Risk Considerations
Investors should note that the Xtrackers ETFs & ETCs are not capital protected or guaranteed and investors in each Xtrackers ETF or ETC should be prepared and able to sustain losses up to the total capital invested. The value of an investment in an Xtrackers ETF or ETC may go down as well as up and past performance does not predict future returns. Investment in Xtrackers ETFs or ETCs involve risks. For a list of related risks please click on the Risks and Terms tab.
1.1
DWS Group GmbH & Co. KGaA as an investment holding company is the parent company of “DWS Group”. DWS Group comprises of domestic and foreign companies that provide asset management services and that are licensed by regulators in the country of their incorporation.
1.2
These Terms of Use (“Terms”) govern access to and the use of the websites including sub-websites (together “Websites”) operated by the affiliated entity or entities as identified in the respective imprints (hereinafter “DWS”).
1.3
Individual persons who visit the Websites (“Users”) are granted a right of use in accordance with these Terms. Users undertake to comply with the Terms. By using the Websites, Users accept and agree to the Terms. Users who do not accept and agree to these Terms may not use the Websites.
2.1
The Websites provide general information only, including general information about DWS Group products and services, and do not constitute a public offer of any security or other financial instrument. These are not distribution Websites directly enabling transactions between Users and a DWS company, unless otherwise explicitly stated on the respective sub-websites where the more specific terms and conditions will also apply in addition to these Terms. Information made available on the Websites is provided for marketing purposes and should not be considered as legal, tax, investment or securities advice or any form of recommendation to purchase funds or services and products described on the Websites or as any opinion regarding the appropriateness of any investment or as financial research. Users must seek professional advice on all of the foregoing before making any investment decision.
2.2
Full details of DWS services and products, related risks and costs, can be found, if applicable, in the offering documents supplemented in each case by the most recent audited annual report and the most recent half-year report, if the latter report is more recent than the most recently available annual report. Users should carefully read the information contained in such documents (including the latest version of any Key Investor Information Document (“KIID”) or other relevant product and/or service-specific documents) before making any investment decision.
Past performance information (either actual or simulated) contained on any Website is not a reliable indicator of future results. Further information in this regard and on the calculation methods used can be found under the “legal resources” link at the bottom of this Website.
4.1
These Terms govern the use of these Websites. Products and services provided by a company of the DWS Group may also in addition be subject to their own terms and conditions and certain Websites may be subject to specific terms of use (e.g. country or sector) as well as selling restrictions (together “Additional Terms”). Users may therefore be asked to accept Additional Terms when accessing specific sub-Websites.
4.2
If and to the extent that the Additional Terms or other more specific terms of use conflict with these Terms, then the Additional Terms or the other more specific terms of use will prevail.
4.3
The User must not misuse the Website by knowingly introducing viruses, trojans, worms, logic bombs or other material that is malicious or technologically harmful. The User must not (attempt to) gain unauthorized access to the Websites, the server on which DWS Websites are stored or any server, computer or database connected to the Site. The User must not attack the Websites via a denial-of-service attack or a distributed denial-of service attack. By breaching this provision, the User may commit a criminal offence under applicable law. DWS may report any such breach to the relevant law enforcement authorities and will co-operate with those authorities by disclosing the respective User’s identity to them. In the event of such a breach, the User’s right to use the Websites will cease immediately.
4.4
The Website is intended for use only by those who are 18 years of age or older.
5.1
This website contains data, content and information of all kinds that are protected by trademark and/or copyright in favor of DWS entities or in individual cases also in favor of third parties. The entity named in the imprint is the owner of the rights of use and exploitation of the design of the respective website. It is therefore not permitted to download, reproduce and/or distribute the website in whole or in part or the material on this website without the prior written consent of DWS other than what is permitted by law”.
6.1
Communications over the internet and by e-mail cannot be guaranteed to be secure. There is a risk that information contained within an e-mail communication and any attachment thereto, including potentially confidential information, may be intercepted, lost, destroyed, corrupted or delayed in transmission. Although DWS will use reasonable efforts to minimize such risk, it does not warrant that any communication or e-mail or any attachments thereto, that is sent out, will be free from viruses, worms or other harmful components.
