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March Asset Management, S.G.I.I.C., S.A.U. (MARCH A.M.), with tax number A-82734807, registered address at Calle de Castelló, nº 74, 28006 Madrid, Spain, filed with the Companies Registry of Madrid at volume 15,551, Section 8, Folio 161, Page M-261,724, and entered on the CNMV Register under no. 190.

1.- Legal notice and terms of use

  • a- Access to this electronic portal and any of its pages (the “website”) implies acceptance of these terms of use. It is recommended that you read them carefully before relying on, or making use of the information contained on the MARCH A.M. website.
  • b- The content of the MARCH A.M. website, particularly advertising information, does not constitute a binding offer and is intended solely as an invitation ahead of any offer that a user of the website may choose to make. Binding offers, should any such offer exist, shall be explicitly identified as such.
  • c- Before making any investment decision, you should seek appropriate and specific professional advice from third party advisors and remember also that past performance is no guarantee of future returns. In addition, please note that there may be unintentional discrepancies between the printed version and the electronic version of the documents relating to the products and services of MARCH A.M. While we remain at your disposal to answer any queries or doubts you may have, you may also examine the information on these products and services on the website of the National Securities Market Commission (, as this is the most up-to-date and valid information
  • d- MARCH A.M. reserves the right to carry out, at any time, partial or total updates and modifications of the terms and information contained on its website, as well as to suspend or restrict access, either temporarily or permanently, when circumstances so advise or require.
  • e- References on the MARCH A.M. website to any product, service, process or any other information using the brand, commercial name, domain or manufacturer, supplier or provider that are owned by third parties do not constitute or imply a recommendation by MARCH A.M., nor the assumption of liability for their content, quality, truthfulness and up-to-dateness. Without prejudice to any links providing access from the MARCH A.M. website, it is recommended to verify the reliability of the information in the original sources.
  • f- MARCH A.M. accepts no liability for the consequences of any improper use of the contents of its website, of any use of the website by minors, or of any use by those persons who, by virtue of their national legislation, are not permitted to access this type of web page and the products and services contained therein.
  • g- MARCH A.M. . accepts no liability for any security incidents that may occur due to the use of non-updated browsers, nor for the effects and consequences that may arise from any malfunctioning of the browser, due to computer viruses or any other causes or circumstantial factors beyond the control of MARCH A.M.

2.- Persona data

MARCH A.M. complies at all times with prevailing law and regulations on the protection of personal data, thus preventing any unauthorised access, alteration, loss or processing of the data. MARCH A.M. has adopted all necessary measures to ensure the level of security required by law, in accordance with the nature of the personal data processed and the circumstances of the processing. Accordingly, the data obtained through forms or any electronic means will be used for the purpose indicated therein and will be entered into the corresponding MARCH A.M. file. During the customer registration process, more detailed information will be provided on the rights of customers when it comes to the protection of their personal data.

3.- Internal Code of Conduct:

MARCH A.M. has an Internal Code of Conduct, and all its employees, managers and directors are subject to it, as well as, in general, to the general rules of conduct and action provided for under current legislation.

4.- Anti-money laundering:

MARCH A.M. assumes all commitments required under prevailing anti-money laundering law and regulations.

5.- General Investment Guarantee Fund:

MARCH A.M. is a member of the Spanish General Investment Guarantee Fund (FOGAIN), the purpose of which is to provide customers with compensation cover in the event that MARCH A.M. becomes insolvent.

FOGAIN covers any failure to repay cash or to return securities or financial instruments under the following terms:

  • The maximum coverage is 100,000 euros.
  • The maximum coverage applies per account holder.
  • FOGAIN calculates the amount of the overall amount owed to each account holder by the institution concerned.

To learn more about FOGAIN, please visit the following website:

6.- Copyrights:

Unless otherwise indicated, the MARCH A.M. website, along with its pages, screens, information, appearance, design, codes and links, is the property of MARCH A.M. The exploitation rights (reproduction, distribution, public communication and transformation) are reserved to MARCH A.M. The above notwithstanding, you may, at your own risk, download the contents and copy and print any information contained on the website, as long as it is for personal use and does not infringe the intellectual property rights of MARCH A.M. You may not, under any circumstances, without the prior express consent of MARCH A.M., reproduce, transmit, communicate or modify the content of the MARCH A.M. website, either directly or indirectly.

7.- Customer ombudsman:

In compliance with applicable law and regulations, please be advised that MARCH A.M., as a subsidiary of Banca March, S.A., has set up a Customer Service Department and appointed a Customer Ombudsman

  • Customer Service Department: María del Mar Mainzer. Address: Avenida Alejandro Rosselló, nº 8 (Palma de Mallorca, 07002). Tel.: 971779422. Fax: 971779398. Email:
  • Customer Ombudsman: José Luis Gómez-Dégano y Ceballos-Zúñiga. Address: Calle Raimundo Fernández de Villaverde, nº 61, 8º Dcha, (Madrid 28003). Tel.: 914295661. Fax: 914292319.

Complaints and claims will be processed in accordance with the provisions of the Customer Defence Regulations of Banca March, S.A. and the companies belonging to its Group. Customers may ask for a copy to be delivered to their MARCH A.M. branch, at any of the branches of Banca March, S.A., or consult it on the Internet at Alternatively, they may request a copy by writing to:

Rules and Regulations on the Defence of Unitholders

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