Agreement to Terms of Use
By accessing this website, you acknowledge that you agree with the following terms and conditions of use and legal information, as regards this website and the information on it.  Daiwa SB Investments (Singapore) Ltd.  ("DSBI SIN") reserves the right to change the terms and conditions of use, and notices under which this site is offered.  We suggest that you check these terms of use periodically for changes.  If you use this website after we post changes to these terms of use, you accept the changed terms of use.  We reserve the right to monitor the use of this website.

If you do not agree with all of the terms of use and legal information contained in this Legal Notice, you should exit this website immediately.  Further, this website may only be used by persons who can form legally binding contracts under applicable laws.  Without limiting the generality of the foregoing, this website is not available to persons under the age of 18.  If you are below such age, you should exit this website immediately.  Your use of this site constitutes your understanding and agreement to the following terms of use and legal information.

Intended Users
This website and its contents are intended only for Institutional Investors and Accredited Investors, as defined in Singapore's Securities and Futures Act, or equivalent classes of investors under the laws of the country or jurisdictions of such persons.  Products and services described in this website are available to such aforesaid categories of persons only.

Intended Purpose
The contents of this website are for information purposes only.  In particular, the information herein is intended to enable the reader to understand the nature of DSBI SIN's and/or its affiliates' services ("Services").  The Services are designed to integrate with the services provided by clients' other financial, legal and tax advisors, not to replace their services.

Information in this website should not to be relied on as advice, as it does not have regard to the specific objectives, financial situation and particular needs of any specific person.  You should seek the advice of qualified professional advisors, in evaluating the information, products and/or services referred to herein and the inherent risks of investments.  The information in this website is not intended to provide or replace any financial, legal or tax advice.  You acknowledge that your use of this website and any requests for information are unsolicited, and information given pursuant thereto shall not constitute any advice from DSBI SIN nor form any investment advisory relationship or any other client relationship between you and DSBI SIN or any of its affiliates or employees.

DSBI SIN may invest and hold interests in companies, funds or securities referred to in this website.

No Offer
Nothing contained in this website should be construed as a solicitation of an offer to buy or offer, or recommendation to acquire or dispose of any security, commodity or investment or to engage in any other transaction.  The information in this website is not to be taken as DSBI SIN's endorsement, recommendation or sponsorship of any company, security or participation in any funds.

Website, Trademarks, Copyrights and other Intellectual Property
This website is owned and operated by DSBI SIN.

Your access and use of this website is subject to all applicable laws and regulations of any and all relevant jurisdiction(s).

The content contained on this website, including any and all screens, images, information, user interfaces, arrangements of information and/or images, related software and other proprietary property of DSBI SIN, its affiliates and/or its licensors accessible via this website is owned or licensed by DSBI SIN, its affiliates and/or its licensors, as the case may be, and is protected by applicable copyrights, trademarks, service marks, and/or other intellectual property rights.  Such content is solely for your personal, non-commercial use.  You may not copy, distribute, transfer, sell, modify, post, frame or deep link this website or any part thereof, including any information, text, graphics, video, audio, software code, user interface design or logos. You may not distribute, modify, transmit, reuse, repost, or use the content of this website for public or commercial purposes, including all text, images, audio, and video, without DSBI SIN's prior written permission.  Modification or use of the aforementioned material for any other purpose violates DSBI SIN's intellectual property rights.

All trademarks, service marks, trade names, and logos displayed on this website are proprietary to DSBI SIN and/or their respective owners.  Nothing contained on this website should be construed as granting, by implication, estoppel, or otherwise, any license or right to use any trademark displayed on this website without the written permission of DSBI SIN or such other third party that may own the trademark, service mark, trade name, and/or logo displayed on this Website.  Your use of the trademarks, service marks, trade names, and logos displayed on this website, except as expressly provided herein, is strictly prohibited.

All rights not expressly granted herein are reserved.

Unauthorised Access
This website is not fully protected against unauthorised third parties.  You acknowledge that any information provided through the internet may be potentially accessed by unauthorised third parties.  You acknowledge that we are not responsible for ensuring that no access is made by such unauthorised third parties, nor for notifying you that such parties have gained such access or that any data has been otherwise compromised during transmission across computer networks or telecommunication facilities.

Links to and from Other Sites
DSBI SIN is not responsible for hypertext links to other sites, in particular as regards the content of these sites, including opinions, advice and information provided by the authors of these sites, nor do we endorse it.  We disclaim any and all responsibility for the contents of such sites.

