Legal notice

BBVA Asset Management, a global leader in asset management

This website www.bbvaassetmanagement.com (the "Website") enables users (the "User" or the "Users") to access the following general information, in accordance with Article 10 of Law 34/2002 of July 11 on Information Society Services and Electronic Commerce (the "LSSI"):

The following entities are responsible for the information featured on this Website:

BBVA ASSET MANAGEMENT, S.A., S.G.I.I.C.

 Tax ID number (NIF):  A-28597854

 Registered office:  Calle Azul, 4 in MADRID, province from MADRID, zip code 28050. 

 Enrollment in the Commercial Registry:  BBVA ASSET MANAGEMENT, S.A., S.G.I.I.C. is registered in the Companies Register of Madrid in Volume 5322, Sheet 113, Page 42,355.

 Details of entry in the National Securities Market Commission:  number 14

 Contact email address:  For inquiries about investment fund information, users can contact BBVA ASSET MANAGEMENT, S.A., S.G.I.I.C., by writing to the email address fondos.es@bbva.com  

For the purposes of Law 34/2002 of July 11 on Information Society Services and Electronic Commerce, said entity shall be responsible for investment fund information.

BBVA PENSIONES, S.A., E.G.F.P. 

 Tax ID number (NIF):  A-78901113

 Registered office:  Calle Azul, 4 in MADRID, province from MADRID, zip code 28050.

 Enrollment in the Commercial Registry:  BBVA PENSIONES, S.A., E.G.F.P. is registered in the Companies Register of Madrid in Volume 8493, Sheet 103, Page 85,183-1.

 Details of enrollment in the Directorate-General For Insurance And Pension Funds:  number G-0082.

 Contact email address:  For inquiries about pension plans and funds managed by this entity, users can contact BBVA PENSIONES, S.A., E.G.F.P. by writing to the email address fondos.es@bbva.com

For the purposes of Law 34/2002 of July 11 on Information Society Services and Electronic Commerce, said entity shall be responsible for information on the pension plans and funds it manages.

GESTIÓN DE PREVISIÓN Y PENSIONES, E.G.F.P., S.A.

 Tax ID number (NIF):  A-78630779

 Registered office:  Calle Azul, 4 in MADRID, province from MADRID, zip code 28050.

 Enrollment in the Commercial Registry:  GESTIÓN DE PREVISIÓN Y PENSIONES, E.G.F.P., S.A. is registered in the Companies Register of Madrid in Volume 1461, Sheet 79, Page M-27146.

 Details of enrollment in the Directorate-General For Insurance And Pension Funds:  number G-0133.

 Contact email address:  For inquiries about pension plans and funds managed by this entity, users can contact GESTIÓN DE PREVISIÓN Y PENSIONES, E.G.F.P., S.A. by writing to the email address fondos.es@bbva.com  

For the purposes of Law 34/2002 of July 11 on Information Society Services and Electronic Commerce, said entity shall be responsible for information on the pension plans and funds it manages.

BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

 Tax ID number (NIF):  A-48265169

 Registered office:  Plaza de San Nicolás, nº 4 en Bilbao, province of Vizcaya, zip code 48005.

 Enrollment in the Commercial Registry:  BANCO BILBAO VIZCAYA ARGENTARIA, S.A. is registered in the Companies Register of Vizcaya in Volume 208, Sheet 1545, Page VI-14741.

 Contact email address:  For inquiries in connection with information on Voluntary Social Welfare Entities (EPSV), users can contact BANCO BILBAO VIZCAYA ARGENTARIA, S.A., at fondos.es@bbva.com

In accordance with Law 34/2002 of July 11 on Information Society Services and Electronic Commerce, said entity shall be responsible for information about the EPSV.


The terms and conditions of use of the Website (the "Conditions of Use"), which Users of the site must comply with at all times, are set out below.

CONDITIONS OF USE OF THE WEBSITE

Acceptance of the Conditions of Use

These Conditions of Use govern use of the Website the Entities make available to Users. 

