LeanVal Asset Management AG
LeanVal Asset Management AG

Empowerment Fund

Empowerment Fund

The Empowerment Fund addresses the two key issues of U.S. university funds, providing access to an innovative investment:

1. long-term successful asset allocation as the core of the investment approach

  • Orientation towards the investment approach of US universities
  • Broadly diversifying mixed fund aiming at equity-like returns with significantly lower volatility.
  • High proportion of liquid alternative investments and comparatively low proportion of fixed income instruments.

Some aspects of the Endowment Model, such as illiqidity as a source of return, lead to risks that should not be assumed in this way. That is why the Empowerment Fund deliberately does not simply replicate the Endowment approach, but modifies it extensively. Adopted strategic asset allocation as a fundamental factor and implements it in a UCITS mutual fund.

The current portfolio therefore consists of a broadly diversified equity portfolio (40-45%) in combination with a relatively small bond component of just over 10%. Over 40% of the assets are invested in alternative strategies to further diversify the portfolio. The relatively high proportion of Liquid Alternatives (~20% of NAV) consists of market neutral or negatively correlated to equities strategies to optimize the overall profile of the fund in negative equity market phases.

2. optional: donation of a share of income for the promotion of charitable projects (Partner share classes)

  • Transferring portions of earnings to a fund partner to finance charitable projects.
  • Involvement of investors in the selection of funded projects
  • The capital stock is only temporarily transferred and can be easily reclaimed by selling the fund units if required.
  • Munich Business School was won as the first partner for the new fund concept. Subscriptions from alumni and those close to the Institute will be used to fund scholarships and community service projects in the area of the university. At the same time, this is intended to intensify the dialog between Munich Business School and its supporters.

Long-term successful asset allocation as the core of the investment approach

Through our multi-asset strategy, the combination of different asset classes, we achieve a broadly diversified portfolio with an equity-like return with significantly lower fluctuations.

The weighting of asset classes as well as individual portfolio components is directly based on the successful US university funds. A central component of these successful concepts is a high proportion of alternative investments and equities as well as a comparatively low proportion of fixed-income instruments. The Empowerment Fund thus addresses the two key issues of U.S. university funds, providing access to an innovative investment.

Modifications to the US Endowment Strategy

Some aspects of the US Endowment strategy, such as illiquidity as a source of return, lead to risks that are not assumed. Therefore, the Empowerment Fund deliberately does not simply replicate the Endowment approach, but modifies it to create goal congruence. Accordingly, LeanVal Asset Management’s Empowerment Fund is based on the established strategic asset allocation of U.S. Endowments as a fundamental factor with an increased proportion of Alternative Strategies and Liquid Alternatives.

Information material

Service Provider

Investment Manager:
LeanVal Asset Management AG
Bleichstraße 52
60313 Frankfurt am Main

Capital Management Company:
HANSAINVEST Hanseatische Investment-GmbH (HI)

Depository:
Cologne District Savings Bank

Investment Opportunities

Liquidity:
Daily

WKN:
I Class: A2PYPF

ISIN:
I Class: DE000A2PYPF9

Minimum investment:
1 fund share

Share price:
EUR 100.00 at the issue date April 15, 2020

Fees

Depositary fee:
max. 0.25% p.a.

Management fee:
I Class: 1.15% p.a. (LVAM) + 0.20% p.a. (HI)

Profit sharing:
20% with High Watermark and 4% Hurdle Rate

Documents

I class

Fund platforms and points of sale

The Empowerment Fund can be subscribed via the usual fund platforms or sales outlets.

Contact

Axel Gauss

+49 69 9494 88 022 Axel.Gauss@lvam.de

Thomas Hunger

+49 69 9494 88 041 Thomas.Hunger@lvam.de

© 2023 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.

I agree to the conditions

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.

I agree to the conditions

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.

I agree to the conditions
Private investors
Institutional investor
Financial services provider

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.

I agree to the conditions

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.

I agree to the conditions

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.

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