Timeliness of Content
All content on this website is presented only as of the date published or indicated, and on a "as is" and "as available" basis, and may be superseded by subsequent market events or for other reasons.

Limitation of Liability

No Warranty


DSBI SIN makes no warranty or representation that this website can be accessed at all times. This website may, without notice, be changed or be temporarily unavailable or restricted for administrative or other reasons.

You will indemnify DSBI SIN (including its affiliated or associated companies) and their officers, directors, employees, partners, distributors, licensors, licensees and agents in respect of any injury, loss, damage, cost or expense (including without limitation, reasonable attorney's fees and expenses) occasioned by or arising directly or indirectly from your operation or use of this website or your supply of information to a third party provided in breach of any of your obligations under these terms and conditions of use or privacy policy, or any of your other acts or omissions.

This website is not designed for the transmission of time sensitive instructions or questions.  If you transmit any communication through this website to DSBI SIN directly or through any third-party internet or other service provider, you shall be responsible and liable for any omissions or failures that may be made while transmitting or receiving communications using this website.  Furthermore, if you use this website to transmit time sensitive instructions or questions, you will be liable for any loss that may arise, and any such information is transmitted at your own risk.

The information presented in this website is based, among other things, on market data at a given time, that is therefore subject to market changes and may change from time to time.  Although the information contained in this document is from sources deemed reliable, no guarantee is made as to its accuracy, completeness or reliability.

References to other Companies and Publications
Where reference is made in this website to any company or publications, it is for information only, and is not to be taken as an endorsement, approval or recommendation by us of such company or information, nor that such other company endorses, approves of or recommends DSBI SIN and its affiliates.  Where news stories are quoted in this website, such stories reflect only the author's opinion and not necessarily that of DSBI SIN or its affiliates.

Information provided by User
You represent and warrant to us that all information that you provide in the course of using this website, shall be true, accurate and complete.

No Unlawful or Prohibited Use
You represent and warrant to us that you will not use this website for any purpose that is unlawful or prohibited by these Terms of Use.

In the course of your accessing and using this website, we may collect, use, disclose and/or process personal data belonging to you.  Please refer to DSBI SIN's privacy policy which can be found at http://daiwasbiasia.com/singapore/legal_information.php (the "Privacy Policy").  By accessing and using this website, you agree and consent to DSBI SIN collecting, using, disclosing and/or processing your personal data as set out in our Privacy Policy.

Jurisdiction and Governing Law
DSBI SIN controls and operates the website contents from its office in Singapore via its affiliates.  By using this website, you agree that the laws of Singapore, without regard to principles of conflict of laws, will govern these terms and conditions of use and any dispute of any sort that might arise between you and DSBI SIN and/or its affiliates arising from your use of this website.  The courts of Singapore will have exclusive jurisdiction to settle any dispute that may arise out of, under, or in connection with these terms and conditions of use, and you consent and submit to the personal jurisdiction of those courts for the purposes of litigating any such action.  The use of this website is unauthorised in any jurisdiction that does not give effect to all provisions of these terms and conditions of use.

The information provided on this Website is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject DSBI SIN or its affiliates to any registration requirement within such jurisdiction or country.



Singapore Stewardship Principles

Daiwa SB Investments (Singapore) Ltd. embraces and supports the Singapore Stewardship Principles ("SSP").

The SSP encourages responsible investment and promotes good stewardship practices among the investor community.  The SSP aims to enable investors to be active and responsible shareholders, by articulating the core actions associated with investor stewardship.

The SPP also encourages companies to pursue the spirit of good governance and stewardship, with the ultimate objective of helping companies secure their performance over the long term, thus creating sustainable long term value for all stakeholders.  The following is a summary of the SPP:

Principle 1 - Taking a stand on stewardship
As an asset manager, in order to implement this principle, we have documented our support for fulfilling the stewardship responsibility in our Policies.

Principle 2 - Know your investment
We encourage our stakeholders to communicate regularly and effectively with us.

Principle 3 - Stay active and informed
We encourage our stakeholders to keep themselves actively informed of their investments, through reports and Factsheets.

Principle 4 - Uphold transparency in managing conflicts of interest
We have rules governing and managing the conflicts of interest in our Code of Conduct.

Principle 5 - Vote responsibly
We have clearly documented in our Policies governing topics such as Proxy Voting, Corporate Actions & Class Actions which generally support company activities that will enhance the corporate governance standard and favour those companies whose management protect shareholders' value and enhance long term return on investments.

