pages are governed exclusively by German law.

The responsible creator for these Internet pages is LVAM AG with its registered office at Bleichstraße 52, 60313 Frankfurt.

These Internet pages are for information purposes only and in particular do not constitute advertising, recommendations, financial or other advice. They are not an offer or invitation to buy or sell securities or financial instruments.

The sole basis for the acquisition of units in investment funds is the respective valid sales prospectus with the contractual terms and conditions in conjunction with the respective latest audited annual report and the semi-annual report, if such a report is more recent than the latest annual report. These documents can be obtained from the respective management company or custodian bank as well as the paying agents. LVAM AG does not assume any liability for the correctness and completeness of the information provided in these documents.

Investment objectives, experience, risk appetite and financial circumstances of the users of these Internet pages cannot be taken into account.

The securities and other financial instruments presented on these Internet pages may therefore not be suitable as investment instruments for every user. It is possible that the purchase of these instruments may be considered risky. In particular, changes in interest rates and exchange rates may adversely affect the value, price or income of the securities or financial instruments mentioned. Information on performance is always based on past performance. For the forecast of future value and price developments, historical price developments are only an inadequate basis and do not constitute a guarantee. Furthermore, the values and prices shown on these web pages may not represent the price or value available on the relevant market at the time a user wishes to buy or sell a particular security, other financial instrument or currency. Furthermore, the information on these web pages does not take into account values or prices that may differ due to the size of a specific transaction. LVAM AG assumes no responsibility for:

  • the suitability for investors of the securities or other financial instruments presented on the websites,
  • the accounting, economic and tax consequences of an investment in the securities or other financial instruments presented,
  • the future performance of the securities or financial instruments.

It is therefore strongly advised to seek independent advice from investment and tax advisors. By opening these Internet pages and accessing the information contained therein, the user does not become a customer of LVAM AG, nor does LVAM AG thereby incur any obligations or responsibilities vis-à-vis this user, in particular no information contract is concluded between LVAM AG and the user of these Internet pages.

These web pages are based on information from sources that we believe to be reliable. However, no responsibility is assumed for the accuracy, completeness, timeliness or quality and availability at any time of the data and other information provided. Third-party assessments reproduced here do not necessarily represent the opinion of LVAM AG. All price information is displayed with different time delays depending on the selected stock exchange and type of security and is for private use only.

This website may contain hyperlinks to third-party websites, thereby providing access to “third-party content” that has been produced or made available by operators independent of LVAM AG. We have no influence on these Internet sites and provide them merely as an aid to finding other Internet sites. The fact that LVAM AG provides the hyperlink does not constitute a recommendation, authorization, sponsorship or participation by LVAM AG with respect to these Internet pages, their owners or the persons responsible for them. We have not controlled the information, software or products of such websites. Accordingly, LVAM AG assumes no liability for the content of such third-party websites. The respective provider is solely responsible for the content of the linked pages. LVAM AG is not liable for any damages resulting from the use of the information provided.

No liability is accepted for any damage caused by computer viruses when calling up or downloading data or when installing or using software.

v AG expressly reserves the right to change, supplement or delete opinions expressed on these Internet pages, individual websites or the entire operation of the Internet page, including the services, information, properties or functionalities offered, which are accessible within the scope of the intended use of the Internet page, without prior notice, or to discontinue the publication temporarily or permanently. LVAM AG assumes no obligation to update or keep current any information contained herein.

Important note on data protection

Insofar as you provide us with personal data such as your name, home or e-mail address, telephone or fax number or other personal data, we will under no circumstances pass this data on to third parties for their use or storage, unless you have consented to this or we are legally obliged to do so. We use your personal data only to perform the services offered and for correspondence with you. To ensure confidentiality, your data is subject to high security and confidentiality standards. We do not share any of this data with other companies for advertising purposes.

