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Important legal information

Please read this page before proceeding, as it explains certain restrictions imposed by law on the distribution of this information and the countries in which SKAGEN's funds are authorised for sale. This website is not intended for citizens or residents of the United States of America.

It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction.

The funds described in the following pages are managed by SKAGEN AS and can only be marketed in certain jurisdictions; currently Norway, Sweden, Denmark, the Netherlands, Finland, Luxembourg, Iceland, the United Kingdom, Switzerland, Belgium, Germany, Ireland, France and the Faroe Islands. It is your responsibility to be aware of the applicable laws and regulations of your country of residence regarding investments in SKAGEN's funds including possible tax consequences. Applications to invest in any fund referred to on this site, must only be made on the basis of the offer document relating to the specific investment (e.g. KIID, Prospectus and the General Commercial Terms).

The content of the following pages only contains general information and does not constitute financial advice or an offer or solicitation to invest in any of the funds referred to on this site in any jurisdiction in which such offer or solicitation would be unlawful or in which the person making such offer or solicitation is not qualified to do so or to anyone to whom it is unlawful to make such offer or solicitation.

Specifically, the funds described on this website are not available for distribution to American citizens or to residents in or taxable to the US.

Relevant and specific professional advice should always be obtained before making any investment decision.

As a result of money laundering regulations, additional documentation for identification purposes may be required when you make your investment.

SKAGEN AS cannot guarantee that there will be no errors or deficiencies in the SKAGEN Funds website and shall have no liability for any such errors or deficiencies unless intent or gross negligence can be proven. SKAGEN AS shall not be liable for damages arising out of the use of or reliance upon the information provided on this site, including any loss of profit or any other damage, direct and consequential. In any circumstance, any liability is limited upwards to the value of the actual or would-be purchase made by the injured party at the time when the transaction would have taken place.

Any liability on behalf of SKAGEN AS does not include damages or losses that are caused by matters outside the control of the company. SKAGEN AS accepts no liability for indirect damages or losses of any kind, including losses incurred due to agreements with third parties lapsing or not being fulfilled as presupposed.

If SKAGEN AS has used clearing houses, managers or other Norwegian or foreign assistants, SKAGEN AS shall not be liable or responsible for any loss or damage incurred as a consequence of their acts or omissions.

The content of this web site may be subject to changes without prior notice.

Any dispute arising in connection with this website or any agreement made with SKAGEN AS will be settled in accordance with Norwegian law, with Stavanger District Court as legal venue.

Information for Belgian Investors

The Belgian website is under construction in cooperation with the Financial Services Authority of Belgium (FSMA) and not accessible at the moment. SKAGEN apologises to its Belgian investors for any inconvenience caused by this situation. As soon as the Belgian website has been approved by the Belgian regulator (FSMA), we will provide the relevant link to our Belgian investors.

By using or accessing this site, you accept and agree to be bound by these terms.


Historical returns are no guarantee for future returns. Future returns will depend, inter alia, on market developments, the fund manager's skill, the fund's risk profile and management fees. The return may become negative as a result of negative price developments.