Access to the information contained herein may be restricted by laws and regulations applicable to the user and so the user should ensure that the use of this information and the making of any investment as a result does not contravene any such restrictions. In particular, this information does not constitute an offer to sell or the solicitation of any offer to subscribe to, underwrite or purchase any securities in the United States of America or elsewhere, to or for the benefit of United States persons or any other persons.

Past performance is not necessarily a guide to the future. The value of your investment can go down as well as up and an investor may not get back the amount originally invested.  Foreign exchange exposure may increase the volatility of returns.

This web site is approved, for the purposes of UK regulation, by Montanaro solely to give information about Montanaro and the funds it manages and does not constitute the provision of investment advice as defined under the FSA Rules and Financial Services Act 1986.

All data has been sourced by Montanaro. However, whilst all reasonable steps have been taken to ensure the accuracy of the information provided, Montanaro has no liability to any persons for any errors or omissions. The information contained in this memorandum is for background purposes only, is not to be relied upon by any recipient, and is subject to material updating, revision and amendment and no representation or warranty, express or implied, is made, and no liability whatsoever is accepted in relation thereto.

Prior to making any investment decision, you may wish to consult your financial adviser, stockbroker, accountant, banker, lawyer or other professional adviser.

Montanaro Asset Management Limited is authorised and regulated by the Financial Services Authority (FSA).

Bribery Act 2010

Montanaro Asset Management Limited (the “Firm”) is committed to ensuring that it, its directors, staff and agents and anyone contracted to it comply with the requirements of the UK Bribery Act 2010.

The Firm is committed to conducting its business fairly, honestly and openly, and has a zero- tolerance approach towards bribery and corruption. 

The Firm has implemented a risk-based approach to identify areas where it may be at risk to bribery and has put in place systems and procedures to reduce and manage this risk.  It reserves the right not to deal with other entities that do not make the same commitment.

The Firm has adopted and implemented a number of policies and procedures which are intended to prevent the Firm, its directors, staff or agents being involved in bribery. These are reviewed regularly to ensure they remain effective.   

For further information on the Firm’s bribery risk policies and procedures please contact the Compliance Officer, to whom the directors have given day-to-day responsibility for ensuring that the Firm’s anti-bribery policies and procedures are adhered to.