Important note on industrial property rights

All brands and trademarks mentioned on the website and protected by LVAM AG or, if applicable, by third parties are subject without restriction to the applicable trademark law and the rights of the respective registered owners. The copyright for published objects created by LVAM AG itself remains solely with LVAM AG. Any duplication or use of objects such as diagrams, sounds or texts in other electronic or printed publications is not permitted without LVAM AG’s agreement. The same applies to third parties insofar as they hold copyrights to the content of the websites. The copying, downloading, distribution and storage of third-party content is not permitted without their express consent.

If sections or individual terms of this statement are not legal or correct, the content or validity of the other parts remain uninfluenced by this fact.

¹ As defined in Regulation S of the United States Securities Act of 1933. This definition specifically includes residents of the United States and U.S. corporations and partnerships.

Disclaimer

As a visitor to our website, please note the following information. By accessing the lvam.de website, you agree to the content of the following information and confirm that you are a resident of the Federal Republic of Germany. This LVAM AG website is directed only at persons who are residents of the Federal Republic of Germany. Not eligible for access are all other Internet users, in particular persons residing in the USA¹ or those residing in the Netherlands, Great Britain and Northern Ireland, Canada or Japan. All Internet pages within the website at www.lvam.de are available exclusively in German. The following information is for the private information of the users of this website. This and the following Internet pages are governed exclusively by German law.

The responsible creator for these Internet pages is Leanval Asset Manamgement (LVAM) AG with its registered office at Bleichstraße 52, 60313 Frankfurt, Germany.

These Internet pages are for information purposes only and in particular do not constitute advertising, recommendations, financial or other advice. They are not an offer or invitation to buy or sell securities or financial instruments.

The sole basis for the acquisition of units in investment funds is the respective valid sales prospectus with the contractual terms and conditions in conjunction with the respective latest audited annual report and the semi-annual report, if such a report is more recent than the latest annual report. These documents can be obtained from the respective management company or custodian bank as well as the paying agents. LVAM AG does not assume any liability for the correctness and completeness of the information provided in these documents.

Investment objectives, experience, risk appetite and financial circumstances of the users of these Internet pages cannot be taken into account.

The securities and other financial instruments presented on these Internet pages may therefore not be suitable as investment instruments for every user. It is possible that the purchase of these instruments may be considered risky. In particular, changes in interest rates and exchange rates may adversely affect the value, price or income of the securities or financial instruments mentioned. Information on performance is always based on past performance. For the forecast of future value and price developments, historical price developments are only an inadequate basis and do not constitute a guarantee. Furthermore, the values and prices shown on these web pages may not represent the price or value available on the relevant market at the time a user wishes to buy or sell a particular security, other financial instrument or currency. Furthermore, the information on these web pages does not take into account values or prices that may differ due to the size of a specific transaction. LVAM AG assumes no responsibility for:

  • the suitability for investors of the securities or other financial instruments presented on the websites,
  • the accounting, economic and tax consequences of an investment in the securities or other financial instruments presented,
  • the future performance of the securities or financial instruments.

It is therefore strongly advised to seek independent advice from investment and tax advisors. By opening these Internet pages and accessing the information contained therein, the user does not become a customer of LVAM AG, nor does LVAM AG thereby incur any obligations or responsibilities vis-à-vis this user, in particular no information contract is concluded between LVAM AG and the user of these Internet pages.

These web pages are based on information from sources that we believe to be reliable. However, no responsibility is assumed for the accuracy, completeness, timeliness or quality and availability at any time of the data and other information provided. Third-party assessments reproduced here do not necessarily represent the opinion of LVAM AG. All price information is displayed with different time delays depending on the selected stock exchange and type of security and is for private use only.

This website may contain hyperlinks to third-party websites, thereby providing access to “third-party content” that has been produced or made available by operators independent of LVAM AG. We have no influence on these Internet sites and provide them merely as an aid to finding other Internet sites. The fact that LVAM AG provides the hyperlink does not constitute a recommendation, authorization, sponsorship or participation by LVAM AG with respect to these Internet pages, their owners or the persons responsible for them. We have not controlled the information, software or products of such websites. Accordingly, LVAM AG assumes no liability for the content of such third-party websites. The respective provider is solely responsible for the content of the linked pages. LVAM AG is not liable for any damages resulting from the use of the information provided.

