Legal Information


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You have just logged in to www.theam.bnpparibas website (the “Website”) edited by THEAM. As a user of the Website, you must carefully read the terms of use (the “Terms of Use”) and access to the Website will amount to your acceptance to these Terms of Use.

The information published on the Website is for your general information only and does not constitute :

  • an offer to buy nor a solicitation to sell, nor shall it form the basis of or be relied upon in connection with any contract or commitment whatsoever;
  • or any investment advice.

Access to the Website

Access to the Website is free of charge. Costs due to access and use the telecommunication network are borne by the Internet user in accordance with the terms and conditions set out by the Internet service providers and telecoms operators.
The Website user acknowledges that he has the expertise and resources required to access and use the Website.
Please be reminded that it is a criminal offense to unlawfully access or remain in a computer system, hamper or distort the operation of a computer system, or fraudulently introduce or alter the data stored in a computer system.

Intellectual Property

All of the content (texts, pictures, data, graphs, illustrations, sound tracks…) of the Website is governed by French law on copyright, trademarks and, overall, on intellectual property.
Copying or representing without any prior and express authorization, whether in whole or in part, the pages, data and any other material of the Website, on any support and through any process is prohibited and such an action constitutes an infringement of rights for which penalties are provided under the French Code de la Propriété Intellectuelle.
Trademarks of the Website editor and of BNP Paribas group companies featured on the Website are trademarks protected under various declensions in France and internationally by BNP Paribas who has authorized its subsidiary THEAM to use it.
Any reproduction or representation, whether in whole or in part, of these trademarks done with the content of the Website without the express and prior authorization of BNP Paribas S.A. is prohibited in accordance with article L. 713-2 of the Code de la Propriété Intellectuelle.
Any use of the content of the Website for unlawful purposes will be subject to prosecution.
With a few exceptions, some of the content (texts, pictures…) is property of its respective authors.

Technical information

Please be reminded that secrecy of correspondence is not guaranteed on the Internet network and that it is up to each Internet user to take all appropriate steps to protect his/her own data and/or software from potential online virus infection.
THEAM will not be held liable either for factors beyond its control or for damage which could potentially be sustained by the technical background of the user and more particularly, hardware, software, equipment networks and any other equipments used to access or use the service and/or the information.


THEAM will take all reasonable steps to ensure that the information published on the Website is accurate, up-to-date and exhaustive and reserves the right to amend, at any time and without any prior notice, the content or presentation of this Website.
However THEAM cannot guarantee exhaustiveness or absence of amendments by third parties (intrusion, virus…).
Information published on the Website may be partial or incomplete due to the necessary simplification of texts, which do not have any contract value. THEAM will not be held directly or indirectly liable for the accuracy, the absence of errors, the update and the availability of the data contained in this Website.
THEAM will not be held liable either for any decision taken based on information contained in the Website or for the use which could be made out of it by third parties.
THEAM will not be held liable in case of delays, errors or omissions related to these pages as well as in case of interruption or unavailability of the service. In this regard, the liability of THEAM will not be incurred in case of any kind of indirect damage such as, without this list being exhaustive, losses arising out of transactions made on the basis of this information, losses of incomes, losses of bargain, losses arising out of discontinuation of service, increase of access and data processing costs. You commit yourself to make out of the information contained on the Website a personal and not a business use.

Hypertext links

Creation of hypertext links towards the Website is subject to the prior consent of the Website editor. THEAM shall not be held liable for the content of websites whose hypertext links give access to the Website. By clicking on hypertext links featured on www.theam.bnpparibas which give access to other websites, the user is logging out of the Website. THEAM shall not be held liable for the content and potential damage sustained while browsing the websites to which the Website gave access through hypertext links. The user visits the other websites on his/her own responsibility and at his/her own risks.


Users are made aware that when browsing the Website, a cookie may be automatically installed and temporally retained in the user’s memory or on his hard disk. Cookies do not make it possible to identify users, but rather record information about user’s use of the Website.
Users acknowledge that they have been informed of this practice and authorize THEAM to use it. They may disable the cookie by using the settings in their navigation software.

Personal data

Data captured on the Website will be processed by THEAM.
In order to get to know you better and to come up to your expectations, THEAM will gather personal information about you. This information is necessary and will be saved and processed with a high level of protection by THEAM.
It will be used for the following purposes: receiving by email and/or by mail publications, news and newsletters, setting up surveys in order to get to know the profile of the Website users. It will only be used for the necessities of the internal management of THEAM, for compliance with legal and regulatory duties, or for commercial actions subject to your approval.
You are granted a right to access, modify, amend and delete data gathered on the Website, in accordance with French law n°78-17 dated 6 January 1978 (as amended) regarding computing, files and freedom.
If you wish to exercise any of these rights, you may do so by sending a written request to the manager of the Website by mail to the following address:
1, boulevard Haussmann
75009 Paris
or by email to : theam.clientservices@bnpparibas.com

Legal information

THEAM is an asset management company registered with the French Autorité des marchés financiers under number 04000048 as a société par actions simplifiée with a share capital of EUR 8.317.840 with its registered office at 1, boulevard Haussmann 75009 Paris, France, registered to the French Registre du Commerce et des Sociétés of Paris under number 428 753 214 and is member of the Association Française de la Gestion Financière (AFG), a professional body for third-party asset management in France. EU VAT number FR 78 428 753 214. The www.theam.bnpparibas website is edited by THEAM, the Senior Editor of the website is Denis PANEL. The hosting provider is Bearstech.

Investments in the aforementioned fund are subject to market fluctuation and risks inherent in investing in securities. The value of investments and the revenue they generate can increase or decrease and it is possible that investors will not recover their initial investment. Source: BNP Paribas Investment Partners.