7.1
To the extent permitted by law, the information on the Websites is derived from sources considered reliable by DWS, but no warranty, expressed or implied, by DWS Group, its partners or employees is given as to its accuracy or completeness. The Websites are limited to the dissemination of general information about the products and services provided by DWS entities. No reliance should be placed on this information in any decision to enter into a contract. Instead, Users must carefully review the service or product specific information provided separately in the context of a planned transaction.
7.2
DWS entities shall be not liable for any claim, liabilities, losses, costs or damages under any legal or equitable theory, whether in contract, tort (including negligence), breach of statutory duty or otherwise as the result of the Websites or information provided through the Websites. This provision shall not limit any claim the User may be able to make under any Additional Terms or based on contract concluded with DWS. Nothing in these Terms shall limit or exclude liability for fraud, or gross negligence, or personal injury or death caused by negligence. Nothing in these Terms shall limit or exclude liability where limitation or exclusion is not permitted by law.
7.3
Where the Websites contain links to other websites, services and/or resources provided by third parties, these links are provided for the User’s information only. Such links should not be interpreted as approval by any DWS entities of those linked Websites or information the User may obtain from them. DWS Group has no control over the contents of those websites, services or resources.
7.4
The information on the Websites does not constitute investment or other advice. Nor does it constitute an offer, and no contractual obligation arises between the respective DWS entity and the User in respect of financial services provided by the DWS entity in question.
7.5
For legal reasons, access to some of the Websites may be restricted due to regulatory restrictions.
7.6
DWS Group cannot guarantee that the Websites will be secure or free from defects, software errors or viruses. The User is responsible for configuring his/her information technology, computer programs and platform to access the Websites. DWS strongly recommends that the User owns and uses an effective virus protection software.
8.1
DWS reserves the right to modify or amend these Terms at any time.
8.2
DWS will post any modified or updated Terms on the Websites. Users should check regularly for any changes.
9.1
DWS may update and change the Websites from time to time. This may be a consequence of regulatory/supervisory publication requirements. Other than required by applicable law, we have no duty to do so. DWS reserves the right to partly or completely change the Websites at any time and to restrict, interrupt or terminate its service and access to the Websites without prior notice.
9.2
DWS does not guarantee that access to the Websites will be uninterrupted or, unless required by law, will always be available. DWS may suspend or withdraw or restrict the availability of all or any part of the Websites for business and operational reasons.
10.1
The respective privacy notice as well as other relevant legal sources can be accessed via the DWS Website footers.
Retail Clients
Professional Clients
BEFORE ENTERING THIS WEBSITE, PLEASE READ CAREFULLY THE FOLLOWING IMPORTANT TERMS AND CONDITIONS (THE "TERMS") THAT GOVERN YOUR ACCESS TO, AND USE OF, THIS WEBSITE, AND ACKNOWLEDGE YOUR AGREEMENT TO THEM. IF YOU AGREE TO THE TERMS, CLICK "ACCEPT" AT THE END OF THESE TERMS TO ENTER THIS WEBSITE. IF YOU CLICK "LEAVE PAGE" YOU WILL NOT BE ABLE TO ACCESS THIS WEBSITE THESE TERMS ARE A BINDING AGREEMENT BETWEEN YOU AND DWS, AND GOVERN YOUR ACCESS AND USE OF THE WEBSITE.
YOU (THE "USER") AGREE NOT TO UNDERTAKE ANY ACT OR OMISSION THAT WOULD CONSTITUTE A BREACH OF THESE TERMS AND REPRESENT AND WARRANT THAT YOU ARE LEGALLY PERMITTED TO ACCESS AND USE THE WEBSITE.
ANY REFERENCE TO “DWS” ON THIS WEBSITE OR IN THESE TERMS SHALL, UNLESS OTHERWISE REQUIRED BY THE CONTEXT, BE UNDERSTOOD AS A REFERENCE TO DWS GROUP GMBH & CO. KGAA AND/OR ITS AFFILIATES AND, AS THE CASE MAY BE, ANY INVESTMENT COMPANIES PROMOTED OR MANAGED BY ANY OF THOSE ENTITIES.
