Terms and Conditions

Please read these terms and conditions carefully before proceeding further with www.institutional.bnpparibas-am.com.

The use of this website is reserved for institutional investors only.

If any of these terms and conditions are found by any court or other competent authority to be illegal, unlawful or unenforceable, then the remainder of the terms and conditions shall continue to be valid and enforceable to the fullest extent permitted by law. It is the users´ responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction. The information published on www.institutional.bnpparibas-am.com does not constitute a solicitation, offer or recommendation to purchase or sell investment instruments or to enter into any other transaction. The information contained on www.institutional.bnpparibas-am.com is intended for general information purposes only. All information is subject to change without notice. The information published should not be used as a substitute for any form of advice. The information on www.institutional.bnpparibas-am.com has not been prepared taking into account specific investment objectives, financial situations and needs of any particular institutional investor, and therefore may not be suitable for you. You should verify all information before relying on it. Decisions based on the information provided on or via www.institutional.bnpparibas-am.com are for your own account and risk. We recommend institutional investors to seek advice from professional financial advisors in order to seek support in assessing the suitability and appropriateness of a possible investment. Every institutional investor needs to carefully read and understand the respective prospectus before making any investment decision. BNP Paribas Asset Management* has attempted to provide accurate and up-to-date information. www.institutional.bnpparibas-am.com may include technical or editorial inaccuracies or typographical errors. BNP Paribas Asset Management makes no warranties or representations, expressly or implied, as to whether information contained on or via www.institutional.bnpparibas-am.com is accurate, complete or up-to-date. BNP Paribas Asset Management is not obliged to update the information provided or to correct inaccuracies or errors. No rights accrue from the information published on www.institutional.bnpparibas-am.com. BNP Paribas Asset Management does not represent or warrant that the website will function without error or interruption.

You agree that www.institutional.bnpparibas-am.com is provided exclusively for your benefit. Neither BNP Paribas Asset Management nor any company which controls is controlled by or is under common control with it shall be liable in any manner or form for providing www.institutional.bnpparibas-am.com, including but not limited to, any of the following:

a. if you are unable to access and/or utilize www.institutional.bnpparibas-am.com due to any reason beyond BNP Paribas Asset Management´ control including any technical, communication or network malfunction or breakdown;

b. for any loss or damage that may arise or be incurred directly or indirectly by reason from any malfunction or failure of www.institutional.bnpparibas-am.com;

c. for any change, alteration, additions or deletions to these Terms and Conditions, www.institutional.bnpparibas-am.com, the systems of operation of www.institutional.bnpparibas-am.com or the daily cut-off times;

Country of residence

www.institutional.bnpparibas-am.com contains general information concerning BNP Paribas Asset Management and does not refer to funds that are registered in different jurisdictions. This information cannot be considered as information on financial instruments and / or certain funds and is in particular not directed at persons who are prohibited from accessing this information according to the laws and regulations of their country of residence. For the avoidance of doubt, the products or services available at www.institutional.bnpparibas-am.com may not be available to U.S. investors. These products or services may neither be registered under the U.S. Securities Act of 1933 nor the Investment Company Act of 1940.

Performance figures

The value of your investment may fluctuate. Past performance is no guarantee for future returns. Actual results could differ materially from any forward-looking statements posted on www.institutional.bnpparibas-am.com. Changes in the currency exchange rate may cause the value of investments to fluctuate where the investment involves exposure to other currencies than that in which the investment was acquired.

Conflicts of interest

BNP Paribas Asset Management and its affiliates and subsidiaries and/or their officers, directors or employees may have or have had holdings or positions or may deal or have dealt as market makers in the relevant securities, if mentioned. Furthermore, BNP Paribas Asset Management its affiliates and subsidiaries and/or their officers, directors or employees may have or have had business dealings with the companies concerned and may provide or have provided corporate finance or other services to these companies, or may hold or have held a seat on their executive boards.

Sources

All externally sourced information has been obtained from providers believed to be reliable, but its accuracy, timeliness, suitability and completeness is not guaranteed. For further information on fund(s), please contact an authorized distributor of the fund(s).

Links

This website may also contain links to websites which are published by third parties and third party websites may also feature links to this website. BNP Paribas Asset Management has not reviewed any third party websites which refer to this website or to which this website refers for accuracy, topicality and / or completeness. BNP Paribas Asset Management declines any liability in this matter. The fact that a link has been created to a third party website or that permissions have been given to a third party website to contain a link to this website, in no way means that BNP Paribas Asset Management approves or recommends neither any content nor any products or services offered on a third party website. If you visit a third party website by following a link on this website this will be at your own risk.

Exclusion of liability

Neither BNP Paribas Asset Management nor any of its affiliates, subsidiaries, agents or subcontractors shall be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including lost profits (even if BNP Paribas Asset Management is advised of the possibility thereof) arising in any way from (i) the information contained on www.institutional.bnpparibas-am.com (ii) any information transmitted via www.institutional.bnpparibas-am.com or (iii) the functioning or non-availability of www.institutional.bnpparibas-am.com. BNP Paribas Asset Management is not liable for any damages or losses that may be caused to any equipment and other software due to any viruses, defects or malfunctions in connection with access or use of www.institutional.bnpparibas-am.com. This exclusion of liability is also made for the benefit of directors and employees of BNP Paribas Asset Management and its affiliates and subsidiaries.

Communication online

By transmitting information via www.institutional.bnpparibas-am.com, you accept the risk that the information you transmit to us and any information that we transmit to you may be intercepted and modified by a third party. Messages that you send to us by e-mail may not be secure. We recommend that you do not send any confidential information to us by e-mail. If you choose to send any confidential information to us via e-mail, you accept the risk that this information may be intercepted and modified by a third party.

Intellectual property

BNP Paribas Asset Management, or the relevant owner, retains all rights (including copyrights, trademarks, patents as well as any other intellectual property right) in relation to all information contained on www.institutional.bnpparibas-am.com (including all texts, graphics and logos). You do not receive any license in relation to such information except for the limited purpose of online accessing and viewing of www.institutional.bnpparibas-am.com. You may not copy, publish, distribute or reproduce any of the information contained on www.institutional.bnpparibas-am.com in any form without the prior written consent of BNP Paribas Asset Management or the appropriate consent of the owner.

Privacy and Cookies

The Company or its affiliates may process your personal data as part of and/or in connection with your use and access of this website. This may include using cookies or similar technology to collect information about your use of the website. For more information on how the Company collects and uses your personal data, please see our Data Protection Notice. For more information on how the Company uses cookies, please see the Cookies Policy. By accessing and/ or using the website you acknowledge that you have been informed that cookies are used on this website and consent to us processing your personal data and using cookies, as set out in our Cookies Policy. You agree that if you choose not to permit the Company to use and store cookies on your computer or device, you will need to alter your internet browser settings so that cookies are not permitted. You accept that rejecting the Company’s cookies in this way may mean that parts of the website may not function properly or be accessible.

Applicable legislation and jurisdiction in law

Your access to, visit to and / or use of this website and these GTC are governed by and will be interpreted in accordance with French legislation. The courts in France shall have sole jurisdiction regarding any dispute in this regard, notwithstanding the fact that the Asset Manager may chose another court that has jurisdiction regarding a similar dispute in accordance with an applicable item of legislation.

*“BNP Paribas Asset Management” is the global brand name of the BNP Paribas group’s asset management services. . The individual asset management entities within BNP Paribas Asset Management if specified herein, are specified for information only and do not necessarily carry on business in your jurisdiction. For further information, please contact your locally licensed Investment Partner.

Emerging Market Fixed Income Monthly Outlook – January 2016