In accordance with Act 10/2008 of 12 June, governing collective investment undertakings under the laws of Andorra, the information provided here on collective investment undertakings (CIUs is intended for qualified investors only and is not therefore intended for investors who are not qualified investors within the meaning of article 29 of Law 10/2008.


For these purposes, the term Qualified investor means any investor who:


  • possesses the expertise and/or resources needed to exhaustively appraise the risks of dealing in financial instruments and who meets the following conditions:
    • is a qualified investor
    • will be investing a minimum of 50,000 euros
    • has been ratified by the marketing company as possessing the necessary knowledge and experience in similar investments, and in the risks typically associated with these CIUs
  • The term Qualified investor also extends to the legal persons authorised or regulated to operate in the financial markets, as listed in article 29 of Act 10/2008.