I. Company law information


MEAG MUNICH ERGO AssetManagement GmbH manages financial and real estate portfolios and renders investment advisory services only for companies belonging to Munich Re Group.


MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH is an investment company monitored by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)). It renders investment management services to unaffiliated professional investors, manages special investment funds (“Spezialfonds”) for institutional investors and mutual investment funds (“Publikumsfonds”) for private investors.


II. Conditions of use


1. Validity


These Conditions of Use apply in their latest amended version for the use of the website accessible at the URL www.meag.com (hereinafter the "MEAG website").


2. Information for professional investors


The content of the "Institutional Investors" section is aimed only at Professional Customers and Suitable Counterparties in the sense of § 31a para. 2 of the German Securities Trading Act (WpHG). The information in this section does not account for the legal requirements on presenting information for private investors and is not meant for private investors. For this reason, any user entering the "Institutional Investors" section must provide an electronic confirmation of being a Professional Customer.


3 Available information


3.1 Correctness, completeness and current validity


The information on the MEAG website is carefully researched and updated regularly, however mistakes cannot be entirely ruled out. The facts and data upon which the information is based may be subject to change. Furthermore, MEAG is reliant on information and data from third parties, so it cannot guarantee or accept any liability for the correctness, completeness or current validity of any information on the MEAG website. This also applies to information on websites linked to the MEAG website or connected to it in any other way.


3.2 Legal and tax aspect


Where applicable, the information is based on MEAG's assessment of the current legal and/or tax situation, the correctness of which it cannot guarantee. Other information is merely a generalised observation without including any individually relevant aspects. Hence, the website www.meag.com contains no legal or tax-related advice. The information it contains is no substitute for individualised advisory services as provided by a legal or tax consultant, and we explicitly recommend such services to the user.


4. Linked websites


The MEAG website may contain references or links to other websites. MEAG inspects other websites before setting the initial link, but does not review linked websites continuously. It has no influence on the further structure or on the content of the linked website and does not adopt it as its own. It can therefore not accept any liability for the content of such websites.


5. Availability of the MEAG website; amendments


Uninterrupted availability of the MEAG website cannot be guaranteed. MEAG reserves the right to restrict the availability of the MEAG website to any extent at any time or to permanently remove the MEAG website from the Internet. MEAG has the right to make amendments of any kind to the MEAG website and the information it contains at any time at its own discretion.


6. Property rights


6.1 Copyright


The MEAG website, its component parts and the content available on it are subject to protection by copyright law: in as much as these parts are works, protection under §§ 2 ff of the German Copyright Act (UrhG), in as much as they are computer programs, protection under §§ 69a ff. UrhG and in as much as they are a database, protection under §§ 87a ff. UrhG. All rights thereto belong to MEAG or the applicable holder of the rights. Any use of these elements that goes beyond accessing the website and taking note of the information it holds that is not explicitly permitted by law requires prior written consent from MEAG. This applies in particular to copies made for commercial purposes.


6.2 Nikkei Stock Average (Nikkei 225)


© Nikkei Inc. The copyright of Nikkei 225 is owned by Nikkei Inc. Reference is made to section 11. Stock exchange data of this disclaimer.


6.3 Brand names and other trademarks


The name "MEAG" and the MEAG logo are protected internationally by trademark. Other brands, company names, logos and product names appearing on the MEAG website may also be protected brands. These brands, company names, logos and product names may only be used with the prior written consent of MEAG or the applicable rights holder.


7. Sales prospects for the purchase of fund units


The sole binding basis for the purchase of fund units are the respectively applicable material investor notifications, the sales prospectus with the contractual terms and the most recent annual or six-monthly report of the fund in question. The sales prospectus contains extensive risk indications. These documents are available free of charge from:


MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

Am Münchner Tor 1

80805 Munich

Internet: www.meag.com

E-mail:  info@meag.com

Telephone:  + 49 (0)89 | 24 89 - 2489

Fax:  + 49 (0)89 | 24 89 - 25 55






8. Statements of performance; Morningstar ratingTM


8.1 Statements of performance


Unless otherwise noted, statements made on past performance are based on calculations made in accordance with the BVI method (BVI Bundesverband Investment und Asset Management e.V., "Gross Performance"). Accordingly, the investment is made at unit value and no further costs (e.g. issue surcharge or custodian fees) that reduce the performance are taken into account in this calculation method in addition to the costs already arising in the fund (e.g. management fee). Profit distributions are reinvested taking into account tax credits and without foreign withholding tax.


