By accessing any page of this website, you agree to be bound by the terms below. If you do not agree to such terms, you should exit the website.

Access to the information contained in this website in certain countries may be restricted by law and persons who access it are required to inform themselves of, and to comply with, any such restrictions. The information included herein is not intended to be published or made available to any person in any jurisdiction where doing so would contravene any applicable laws or regulations. By accessing this website you confirm that you are aware of the laws in your own jurisdiction relating to the provision and sale of investment management services and products and you warrant and represent that you will not pass on or utilize the information contained in this website in a manner that could constitute a breach of such laws by Clarion or any other person.

No offer, promotion or solicitation

The information contained in this website does not constitute or form part of any offer to sell, purchase, subscribe for or otherwise invest in units or shares of any Clarion fund. Any products or services referred to in this website are subject to the legal and regulatory requirements applicable in the jurisdiction where the investor is resident. The information contained in this website does not constitute any form of investment, financial, legal or tax advice and prospective investors should obtain appropriate independent professional advice before making any investment in any Clarion fund.
Units or shares in any Clarion fund are not available for sale in any jurisdiction in which such a sale would be prohibited and/or where such fund has not been approved for sale. Nothing contained in this website constitutes or forms part of any offer to sell or buy an investment, or any solicitation of such an offer in any jurisdiction in which such offer or solicitation would be unlawful. If you are in any doubt as to whether you are permitted to invest in Clarion funds, please contact your financial adviser who will discuss the suitability of such an investment with you.
You should consult your professional advisers as to whether you require any consents or need to observe any other formalities before you can invest in the products described in this website. You should also refer to the offering document of the relevant Clarion fund for further specific information.

Exclusion of liability

Clarion has taken reasonable care to ensure that all the information contained in this website is accurate, secure and up to date, but no representations or warranties (express or implied) are given as to the reliability, accuracy and completeness of the information. You should check the accuracy of such information before relying on it in any way. Save to the extent that exclusion of liability is prohibited by law or regulation, Clarion, its officers, employees, representatives, affiliates and agents accept no liability in any respect for any loss or damage, whether direct, indirect, consequential or otherwise (including loss of profit) arising out of or in connection with this website or its contents or any subsequent subscription into a Clarion fund and whether arising as a result of Clarion´s negligence or otherwise. However, Clarion does not exclude or restrict any liability it may have to clients under the CVM and ANBIMA rules.
Certain products referred to in this website may neither be recognized nor authorized schemes for the purposes of Part 17 of FSMA. The information provided in this part of the website is only intended for, and may only be accessed by, institutional investors and investment professionals who satisfy the relevant exemption criteria as set out in the Financial Services and Markets Act 2000 (Promotion of Collective Investment Schemes) (Exemptions) Order 2005 or the rules of the FCSA.
There are significant risks associated with investment in the Clarion funds outlined in this website. Investment in Undertakings for Collective Investment in Transferable Securities (UCITS) described on this website is intended for sophisticated investors who can understand and accept the risks associated with such an investment including a substantial loss of their investment.


Each member state of the European Economic Area is adopting or has adopted legislation implementing the European Directive on Alternative Investment Fund Managers (Directive 2011/61/EU) (“AIFMD”). Under AIFMD, marketing of products that constitute AIFs (as defined in AIFMD) to any investor domiciled or with a registered office in the European Economic Area will be restricted by such laws and no such marketing shall take place except as permitted by such laws. In particular, marketing of AIFs will only be permitted where the relevant AIF’s AIFM (as defined in AIFMD) has complied with certain registration and other formalities in relevant member states. Investors should inform themselves as to the countries where these formalities have been completed in respect of any relevant Clarion fund, and for that purpose such information is set out on each relevant fund page on this website.

Non U.S. Person Representation

The following information contained in this website is not available to U.S. persons or persons acting on their behalf, and the funds described therein are not being offered in the United States or to U.S. persons. Therefore, by accepting this disclaimer, you represent, warrant and covenant to Clarion that you are not a U.S. Person (as defined in Regulation S under the U.S. Securities Act of 1933, as amended) or acting for the account or benefit of a U.S. Person; and you will not make the information available to any such U.S. Person. You further covenant that you will immediately cease any use of the information for any purpose if any of the foregoing representations is no longer true.

Non-Distribution in Brazil and Important Information

Clarion is not offering or selling shares of investment funds or any other assets subject to the regulation of the Brazilian Securities Commission, either issued and/or offered in the local or international markets, since Clarion Asset Management has filed for authorization by CVM but is pending authorization and is not yet authorized by the Brazilian Securities Commission to perform such activities. The information contained in this website regarding the investment funds under management of Clarion Asset Management has informative purposes only and must not be considered as advertising or offering of shares of such investment funds or any other assets subject to the regulation of the Brazilian Securities Commission, neither investment advice or recommendation, and therefore must not be used for such purposes.

The investment in investment funds is subject to risks, including the risk of losses. Potential investors must read the investment fund’s bylaws and/or prospectus, as the case may be, with special attention to the clauses that describe the risk factors that must be considered before investing in such investment funds. Before making an investment decision, potential investors must carefully consider all information and risks described in the investment fund’s bylaws and/or prospectus, as the case may be, in view of their own financial status, investment objective and limits, as well as their risk profiles.

The investment funds are not guaranteed by their respective administrators, portfolio managers, or any insurance mechanism or the Deposit Insurance Fund – FGC. No profitability achieved by any investment fund in the past represents guarantee of future profitability.
The investment funds’ authorization to operate and/or to publicly offer their shares do not imply, on the part of the Brazilian Securities Commission, a warranty on the truthfulness of the information provided or a judgment on the quality of the investment fund, its administrator, portfolio manager, or any of the other institutions providing services to the fund.

Clarion Asset Management Ltda. and its directors shall not be liable for any losses or damages of any kind that result or shall result, directly or indirectly, from the use of information contained in this website. This website’s contents may not be reproduced or otherwise disseminated, in whole or in part, for any purpose.

Risk Warnings

Emerging market funds carry risks as well as rewards and you should always bear the following in mind: the value of investments and the income from them may go down as well as up and you may not get back the amount you originally invested; past performance is not a reliable indicator of future results; emerging markets are volatile and may suffer from liquidity problems; changes in rates of exchange between currencies may cause the value of or income from investments to decrease or increase; and funds which specialize in a particular region or sector are more risky than those which hold a very broad spread of investments. The offering documents or other formative documentation contain more detailed risk warnings relevant to the particular Clarion fund.

Intellectual Property Rights

All copyright (and any other intellectual property rights) in this website and these materials are owned by Clarion Asset Management or an affiliated company or is used by us under license.

This website also contains trademarks that are in the process of registration. The “CLARION ASSET MANAGEMENT” trademarks included on this website belong to Clarion. You are permitted to browse any part of this website and to reproduce pages of this website by printing-off or downloading to a hard disk such pages but in each case only for non-commercial and personal use. You do not have the right to use the materials contained in this website (or any copyright or other intellectual property rights within these materials) in any other way or for any other purpose except with our prior written consent.


Clarion accepts no liability for the consistency, security and confidentiality of any information sent over the internet and any transmissions over the internet are entirely at the user’s risk.


Clarion does not endorse or approve any material on other websites and accepts no responsibility for such material, services or products offered by such sites. No third party is permitted to link any other website to this website without Clarion´s prior written consent.