THIS WEBSITE IS PROVIDED BY DWS INVESTMENTS UK LIMITED EITHER (I) ON ITS OWN BEHALF IN ITS CAPACITY AS DISTRIBUTOR OF THE PRODUCTS REFERRED TO ON THIS WEBSITE, (II) ON BEHALF OF DWS INVESTMENT S.A., ACTING IN ITS CAPACITY AS MANAGEMENT COMPANY OF CERTAIN FUNDS REFERRED TO ON THIS WEBSITE, OR (III) ON BEHALF OF DB ETC PLC AND XTRACKERS ETC PLC AS ISSUERS OF ETC SECURITIES. EACH OF THESE ENTITIES MAY BE RESPONSIBLE FOR THE WEBSITE'S CONTENT AND ANY OF THE FUNDS, ETC SECURITIES AND SERVICES (INCLUDING FINANCIAL INSTRUMENTS) DESCRIBED (TOGETHER "THE WEBSITE").
ACCESS TO PRODUCTS AND SERVICES DISPLAYED ON THIS WEBSITE AND LINKED SITES HEREAFTER MAY BE RESTRICTED TO CERTAIN PERSONS OR IN CERTAIN COUNTRIES. PRODUCTS SHOWN ON THESE SITES SHALL NOT BE OFFERED OR SOLD TO ANY PERSONS PROHIBITED BY THE LAW IN THEIR COUNTRY OF ORIGIN OR IN ANY OTHER RELEVANT COUNTRY. COUNTRY SPECIFIC SITES LISTED ON THE PREVIOUS WEBPAGE MAY ONLY BE ACCESSED BY READERS OF THESE TERMS WHO ARE PERMANENTLY RESIDENT IN THE RELEVANT COUNTRY AND LEGALLY PERMITTED TO LOG ON TO THE RELEVANT PAGES. IN PARTICULAR U.S. PERSONS AND PERSONS RESIDENT IN OTHER COUNTRIES NOT DISPLAYED IN THE LIST ON THE PREVIOUS WEBPAGE ARE FORBIDDEN FROM VIEWING FURTHER PAGES. BY SELECTING A COUNTRY FROM THE LIST ON THE PREVIOUS WEBPAGE YOU HEREBY AFFIRM THAT YOU ARE A RESIDENT OF THAT COUNTRY. DWS SPECIFICALLY ASSUMES NO RESPONSIBILITY WHATSOEVER FOR THE DISTRIBUTION OF CONTENT OF THE WEBSITE TO INDIVIDUALS OR ENTITIES WHICH PROVIDE FALSE INFORMATION REGARDING THEIR COUNTRY OF LEGAL RESIDENCE.
THESE MATERIALS AND ANY PRODUCTS DESCRIBED ON THIS WEBSITE ARE NOT BEING OFFERED OR TARGETED TO U.S. PERSONS.
Nothing contained on this Website should be considered as an offer to purchase any of the Products. Consequently, the information on this Website does not constitute, and may not be used for the purposes of, an offer to acquire or sell any fund shares or ETC securities to any person in any jurisdiction. Pricing levels and valuations published on this Website are indicative and they and other information displayed on this Website are for information purposes only.
Information made available on this Website should not be considered as legal, tax, investment or securities advice or any form of recommendation to purchase Products or services described on this website or any opinion regarding the appropriateness of any investment.
The information on the following webpages does not constitute advice or imply that the Products are suitable for any particular investors. Investors should assess for themselves whether the Products are suitable for their own investment purposes. You should seek professional advice on all of the foregoing before making any investment decision.
Offering Documents referring to a specific fund (including sub-funds) or ETC security are available on this Website. Users should carefully read the information contained in such documents (including the latest version of the Key Investor Information Document or Key Information Document) before making any investment decision.
Past performance information (either actual or simulated) contained on this Website is not a reliable indicator of future results.
