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The information on this website is not intended as the investment advice of Opalesque. Nothing in this website or Opalesque email services should under any circumstances be considered as such or as an attempt to promote or an offer to sell or a solicitation to buy any of the investments mentioned in it or to make any investment decision. Opalesque. does not guarantee and takes no responsibility for the accuracy of the information and the statistics contained in this document. The following pages contain information concerning financial services and investment products and funds incorporated and registered in different jurisdictions. Readers are warned that the investment funds featured are not suitable for members of the general public and that investment fund prices can go down as well as up. Shares in the investment funds mentioned may not be eligible or suitable for sale in some jurisdictions and are not offered to the public in the United States.

Access to this information may be restricted by laws and regulations applicable to the user, especially the law of the country where this Web Site is accessed. It is the user's responsibility to be informed and to observe all applicable laws and regulations of any relevant jurisdiction. The information contained in this Web Site does not constitute an offer or solicitation to sell any security or fund to or by anyone in any jurisdictions, nor should it be regarded as a contractual document. Under no circumstances should the information provided on this Web Site be considered as investment advice, or as a sufficient basis on which to make investment decisions. The information contained herein has been gathered by Opalesque. deemed reliable as of the date of publication, but no warranty of accuracy or completeness is given. Opalesque. is not responsible for and provides no guarantee with respect to any of the information provided herein or through the use of any hypertext link. Opinions and estimates constitute Opalesque.'s judgement and are subject to change without notice. Opalesque. authorizes each user to download or print the information herein for personal use only (except information accessed by hypertext link). Any diffusion in whatever manner, commercial or not, is expressly prohibited. With the exception of the right to print or download for personal use described hereabove, any reproduction, copy, transfer to or reference of this Web Site by hypertext link, and any dissemination, reproduction, modification or translation in whole or in part, with respect to any information provided in this Web Site is strictly forbidden. Past performance is no guarantee of future results.

The Funds may from time to time use options and futures which are highly specialised and entail greater than ordinary investment risks. In addition, the Funds may hold warrants which involve a high degree of gearing. Thus is relatively small movement in the price of a security to which the warrant relates may result in a disproportionately large percentage movement, unfavourable as well as favourable, in the price of the warrant.

No Warranty
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Starting summer 2004, Alternative Market Briefing will be published only to paying subscribers. Subscribers will receive an email with a link that directs them to the current newsletter that will accessible on the website. The newsletter, the archive and other important parts of the website will be password protected.

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Promotion Codes
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