Principle 6 - Set a good example
We have documented our support for the Singapore Stewardship Principles, to set a good example for our stakeholders. Daiwa SB Investments (Singapore) Ltd. is listed in www.stewardshipasia.com.sg as a supporter of the SPP.

Principle 7 - Work together
We will always be willing to engage responsibly with our stakeholders, where appropriate.



Daiwa SB Investments (Singapore) Ltd. ("DSBI") considers customer privacy to be a fundamental aspect of our relationship with clients.  We are committed to maintaining the confidentiality, integrity, and security of our current, prospective and former clients' personal information.  We take our responsibilities under Singapore's Personal Data Protection Act 2012 seriously.  We have developed policies that are designed to manage, protect and process your personal data, while allowing clients' needs to be served.

This Privacy Policy is intended to assist you in understanding how we collect, use, disclose, manage, protect and/or process any personal data which you may provide to us.  If you have any questions on this policy or other queries on how we collect, use, disclose, manage, protect and/or process your personal data, or you have any complaint about how we handle your personal data, please contact the following:-

Data Protection Officer
Daiwa SB Investments (Singapore) Ltd.
Email address: dpo@daiwasbi.com.sg

1. The PDPA
Unless the context otherwise requires, the following words and expressions shall have the following meanings:

a. "Personal Data" means any data, whether true or not, about an individual who can be identified (a) from that data or (b) from that data and other information to which we have or are likely to have access to, including data in our records as may be updated from time to time.  Personal Data that you may provide to us includes, without limitation, your name, your identification details such as your identity card, passport or other identification number, your contact details such as your telephone numbers, mailing address, email address, and also your bank account details and other financial information.  Personal Data may also include the IP address of your personal computer, the country from which the enquiry is made, the pages visited, the time the visit was made, and the browser type.

b. "PDPA" means Singapore's Personal Data Protection Act 2012 and any regulations and guidance issued in connection thereto, as each may be modified, amended, supplemented or re-enacted from time to time.

In the course of providing you with products and services, we and certain of our service providers may obtain your Personal Data.  This information may come from sources such as account applications and other forms, from other written, electronic or verbal correspondence, from your transactions, from your brokerage or financial advisory firm, financial adviser or consultant, and/or from information captured on our internet websites.

2. Purpose of Collection, Use, Disclosure and Processing of Personal Data
We may collect, use, disclose and/or process your Personal Data for various purposes, including but not limited to:

a. processing your application in relation to holdings in any of the products or services offered by us or through by our approved distributors (including but not limited to our funds and other investment products);

b. generating financial, regulatory, management or other related reports, correspondence, statements, invoices, confirmations, advices or notices in connection with our services and/or investment products;

c. preventing, detecting and investigating crime, misconduct, offence or unlawful activity including but not limited to fraud, money-laundering, terrorist financing and bribery, and analysing and managing commercial risks;

d. reviewing and approving your account(s), and the conduct of initial and anticipatory credit checks and assessments, relevant checks, ongoing assessment and verification of ongoing credit worthiness and standing;

e. meeting or complying with our internal policies and procedures and any applicable rules, laws or regulations, regulatory policies, guidelines or industry codes, orders, directions or requests issued by any court, legal or regulatory or governmental bodies (whether in Singapore or otherwise) including but not limited to the carrying out of audit checks, surveillance and investigation;

f. legal claims, actions or proceedings including but not limited to drafting and reviewing documents, obtaining legal advice and facilitating dispute resolution or defending or enforcing our legal rights and obligations;

g. taking instructions from you or handling feedback, queries or complaints;

h. sending you information about any administrative changes, updates and/or amendments to our policies, terms and conditions;

i. storing, hosting, backing up (whether for disaster recovery or otherwise) of your Personal Data, whether within or outside Singapore;

j. maintaining the security of our premises including but not limited to the use of forms of surveillance such as security cameras;

k. facilitating any proposed or actual business assignment, transfer, participation or sub-participation in any of our rights or obligations in respect of your relationship with us; and

l. purposes which are reasonably related to the aforesaid,

(collectively, the "Purposes").

We will notify you of the purposes for which your Personal Data may be collected, used, disclosed and/or processed, as well as obtain your consent for the collection, use, disclosure and/or processing of your Personal Data for the intended purposes, unless an exception under the law permits us to collect and process your personal data without your consent.

