Investing involves risk. The value of an investment and the income from it may fall as well as rise and investors may not get back the full amount invested.
Please note that the products referred to on this website are only available to persons normally resident for tax purposes in the United Kingdom of Great Britain and Northern Ireland. Allianz Global Investors GmbH has taken reasonable care to ensure the accuracy of information available through the site. However, the information may be amended at any time by Allianz Global Investors GmbH without notice. As far as it is permitted under the Financial Services Act, Allianz Global Investors GmbH does not accept liability for any loss, direct or indirect owing to reliance on any information contained herein. Opinions expressed whether in general or both on the performance of individual funds and in a wider economic context represent the views of the contributor at the time of preparation. They are subject to change and should not be interpreted as investment advice which Allianz Global Investors GmbH is not authorised to give. If you are unsure of the suitability of any investment contained in this website, please contact a Financial Adviser. This site may provide links to third party websites over which Allianz Global Investors GmbH Ltd has no control. These links are provided for your convenience and Allianz Global Investors GmbH Ltd accepts no responsibility for the content of such websites. For your security we may record or randomly monitor all telephone calls.
Regulation and Status Disclosure
Allianz Global Investors represents products and services of Allianz Global Investors GmbH, www.allianzglobalinvestors.co.uk. Allianz Global Investors GmbH is an investment company with limited liability incorporated in Germany, with its registered office at Bockenheimer Landstrasse 42-44, D-60323 Frankfurt/M, registered with the local court Frankfurt/M under HRB 9340, authorised by Bundesanstalt für Finanzdienstleistungsaufsicht (www.bafin.de). Allianz Global Investors GmbH has established a branch in the United Kingdom - Allianz Global Investors GmbH, UK branch - which is subject to limited regulation by the Financial Conduct Authority (www.fca.org.uk).
The Merchants Trust PLC is incorporated in England and Wales. (Company registration no. 28276). Registered Office: 199 Bishopsgate, London, EC2M 3TY. The Company is a member of the Association of Investment Companies - Category: UK Equity Income.
Please note that the important information set out here does not exclude or restrict any duty or liability to customers of Allianz Global Investors GmbH under the Financial Services and Markets Act 2000 or under the Financial Conduct Authority Rules.
Investments
You should always bear in mind that:
Past performance is not a reliable indicator of future returns.
The value of investments and any income from them may go down as well as up. You may not get back all of your original investment. You should not make any assumptions about the future on the basis of this information.
Changes in rates of exchange may cause the value of investments and the income from them to go down or up.
In a building society your money is secure, whereas in a stock market-based investment it is exposed to a degree of risk and the value of your investment will fluctuate up and down.
The Merchants Trust PLC is a quoted company listed on the London Stock Exchange. Its share prices are determined by factors including demand which means that the shares may trade below (at a discount) or above (at a premium to) the underlying net asset value.
The Trust seeks to enhance returns for its shareholders through gearing, in the form of long-term, fixed rate debentures. Gearing can boost the Trust’s returns when investments perform well, though losses can be magnified when investments lose value. You should be aware that this Trust may be subject to sudden and large falls in value and you could suffer substantial capital loss.
This investment trust charges 65% of its annual management fee to the capital account and 35% to revenue. This could lead to a higher level of income but capital growth will be constrained as a result. Your capital could also decrease if income paid out of capital exceeds the growth rate of the Trust. Derivatives are used to manage the trust efficiently.
The information contained herein including any expression of opinion is for information purposes only and is given on the understanding that it is not a recommendation and anyone who acts on it, or changes their opinion thereon, does so entirely at their own risk. The opinions expressed are based on information which we believe to be accurate and reliable, however, these opinions may change without notice.
A person within Allianz Global Investors GmbH, its affiliates and their directors may or may not have a position in or with respect to any investments mentioned on this website.
If you are in any doubt about the information contained on this website please call us on 0800 389 4696 and speak to one of our trained helpline staff or consult a professional financial adviser.
The material contained in this website is directed only at persons or entities in any jurisdiction or country where such access to information contained herein and use thereof is not contrary to local law or regulation. Accordingly, all persons who access this website are required to inform themselves of and to comply with any such restrictions.
Advice
Allianz Global Investors GmbH only provides information on our own and other group company products and does not give advice to retail customers based on individual circumstances. Please contact a financial adviser if you need advice.
No Reliance
Although Allianz Global Investors GmbH has taken all reasonable care that the information contained within the website is accurate at the time of the publication, no representation or warranty (including liability towards third parties), expressed or implied, is made as to its accuracy, reliability or completeness by Allianz Global Investors GmbH or its contractual partners. Information, opinions and estimates and any other contents on this website are provided by Allianz Global Investors GmbH for personal use and informational purposes only and are subject to change without notice. Nothing contained on the website constitutes investment, legal, tax or other advice nor is to be relied on in making an investment or other decision. You should obtain relevant and specific professional advice before making any investment decision.
No Warranty
The information and opinions contained on the website are provided without any warranty of any kind, either expressed or implied, to the fullest extent permissible pursuant to applicable law. Allianz Global Investors GmbH further assumes no responsibility for, and makes no warranties that, functions contained on the website will be uninterrupted or error-free, that defects will be corrected, or that the website or the servers that make it available will be free of viruses or other harmful components.
Liability Waiver
Under no circumstances, including, but not limited to, negligence, shall Allianz Global Investors GmbH be liable for any special or consequential damages that result from the access or use of, or the inability to access or use, the materials at the website.
Cookies
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Linked Sites
Some pages on this website contain information maintained by third parties. Although the information is believed to be reliable, Allianz Global Investors GmbH does not guarantee the timeliness, accuracy or suitability of such information in any way and anyone who acts on the information does so entirely at their own risk. Allianz Global Investors GmbH is not responsible for the content of any links to off-site pages, nor is it responsible for any websites that may contain links to this website. Any such website will not have been reviewed by Allianz Global Investors GmbH and Allianz Global Investors GmbH shall not be liable for any loss or damage arising from your reliance upon information therein. Following links to any off-site pages or other websites shall be entirely at your own risk.
Copyright
Copyright in this website is owned by Allianz Global Investors GmbH. The copyrights of third parties are reserved. You may download or print a hard copy of individual pages and/or sections of the website, provided that you do not remove any copyright or other proprietary notices. Any downloading or other copying from the website will not transfer title to any software or material to you. You may not reproduce (in whole or part), transmit (by electronic means or otherwise), modify, link or use for any public or commercial purpose the website without the prior permission of Allianz Global Investors GmbH.
Nothing at the website shall be construed as granting any license or right to use any image, trademark, service mark or logo. Allianz Global Investors GmbH reserves all rights with respect to copyright and trademarks ownership of all material at the website, and will enforce such rights to the full extent of applicable law.
Money Laundering
Any transaction involving client money will be covered by statutory and other requirements relating to money laundering including the Proceeds of Crime Act 2002, the Money Laundering Regulations, the Financial Conduct Authority rules and the Joint Money Laundering Steering Group Guidance Notes, as amended from time to time (jointly "the Money Laundering Requirements").