No liability is accepted for any damage caused by computer viruses when calling up or downloading data or when installing or using software.

LVAM AG expressly reserves the right to change, supplement or delete opinions expressed on these Internet pages, individual websites or the entire operation of the Internet page, including the services, information, properties or functionalities offered, which are accessible within the scope of the intended use of the Internet page, without prior notice, or to discontinue publication temporarily or permanently. LVAM AG assumes no obligation to update or keep current any information contained herein.

Important note on data protection

Insofar as you provide us with personal data such as your name, home or e-mail address, telephone or fax number or other personal data, we will under no circumstances pass this data on to third parties for their use or storage, unless you have consented to this or we are legally obliged to do so. We use your personal data only to perform the services offered and for correspondence with you. To ensure confidentiality, your data is subject to high security and confidentiality standards. We do not share any of this data with other companies for advertising purposes.

Important note on industrial property rights

All brands and trademarks mentioned on the website and protected by LVAM AG or by third parties are subject without restriction to the applicable trademark law and the rights of the respective registered owners. The copyright for any material created by LVAM AG is reserved. Any duplication or use of objects such as diagrams, sounds or texts in other electronic or printed publications is not permitted without LVAM AG’s agreement. The same applies to third parties insofar as they hold copyrights to the content of the websites. The copying, downloading, distribution and storage of third-party content is not permitted without their express consent.

If sections or individual terms of this statement are not legal or correct, the content or validity of the other parts remain uninfluenced by this fact.

¹ As defined in Regulation S of the United States Securities Act of 1933. This definition specifically includes residents of the United States and U.S. corporations and partnerships.

Disclaimer

As a visitor to our website, please note the following information. By accessing the lvam.de website, you agree to the content of the following information and confirm that you are a resident of the Federal Republic of Germany. This website of LeanVal Asset Management AG is directed only at persons who are residents of the Federal Republic of Germany. Not eligible for access are all other Internet users, in particular persons residing in the USA¹ or those residing in the Netherlands, Great Britain and Northern Ireland, Canada or Japan. All Internet pages within the website at www.lvam.de are available exclusively in German. The following information is for the private information of the users of this website. This and the following Internet pages are governed exclusively by German law.

The responsible creator for these Internet pages is LeanVal Asset Management (LVAM) AG with its registered office at Bleichstraße 52, 60313 Frankfurt, Germany.

These Internet pages are for information purposes only and in particular do not constitute advertising, recommendations, financial or other advice. They are not an offer or invitation to buy or sell securities or financial instruments.

The sole basis for the acquisition of units in investment funds is the respective valid sales prospectus with the contractual terms and conditions in conjunction with the respective latest audited annual report and the semi-annual report, if such a report is more recent than the latest annual report. These documents can be obtained from the respective management company or custodian bank as well as the paying agents. LVAM AG does not assume any liability for the correctness and completeness of the information provided in these documents.

Investment objectives, experience, risk appetite and financial circumstances of the users of these Internet pages cannot be taken into account.

The securities and other financial instruments presented on these Internet pages may therefore not be suitable as investment instruments for every user. It is possible that the purchase of these instruments may be considered risky. In particular, changes in interest rates and exchange rates may adversely affect the value, price or income of the securities or financial instruments mentioned. Information on performance is always based on past performance. For the forecast of future value and price developments, historical price developments are only an inadequate basis and do not constitute a guarantee. Furthermore, the values and prices shown on these web pages may not represent the price or value available on the relevant market at the time a user wishes to buy or sell a particular security, other financial instrument or currency. Furthermore, the information on these web pages does not take into account values or prices that may differ due to the size of a specific transaction. LVAM AG assumes no responsibility for:

  • the suitability for investors of the securities or other financial instruments presented on the websites,
  • the accounting, economic and tax consequences of an investment in the securities or other financial instruments presented,
  • the future performance of the securities or financial instruments.

