This website does not constitute or form part of any offer to issue or sell, or any solicitation of any offer to subscribe or purchase, any security nor shall it form the basis of, or be relied on in connection with any contract therefore. Nor does it constitute investment advice. The information and opinions contained in this site are for background purposes only and do not purport to be full or complete. No reliance may be placed for any purpose on the information or opinions contained in this website or their accuracy or completeness. No representation, warranty or undertaking, expressed or implied, is given as to the accuracy or completeness of the information or opinions contained in this website by Sapiance Capital Limited, and no liability is accepted thereby for the accuracy or completeness of any such information or opinions. The information obtained from this website may not be distributed to any other person or reproduced. It may be subject to change without notice. The information contained in this site is issued by Sapiance Capital Limited, which is authorised and regulated by the Financial Services Authority ("FSA"). The fund referred to in this site is defined as an "Unregulated Collective Investment Scheme"("UCIS") for the purposes of the Financial Services and Markets Act 2000 of the United Kingdom (the "Act"). The promotion of a UCIS either within, or from the UK is restricted by status. Consequently, this site is only directed at persons who are intermediate customers or market counterparties for the purposes of the FSA Conduct of Business Sourcebook ("COBS") and of a kind to whom the Fund may lawfully be promoted by a person authorised under the Act (an "authorised person"), Promotion of Collective Investment Schemes (Exemptions) Order 2001. By accessing this website, you agree that you are the type of person referred to above and that all information you provide is true and correct. Shares in the funds should only be purchased by persons with professional experience of participating in unregulated schemes and any other person who accesses this site should not rely upon it.