mcinroy & wood > disclaimer

Important Legal Information

Please read the following. It contains important legal and regulatory information, which you must understand and agree to before proceeding.

Regulatory Status & Disclaimer

McInroy & Wood Limited is an independently owned and managed firm authorised and regulated by the Financial Services Authority (FSA). McInroy & Wood Portfolios Limited (MWP) is a wholly owned subsidiary of McInroy & Wood Limited established to manage authorised unit trusts and is also authorised and regulated by the FSA.

The information contained in this website has been compiled with considerable care to ensure its accuracy at the date of publication. However, no representation or warranty, express or implied, is made to its accuracy or completeness and it may be amended at any time without notice. Nothing in this information or elsewhere in this website shall exclude our duties and liabilities to you under the Financial Services and Markets Act 2000 (FSMA 2000) or any conduct of business rules which we are bound to comply with.

This website should not be regarded as an offer or solicitation to conduct investment business, as defined by the FSMA 2000, in any jurisdiction other than the United Kingdom. In particular, investment services are not being offered in the US or to US persons. The investments and investment services referred to in this website may not be suitable for all investors and, if in doubt, you should seek advice from your investment advisor. For more information click on: www.fsa.gov.uk

Risk Factors

The price of units, and any income from them, can go down as well as up and you may not get back the full amount invested.
Investments in shares, units or other asset classes should be regarded as long-term investments, quoted yields are not guaranteed and you should be aware that past performance is not a guide to future performance.
Changes in rates of exchange may also cause the value of underlying overseas investments to go down or up.
Investment in emerging markets can be subject to risks not normally associated with developed markets. These risks may include instability of the economies of emerging markets, political uncertainties, illiquidity of the market, dealing difficulties, settlement and custody practices.
More than 35 per cent of the value of the property in each of MW Balanced Fund and MW Income Fund may be invested in government and other public securities.
As each of the MW funds has been structured so as to concentrate on the generation of income as an equal or higher priority than capital growth, MWP's periodic management charge is treated as a capital charge and, therefore, debited to the capital property of the respective MW fund. This may, accordingly, constrain the capital growth of the MW funds.
Bases of, and reliefs from, taxation can change. Prospective investors should consult their own professional advisors on the tax implications of making an investment in, holding or disposing of any MW fund and the receipt of distributions with respect to such a fund.
For investors domiciled in the UK, the relevant simplified prospectus and terms and conditions should also be read.

Money Laundering

In order to comply with UK money laundering legislation, we may be required to verify the identity and residence of investors. In proceeding with any application, you are providing authorisation, in accordance with the Data Protection Act 1998 (as amended from time to time), for us to use such information for the purpose of fulfilling these requirements. We reserve the right to reject any application where we are unable to verify the identity of the applicant.