It is therefore strongly advised to seek independent advice from investment and tax advisors. By opening these Internet pages and accessing the information contained therein, the user does not become a customer of LVAM AG, nor does LVAM AG thereby incur any obligations or responsibilities vis-à-vis this user, in particular no information contract is concluded between LVAM AG and the user of these Internet pages.

These web pages are based on information from sources that we believe to be reliable. However, no responsibility is assumed for the accuracy, completeness, timeliness or quality and availability at any time of the data and other information provided. Third-party assessments reproduced here do not necessarily represent the opinion of LVAM AG. All price information is displayed with different time delays depending on the selected stock exchange and type of security and is for private use only.

This website may contain hyperlinks to third-party websites, thereby providing access to “third-party content” that has been produced or made available by operators independent of LVAM AG. We have no influence on these Internet sites and provide them merely as an aid to finding other Internet sites. The fact that LVAM AG provides the hyperlink does not constitute a recommendation, authorization, sponsorship or participation by LVAM AG with respect to these Internet pages, their owners or the persons responsible for them. We have not controlled the information, software or products of such websites. Accordingly, LVAM AG assumes no liability for the content of such third-party websites. The respective provider is solely responsible for the content of the linked pages. LVAM AG is not liable for any damages resulting from the use of the information provided.

No liability is accepted for any damage caused by computer viruses when calling up or downloading data or when installing or using software.

LVAM AG expressly reserves the right to change, supplement or delete opinions expressed on these Internet pages, individual websites or the entire operation of the Internet page, including the services, information, properties or functionalities offered, which are accessible within the scope of the intended use of the Internet page, without prior notice, or to discontinue publication temporarily or permanently. LVAM AG assumes no obligation to update or keep current any information contained herein.

Important note on data protection

Insofar as you provide us with personal data such as your name, home or e-mail address, telephone or fax number or other personal data, we will under no circumstances pass this data on to third parties for their use or storage, unless you have consented to this or we are legally obliged to do so. We use your personal data only to perform the services offered and for correspondence with you. To ensure confidentiality, your data is subject to high security and confidentiality standards. We do not share any of this data with other companies for advertising purposes.

Important note on industrial property rights

All brands and trademarks mentioned on the website and protected by LVAM AG or, if applicable, by third parties are subject without restriction to the applicable trademark law and the rights of the respective registered owners. The copyright for published objects created by LVAM AG itself remains solely with LVAM AG. Any duplication or use of objects such as diagrams, sounds or texts in other electronic or printed publications is not permitted without LVAM AG’s agreement. The same applies to third parties insofar as they hold copyrights to the content of the websites. The copying, downloading, distribution and storage of third-party content is not permitted without their express consent.

If sections or individual terms of this statement are not legal or correct, the content or validity of the other parts remain uninfluenced by this fact.

¹ As defined in Regulation S of the United States Securities Act of 1933. This definition specifically includes residents of the United States and U.S. corporations and partnerships.

Disclaimer

As a visitor to our website, please note the following information. By accessing the lvam.de website, you agree to the content of the following information and confirm that you are a resident of the Federal Republic of Germany. This website of LeanVal Asset Management (LVAM) AG is directed only at persons who are residents of the Federal Republic of Germany. Not eligible for access are all other Internet users, in particular persons residing in the USA¹ or those residing in the Netherlands, Great Britain and Northern Ireland, Canada or Japan. All Internet pages within the website at www.lvam.de are available exclusively in German. The following information is for the private information of the users of this website. This and the following Internet pages are governed exclusively by German law.

The responsible creator for these Internet pages is LeanVal Asset Management AG with its registered office at Bleichstraße 52, 60313 Frankfurt, Germany.

These Internet pages are for information purposes only and in particular do not constitute advertising, recommendations, financial or other advice. They are not an offer or invitation to buy or sell securities or financial instruments.

The sole basis for the acquisition of units in investment funds is the respective valid sales prospectus with the contractual terms and conditions in conjunction with the respective latest audited annual report and the semi-annual report, if such a report is more recent than the latest annual report. These documents can be obtained from the respective management company or custodian bank as well as the paying agents. LVAM AG does not assume any liability for the correctness and completeness of the information provided in these documents.

Investment objectives, experience, risk appetite and financial circumstances of the users of these Internet pages cannot be taken into account.

The securities and other financial instruments presented on these Internet pages may therefore not be suitable as investment instruments for every user. It is possible that the purchase of these instruments may be considered risky. In particular, changes in interest rates and exchange rates may adversely affect the value, price or income of the securities or financial instruments mentioned. Information on performance is always based on past performance. For the forecast of future value and price developments, historical price developments are only an inadequate basis and do not constitute a guarantee. Furthermore, the values and prices shown on these web pages may not represent the price or value available on the relevant market at the time a user wishes to buy or sell a particular security, other financial instrument or currency. Furthermore, the information on these web pages does not take into account values or prices that may differ due to the size of a specific transaction. LVAM AG assumes no responsibility for:

  • the suitability for investors of the securities or other financial instruments presented on the websites,
  • the accounting, economic and tax consequences of an investment in the securities or other financial instruments presented,
  • the future performance of the securities or financial instruments.

It is therefore strongly advised to seek independent advice from investment and tax advisors. By opening these Internet pages and accessing the information contained therein, the user does not become a customer of LVAM AG, nor does LVAM AG thereby incur any obligations or responsibilities vis-à-vis this user, in particular no information contract is concluded between LVAM AG and the user of these Internet pages.

These web pages are based on information from sources that we believe to be reliable. However, no responsibility is assumed for the accuracy, completeness, timeliness or quality and availability at any time of the data and other information provided. Third-party assessments reproduced here do not necessarily represent the opinion of LVAM AG. All price information is displayed with different time delays depending on the selected stock exchange and type of security and is for private use only.

This website may contain hyperlinks to third-party websites, thereby providing access to “third-party content” that has been produced or made available by operators independent of LVAM AG. We have no influence on these Internet sites and provide them merely as an aid to finding other Internet sites. The fact that LVAM AG provides the hyperlink does not constitute a recommendation, authorization, sponsorship or participation by LVAM AG with respect to these Internet pages, their owners or the persons responsible for them. We have not controlled the information, software or products of such websites. Accordingly, LVAM AG assumes no liability for the content of such third-party websites. The respective provider is solely responsible for the content of the linked pages. LVAM AG is not liable for any damages resulting from the use of the information provided.

No liability is accepted for any damage caused by computer viruses when calling up or downloading data or when installing or using software.

LVAM AG expressly reserves the right to change, supplement or delete opinions expressed on these Internet pages, individual websites or the entire operation of the Internet page, including the services, information, properties or functionalities offered, which are accessible within the scope of the intended use of the Internet page, without prior notice, or to discontinue publication temporarily or permanently. LVAM AG assumes no obligation to update or keep current any information contained herein.

Important note on data protection

Insofar as you provide us with personal data such as your name, home or e-mail address, telephone or fax number or other personal data, we will under no circumstances pass this data on to third parties for their use or storage, unless you have consented to this or we are legally obliged to do so. We use your personal data only to perform the services offered and for correspondence with you. To ensure confidentiality, your data is subject to high security and confidentiality standards. We do not share any of this data with other companies for advertising purposes.

Important note on industrial property rights

All brands and trademarks mentioned on the website and protected by LVAM AG or, if applicable, by third parties are subject without restriction to the applicable trademark law and the rights of the respective registered owners. The copyright for published objects created by LVAM AG itself remains solely with LVAM AG. Any duplication or use of objects such as diagrams, sounds or texts in other electronic or printed publications is not permitted without LVAM AG’s agreement. The same applies to third parties insofar as they hold copyrights to the content of the websites. The copying, downloading, distribution and storage of third-party content is not permitted without their express consent.

If sections or individual terms of this statement are not legal or correct, the content or validity of the other parts remain uninfluenced by this fact.

¹ As defined in Regulation S of the United States Securities Act of 1933. This definition specifically includes residents of the United States and U.S. corporations and partnerships.