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Information for private investors



The content and information on the following website are aimed at private investors in countries in which the respective fund is authorised for distribution.

The respective funds may not be offered for sale within the USA or to U.S. citizens or to U.S. persons domiciled in the USA, nor be sold to the aforementioned. The following published documents and their content may not be distributed in the USA or in other countries in which the respective fund is not authorised for distribution. Please refer to the respective sales prospectuses of the particular investment funds for further details of relevant limitations.

Where the following website and its contents are offered in English, the purpose is merely to provide non-binding translations for information.

I have read, understood and acknowledged the limitations on distribution, the legal information including the terms and conditions of use as well as the data protection notices.
I agree

Information for professional investors



Please note that the translation of the German website into English is exclusively for investors in Germany.
The following website and its English contents are offered to provide a non-binding translation for information purposes.



The following website and its content are intended for our professional investors, such as banks, financial service providers and brokers in accordance with § 34 f of the German Trade, Commerce and Industry Regulation Act (Gewerbeordnung, GewO). They are also aimed at professional investors pursuant to the statutory requirements of the Markets in Financial Instruments Directive (MiFID). Accordingly, professional investors are investors of whom it can be assumed that they have the necessary experience, knowledge and expertise for making investment decisions and adequate assessments of the associated risks. In particular, this includes asset managers, sales partners and financial intermediaries.

The information that has been placed on the following website does not in principle take account of statutory requirements for the presentation of information for private investors and is therefore not suitable or intended for private investors. The following content is consequently intended for professional investors and should not in principle be made accessible to private investors. In particular, this applies to diagrams, texts, videos and other depictions on the website.

The following applies for PDF documents:

There are two groups of PDF documents on the following website. Unless expressly indicated, access to all uploaded PDF documents can be granted to private customers in the course of distribution. If PDF documents are not suited to being passed on to private customers, this should be indicated accordingly on the document, for example, with a text containing the following content: “This document is intended for professional investors only and should not be made accessible to private investors”.

The respective funds may not be offered for sale within the USA or to U.S. citizens or to U.S. persons domiciled in the USA, nor be sold to the aforementioned. The following published documents and their content may not be distributed in the USA or in other countries in which the respective fund is not authorised for distribution. Please refer to the respective sales prospectuses of the particular investment funds for further details of relevant limitations.

Where the following website and its contents are offered in English, the purpose is merely to provide non-binding translations for information.

I have read, understood and acknowledged the limitations on distribution, the legal information including the terms and conditions of use as well as the data protection notices.
I agree

Data Protection

Data protection information

Protection of your personal data on visiting the websites of the Sauren Financial Group (Sauren Finanzdienstleistungen GmbH & Co. KG, Sauren Fonds-Service AG, Sauren Fonds-Research AG) is a high priority for the company. The Sauren Financial Group naturally protects your data within the framework of the statutory regulations. Your data will not be passed to third parties. The following paragraphs inform you of the nature, scope and purpose of data collection and use of personal data.

Collection and processing of data

On accessing Sauren Financial Group web pages and calling up a file stored on these web pages, data is automatically transferred to our web servers for technical reasons. On each query (e.g. accessing a page) the web servers save data. Data such as date and time of access to the web pages, URL of the linking web page, file called up, quantity of data sent, browser type and version and operating system are logged. The IP address of the computer originating the query is also logged. Sauren Financial Group uses this data only for the standard statistical reports (e.g. determining the number of visitors to the web pages). Other personal data is only collected if you as a user of the web pages provide the information voluntarily in the course of using the web pages.

If you send us an email, your email address is only used for corresponding with you or sending you information material. It is not passed to third parties.

Use of personal data

If you as a user of Sauren web pages have voluntarily provided personal or business data in the context of an enquiry or registration, the Sauren Financial Group will only use this to make possible provision of the services offered on the web pages, e.g. to answer enquiries or send requested information material. The personal data collected in forms for registration and contact requests is used exclusively for these purposes. It is not visible to third parties and is not forwarded to third parties.

The Sauren newsletter keeps you informed of current topics. On subscribing to the newsletter, the data you provide is stored and used to send the newsletter. Here again, no data is forwarded to third parties.

You have the right to object to this use of your data.

Contact form

If you use the contact form to contact us, your data is stored for the purpose of processing your enquiry and any subsequent questions. Your data will not be passed to third parties.

Secure data transmission

The Sauren Financial Group web pages are protected by SSL encryption (https://) against third-party access.

Use of cookies

Besides the cookies for Google Analytics mentioned below, our web pages use cookies for session management. This is used for optimal presentation and matching the page to your investor type. The cookies we use are deleted when you close and reopen your browser.

Use of Google Analytics

Sauren Financial Group web pages use functions of the Google Analytics services, a web analysis service of Google Inc. (“Google”). Google Analytics uses so-called “cookies”. These are text files which are saved on your computer and which enable analysis of your use of the website. The information generated by the cookie regarding your use of this website is generally sent to a Google server in the USA, where it is stored. If, however, IP anonymisation is activated for this website, Google will only store your IP address in truncated form within a Member State of the European Union or another signatory state to the Agreement on the European Economic Area. Only in exceptional circumstances might the full IP address may be sent to a Google server in the USA and truncated there. Google will use this information on behalf of the website administrator to evaluate the way you use the site, in order to compile website activity reports and to provide the website owner with other services related to website and internet usage. Google will not combine the IP address transmitted by your browser in connection with Google Analytics with any other data. You can prevent the installation of cookies by adjusting the relevant setting in your browser software; however we would like to point out that you will not be able to use all the functions of this website to their full extent in this case. You can also opt out of the communication to Google of data collected by the cookie in connection with your use of the website (including your IP address) and the processing of such information by Google by downloading and installing a browser plug-in available at (http://tools.google.com/dlpage/gaoptout?hl=de).

You can prevent logging by Google Analytics by clicking on the following links. An opt-out cookie is placed which prevents future logging of your data when visiting this website:

Deactivate Google Analytics

Further information on use conditions and data protection is available at

http://www.google.com/analytics/terms/de.html or at https://www.google.de/intl/de/policies/.

Please note that on this website Google Analytics has been expanded to include an “incognito” code to ensure anonymised logging of IP addresses (IP masking).

Right to information

On request we will notify you at any time without charge of your saved personal data. You also have the right to correct inaccurate data, block it and delete it. Saved personal data is deleted if you revoke any approval of storage, if knowledge of this for the purpose for which it was stored is no longer required, or if storage is impermissible for other statutory reasons.

Use of contact data

The use by third parties of contact information published due to the disclaimer requirement to send unauthorised advertisements and informational material is hereby explicitly prohibited. The site administrator explicitly reserves the right to take legal action in the case of the unsolicited sending of promotional information, for example by spam mails, etc.

Changes to the Data Protection Agreement

Sauren Financial Group reserves the right to amend this data protection agreement at any time in compliance with the prevailing data protection regulations.


Status: 18.01.2017