As the purposes for which we may/will collect, use, disclose or process your Personal Data depend on the circumstances at hand, such purposes may not appear above.  However, we will notify you of such other purposes at the time of obtaining your consent, unless processing of your Personal Data without your consent is permitted by the PDPA or by law.

3. Disclosure of your Personal Data to Third Parties
As a matter of policy, we do not disclose any personal or account information provided by you or gathered by us to non-affiliated third parties, except as required or permitted by law or for our everyday business purposes, such as to process transactions or service your account.  As is common in the industry, non-affiliated service providers may from time to time be used to provide certain services, such as preparing and mailing prospectuses, factsheets, reports, account statements and other information, conducting research on client satisfaction, and gathering shareholder proxies.  We may also retain non-affiliated financial service providers, such as broker-dealers, to market our products, and we may enter into joint marketing arrangements with them and other companies.  These companies may have access to your personal and account information, but are permitted to use the information solely to provide the specific service or as otherwise permitted by law.  We may also provide your personal and account information to your brokerage or financial advisory firm and/or to your financial adviser or consultant.

We reserve the right to disclose or report personal information to non-affiliated third parties in limited circumstances where we believe in good faith that disclosure is required or authorised by law, to cooperate with regulators or law enforcement authorities or public agency, for the purposes of investigations or legal proceedings, to protect our rights or property, or upon reasonable request by any of our mutual funds in which you have invested.  In addition, we may disclose information about you or your accounts to a non-affiliated third party at your request or if you consent in writing to the disclosure.

We may share client information with our affiliates in connection with servicing your account, and subject to applicable law may provide you with information about products and services that we or our affiliates believe may be of interest to you.  The information that we may share may include, for example, information about our or our mutual funds' experiences and transactions with you, your participation in our mutual funds or other investment programs, your ownership of certain types of accounts (such as IRAs), information captured on our internet websites, or other data about your accounts, subject to applicable law.  We will employ our best efforts to require such affiliates, not to share your information with non-affiliated entities, except as required or permitted by law.

4. Management of Personal Data
We take seriously the obligation to safeguard your non-public personal information. In addition to this policy, we have implemented procedures that are designed to restrict access to your non-public personal information to our personnel who need to know that information to perform their jobs, such as servicing your account or notifying you of new products and services.  Physical, electronic, and procedural safeguards are in place to guard your non-public personal information.  However, we cannot assume responsibility for any unauthorised use of your Personal Data by third parties which are wholly attributable to factors beyond our control.

We will put in place measures such that your Personal Data in our possession or under our control is destroyed and/or anonymised as soon as it is reasonable to assume that all of the purposes for which that Personal Data was collected is no longer being served by the retention of such Personal Data, and retention is no longer necessary for any other legal or business purposes.

Where your Personal Data is to be transferred out of Singapore, we will comply with the PDPA in doing so.  This includes our obtaining your consent unless an exception under the PDPA or applicable law applies, and taking appropriate steps to ascertain that the foreign recipient of the Personal Data is bound by legally enforceable obligations (which may or may not be set out in a contract between the parties) to provide to the Personal Data transferred, a standard of protection comparable to that provided under the PDPA.

5. Third Party Data
In the event that you provide Personal Data relating to a third party (such as information of your next-of-kin, spouse, dependent, children and/or parents) to us, you represent and warrant by submitting such data to us that the third party's consent has been obtained for the collection, use and disclosure of the Personal Data for the Purposes listed herein.

6. Request for Access and/or Correction of Personal Data
You may request to access and/correct Personal Data which is in our possession, by sending us a written request. We will require sufficient information from you in order to ascertain your identity and the nature of your request. If your request is denied, we will provide you with the reasons for so doing.

We may charge you a reasonable fee for processing your request, and will provide you with an estimate of the fees chargeable.

7. Request to Withdraw Consent
You may withdraw your consent given for any or all Purposes set out herein by notifying the Data Protection Officer in writing.  In the event that your consent is withdrawn for any Purpose, we may not be able to continue providing our products or services to you and we reserve the right to cease providing our products and services to you.  Your withdrawal of consent may be considered as a termination by you of any agreement which you may have with us, and a breach of your contractual obligations or undertakings. In such event all our legal rights and remedies will be expressly reserved.

8. Cookies
We use cookies on our website.  Cookies are small text files that are placed and stored on your computer when you visit any website.  Cookies enable the website to recognise you, log when you visit a particular page, although they also improve your browsing comfort.  Your use of our website constitutes consent by you to our use of cookies.

Copyright © 2017 Daiwa SB Investments (Singapore) Ltd. All rights reserved.