HSZ’s insurance-linked strategies offer a diverse range of investments in catastrophe risk markets that are not correlated with traditional asset classes.

Disclaimer

This newsletter is for information purposes only and has been provided to you upon request. It may not be reproduced or redistributed to any other person. The information and data presented in this newsletter are not to be considered as an offer or solicitation to buy, sell or subscribe to the Fund. This newsletter relies on information obtained from sources deemed reliable but it does not engage the responsibility of HSZ (Hong Kong) Limited or any other party mentioned in the newsletter. The value and income of any of the securities or financial instruments mentioned in this newsletter may fall as well as rise and, as a consequence, investors may receive back less than originally invested, including a loss of the amount invested. Risk factors are listed in the fund’s prospectus and are not intended to be reproduced in full in this newsletter. Investors should understand these risks before taking any decision with respect to these instruments. Past performance is neither a guarantee nor a reliable indicator of future results. Performance data does not include the commissions and fees charged at the time of subscribing for or redeeming shares. This marketing material is not intended to be a substitute for the fund’s full documentation or for any information which investors should obtain from their financial intermediaries acting in relation to their investment in the fund mentioned in this document. The latest versions of the Fund’s prospectus and fund contract, semi-annual and annual reports as well as the Key Investor Information Documents (KIIDs) must be read before investing. They are available free of charge at the office of the Management company, CAIAC Fund Management AG, Haus Atzig, Industriestrasse 2, FL-9487 Bendern. The depositary bank of the Fund is LLB AG, Städtle 44, FL-9490 Vaduz.

The products and services described herein are not available nor offered to US persons and must not be publicly offered to persons residing in Hong Kong, or any other country restricting the offer of such products or services. 

Hong Kong: This document may be distributed only to persons who are “professional investors” as defined in the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong) and any rules made there under. Neither this document nor any Fund described herein has been reviewed by any regulatory authority in Hong Kong. If you are in any doubt about any of the contents of this document, you should obtain independent professional advice. 

Switzerland: This document may be distributed in Switzerland to institutional clients and professional clients, including high-net worth individuals (HNWI), who declare that they wish to be treated as professional clients. In Switzerland, the prospectus, the key information document (PRIIP KID) and the annual reports and the semi-annual reports are available free of charge from the Swiss Representative and Paying Agent: RBC Investor Services Bank S.A., Esch-sur-Alzette, Zurich branch, Bleicherweg 7, CH-8027 Zurich. 

Korea: The Fund makes no representation with respect to the eligibility of any recipients of this document to acquire the interests in the Fund (the “Interests”) under the laws of Korea, including, without limitation, the Foreign Exchange Transaction Law and Regulations thereunder.  The Interests have not been registered for public offering with the Financial Services Commission of Korea (the “FSC”) in Korea under the Financial Investment Services and Capital Markets Act of Korea, and the Interests may not be offered, sold or delivered, or offered or sold to any person for reoffering or resale, directly or indirectly, in Korea or to any resident of Korea except pursuant to applicable laws and regulations of Korea.  Furthermore, the Interests may not be resold to Korean residents unless the purchaser of the Interests complies with all applicable regulatory requirements (including, without limitation, governmental approval requirements under the Foreign Exchange Transaction Law and its subordinate decrees and regulations) in connection with the purchase of the Interests. 

Singapore: This document is not a prospectus as defined in the Securities and Futures Act, Chapter 289 of Singapore (“SFA”) and has not been registered as a prospectus with the Monetary Authority of Singapore. Accordingly, statutory liability under the SFA in relation to the content of prospectuses would not apply, and this document should not be construed in any way as a solicitation or an offer to buy or sell any interest or investment referred to in this document. You should consider carefully whether the investment is suitable for you. The product named in this document is not authorised or recognized by the Monetary Authority of Singapore (the “MAS”) and none of its interests / shares / units shall be allowed to be offered to retail public in Singapore. This document may be distributed only (i) to persons who are “institutional investors” under section 304 of the SFA, or (ii) to persons who are “relevant persons” under section 305(1) of the SFA or persons pursuant to section 305(2) of the SFA if (and only if) this document forms part of the prospectus or information memorandum for the fund(s), and such distribution is otherwise in accordance withthe conditions specified in section 305 of the SFA. 

Japan: This document has been prepared for product planning purposes and does not constitute an offer to buy, an undertaking, or a solicitation of an offer to buy financial products, nor does it intend to propose trade terms of financial products. No registration has been made or will be made under Article 4, Paragraph 1 of the Financial Instruments and Exchange Act of Japan, as amended (“FIEA”) with respect to the offering of the share because the offering of the share is made by way of a private placement only to qualified institutional investors as defined in Article 2, Paragraph 3, Item 1 of the FIEA (“QIIs”) in accordance with Article 2, Paragraph 3, Item 2(i) the FIEA. No shares may be transferred or assigned to any person that is not a QII.