Although best efforts have been used to ensure that the information set out on this Website is reliable, no warranty is made as to its accuracy, completeness and adequacy. Any opinions expressed reflect the current view of DWS, in its capacity as distributor, which may change without notice.
DWS reserves the right to partly or completely change the Website at any time and to restrict, interrupt or terminate its service.
DWS reserves the right to modify or amend these Terms at any time. DWS invites you to consult these terms and conditions from time to time to familiarise yourself with the changes.
Content and design of the Website are the property of DWS and are protected by copyright. Any copying, publication, reproduction, distribution, re-transmission, assigning or use of any portion of the Website or of its content requires the prior written consent of DWS.
DWS respects your privacy. Personal data collected when visiting this website are processed in accordance with applicable data protection law.
You agree that where you provide your name and contact details and request information on our products, we may send you such information, including by e-mail. You can ask us at any time to stop sending such information.
By entering this website, you acknowledge and agree that DWS may place cookies on the device via which you access the site. These cookies are either strictly necessary to provide you with the services you have requested or to give us anonymised data about your use of our websites. This includes details such as the website from which you accessed our website, the duration of your visit and the pages you viewed. Such information, which will not include your name, helps us improve the performance and content of our websites. It also records (for up to a maximum of one year) which country you are interested in, and whether as a retail or professional investor. You can block or delete cookies from your computer - simply refer to the help function of your browser.
Please also read the section “Privacy Policy” and “Cookie Information” under the heading "DWS Privacy Notice" on the Website for more information.
Users can request access to, or correction of, their personal data held by DWS.
Communications over the Internet and by e-mail cannot be guaranteed to be secure. There is a risk that information contained within an e-mail communication and any attachment thereto, including potentially confidential information, may be intercepted, lost, destroyed or delayed in transmission. Although DWS will use reasonable efforts to minimise such risk, it does not warrant that any communication or e-mail or any attachments thereto, that is sent out, will be free from viruses, worms or other harmful components.
Telephone calls to DWS may be recorded for training and monitoring purposes and to comply with applicable law and regulations. Such telephone recordings are the property of DWS.
Certain hypertext links on the Website may lead the User to websites that are not under the control or charge of DWS. DWS is not responsible with respect to any material contained in or conducted through any such external websites.
These terms and any non-contractual obligations arising out of or in connection with them are exclusively governed by and shall be construed in accordance with the laws of England and Wales.
If at any time any provision (or part of any provision) of these Terms is, or becomes, illegal, invalid or unenforceable in any respect under the law of any jurisdiction, that shall not affect the legality, validity or enforceability in that or any other jurisdiction of any other provision (or any other part of this provision) of these Terms.
The Products described on this Website are not eligible for sale in all countries. The Offering Documents contain information as to the selling restrictions applicable to any particular Product and the User should read them carefully.
In particular, the following restrictions apply:
Residents of the United States of America:
The information set out on this Website is not directed to the United States. U.S. persons (as defined in Regulation S under the U.S. Securities Act 1933) and persons resident in the U.S. may not enter the Website. Information from this Website may not be distributed or redistributed into the United States or into any jurisdiction where it is not permitted. Any Products described on this Website have not been and will not be registered under the U.S. Securities Act of 1933 as amended and trading in the securities has not been approved for purposes of the U.S. Commodities Exchange Act of 1936. The Products may not be offered or sold in the United States, to U.S. persons or U.S. residents.
The Products described on this Website are only offered or sold to persons in any other jurisdiction, if applicable law permits this.
Based on the second shareholder rights directive (SRD II) asset managers have to disclose certain information. Below is the summary of where to find certain information:
Information on the key material medium to long-term risks associated with the investments are as follow:
The DWS investment decision process enables us to identify risks and return opportunities. Our extensive research resources and teams of experienced professionals continually analyse the relevant markets as well as the political and economic environment. Furthermore, our Strategic CIO View provides a long-term outlook and orientation. In addition, the independent risk function ensures that investment decisions are taken in a disciplined and controlled way.