Statements made on past performance are not a reliable indication of future performance. The value of the fund units and their returns may rise or fall, and it is possible that the investor may not receive the full amount initially invested when redeeming units.


8.2 Morningstar rating TM


© 2011 Morningstar Inc. All rights reserved.


The information contained herein


• is protected by copyright for Morningstar and/or its content providers;

• must not be copied or disseminated; and

• is not guaranteed to be correct, complete or up to date.


Neither MEAG nor Morningstar Inc. nor their content providers are responsible for any loss or damage that may arise as a result of using this information.


9. Calculation basis for offer calculator / fund calculator, model calculations


All model calculations made on the MEAG website are non-binding. The assumed per annum performances are estimated values and not a reliable indicator of future performance. The actual result is dependent on the development of capital markets and currencies and can therefore ultimately be better or worse than the prediction. Tax aspects are not taken into account in the model calculations.


In the case of fund payment plans it is to be taken into account that the amount of the payments has to be adjusted regularly to the market developments in order to achieve the goal set by the customer (capital retention / capital consumption).


10. Sales restrictions


The content of the MEAG website is only intended for users to which/whom no sales restrictions apply in accordance with the following.


The dissemination of information contained on the MEAG website and the offering of investment fund units mentioned are subject to legal restrictions in some legal systems. For persons whose place of residence or business is in a country that restricts the dissemination of this information, the contents of this website are neither an offer nor are they an invitation to acquire investment fund units.


The funds described on this website are solely intended for sale within the Federal Republic of Germany (except MEAG EuroCorpRent, MEAG EmergingMarkets Rent, MEAG FairReturn, MEAG MultiSmart, MEAG EuroErtrag, MEAG EuroBalance, MEAG EuroInvest and MEAG Nachhaltigkeit, which are also available in Austria; and MEAG FlexConcept Basis and MEAG FlexConcept Wachstum also in Luxembourg). In particular, the funds described on the MEAG website are not offered for sale or distribution in the USA and may not be sold to US citizens or otherwise transferred to persons in the USA. US citizens are defined here as persons who are US nationals or who have their residence in the USA and/or who are liable to pay tax in that country. US citizens can also be persons or companies founded in accordance with the laws of the USA or a US federal state or territory.


Sales and payment agent and fiscal representative in Austria:


Volksbank Wien AG, Schottengasse 10, A-1010 Wien


11. Stock exchange data


Share price information on the MEAG website is presented with a time delay that depends on the exchange and type of security in question. Neither MEAG nor the individual stock exchanges or their affiliated companies are liable to the user for direct or indirect losses resulting from incorrect, incomplete or delayed presentation of indexes, share prices or other information. We accept no liability for lost profits. The information is designed solely to inform private users and does not represent investment advice or any other kind of recommendation.


12. Disclaimer of liability


Any disclaimer of liability under sections 3, 4, 5, 8 and 11 above does not apply in the case of intent or gross negligence.


13. Applicable law; authoritative language version


In as much as legally admissible, only the law of the Federal Republic of Germany shall apply to all disputes arising in connection with the MEAG website or these Conditions of Use, irrespective of the legal grounds, however under preclusion of all legal norms that refer to another legal system. These Conditions of Use shall also be interpreted in accordance with German law.


Versions of these Conditions of Use available on the MEAG website in languages other than German are for information purposes only. The German-language version shall be the sole legally definitive version.


14.  Complaint management / Ombudsman procedures


Information on complaint management and ombudsman procedures is available here: