This website is issued in the United Kingdom by Hutchinson Lilley Investments LLP (“HLI”) who are authorised and regulated by the Financial Conduct Authority. Any investments or investment services mentioned in this website are not available to private customers. The distribution of the information contained in this website in certain countries may be restricted by law and persons who access it are required to inform themselves and to comply with any such restrictions. This information does not constitute an offer or solicitation in any jurisdiction. Prospective investors should inform themselves as to applicable legal requirements, exchange control regulations and taxes in the countries of their citizenship, residence or domicile.

The material on the website is not directed to any person who is located in any jurisdiction where it would be prohibited to direct such material. Persons in respect of whom such prohibitions apply must not access the website. HLI will rely on your representations and warranties.

This website is published solely for informational purposes and has no regard to the specific investment objectives, financial situation or particular needs of any person. Information contained herein is believed to be reliable but no warranty is given as to its accuracy or completeness and views and opinions, whilst given in good faith, are subject to change without notice. The entire contents of the website are subject to copyright with all rights reserved. You may download or print individual sections of the site for your personal use and information only provided that you retain all copyright and other proprietary notices. You may not reproduce (in whole or in part), transmit (by electronic means or otherwise), modify, link into or use for any public or commercial purpose the site without the prior written permission of HLI. You must not transmit any virus or other item of a destructive nature to the site and it is your responsibility to ensure that whatever you download or select for your use from the site is free from such items. Where an unauthorised link to a non-HLI website exists, HLI does not accept responsibility for the content of such site nor the products, services or other items offered through that site. This site is established in England by HLI in accordance with and shall be governed by, and your browsing in and use of the site shall be deemed acceptance of, the law of England and Wales. A condition of using the site is that in the event of any dispute or proceeding you irrevocably submit to the exclusive jurisdiction of the English Courts and waive any objection to proceedings in such courts on the grounds of venue or on the grounds that the proceedings have been brought in an inconvenient forum. Each time you use the website, a condition of use is that you comply with the above terms.

HLI is regulated by Financial Conduct Authority and is required by their rules to draw your attention to the following: You should appreciate that the value of shares in the Funds, and any income from them, may go down as well as up and that an investor may not receive back, on redemption of his shares, the amount which he invested. Past performance is not necessarily a guide to future performance. Changes in rates of exchange may cause the value of the shares to go up or down. Warrants often involve a high degree of gearing so that a relatively small movement in the price of the security to which the warrant relates may result in a disproportionately large movement, unfavourable as well as favourable, in the price of the warrant.


Hutchinson Lilley Investments LLP supports the aims and principles of the UK Stewardship Code and have reviewed the Code’s implementation requirements. The members have determined that as the level of investment in UK equities will not be material that it will not be appropriate for the firm to comply with the Code. More can be found under our UK Stewardship Code disclosure


For HLI’s Pillar III disclosure, our MiFID II Best Execution disclosure and Complaints policy and process please follow the links.