The Conditions of Use, together with the Legal Disclaimer, the Policy of Protection of Personal Details and the Cookies Policy constitute, as a whole, the terms and conditions that govern access to and use of the public section of the Website (the "Terms and Conditions of the Website"). Users may access the private area of the Website after having signed the corresponding contract. 

Access to and use of the Website by the User implies the User's full acceptance of the Terms and Conditions for the Website and obligation to fully comply with them. Therefore, the User must carefully read the present Conditions of Use, as well as the rest of the Terms and Conditions for the Website on each occasion he or she intends to use the Website, since these may undergo modifications, and with the User being notified about these at the time of the new access. Each Entity reserves the right to update, amend or delete these Terms and Conditions of the Website. 

Conditions of use of the Website

The User is obligated to make proper use of the Website, with proper use understood to mean that conforming with the legislation in effect, good faith, and public order. The User also undertakes not to use the Website for fraudulent purposes and not to behave in any way that may damage the image, interests and rights of the Entities or third parties. The User is also committed to refraining from any act that has the intention of damaging or overloading the Website or otherwise making it unusable, or that in any way impedes the normal use and functioning of the Website. 

The User is hereby informed that, if they breach the content of or obligations arising from the Terms and Conditions of the Website, the Entities reserve the right to limit, suspend or end their access to the Website and adopt any technical measure required for such purpose. The Entities shall be entitled to implement such measures if they have grounds to reasonably suspect that the User has breached any of the terms stipulated in the Terms and Conditions of the Website or any other particular terms and conditions included in the Website. 

The Entities reserve the right to update, amend or delete the information featured on the Website, including the contents and/or services included in the same, and may even limit or prevent access to said information at any time without prior warning. Specifically, the Entities reserve the right to delete, restrict or block access to the Website if technical difficulties arise due to events or circumstances unconnected to the Entities that they deem to diminish or invalidate the security levels or standards adopted to help ensure said Website functions properly. For such purpose, the Entities are entitled, at all times, to decide whether to continue to offer the information society services provided via the Website. 

Website content

The intellectual and industrial property rights on the Website, including the availability of the content of the same, the sui generis right to the underlying databases, the graphic design and User interface of the Website (look and feel), underlying computer programs (including source and object codes) and the other elements included in the Website (text, graphics, photographs, videos, sound recordings, etc.,) (the "Content") are owned by the Entities and their licensors. The different distinguishing marks included in the Website (trademarks and corporate names) are owned by the Entities and their licensors. 

Use of the Website by the User does not mean that they have been assigned any intellectual and/or industrial property right to the Website, the Content and/or the distinguishing marks of the Entities. For such purpose, under these Conditions of Use and except when legally permitted or with the prior authority of the Entities, the User is expressly prohibited from reproducing, changing, distributing, publicly communicating, making available, extracting content from and/or reusing the Website, its Content and/or the distinguishing marks of the Entities or any third parties included on the Website. The Entities are entitled to bring legal action against Users who violate or infringe the intellectual and/or industrial property rights. 

The Entities grant the Users who respect the Terms and Conditions of the Website authority to use it on a non-exclusive basis throughout the maximum term the intellectual and industrial property rights are in effect, pursuant to applicable regulations (unless access to the Website is discontinued on justified grounds) so that said users may use the Website in accordance with this document. 

Accordingly, the Entities STATE the following: 

  • The information contained on the Website is provided on an informative basis and is in no way a recommendation. Said information cannot in any way be considered legal, tax, financial, investment or technical advice and is not an offer or guarantee on the part of the Entities. Likewise, the information must not be understood to be a recommendation to perform transactions and does not constitute the basis on which to make a decision in a particular direction. The Entities shall be in no way liable for how the information contained on the Website may be used in such regard. Specifically, it must be understood that said information, which is subject to prevailing Spanish regulations, is not intended for Users who operate under the jurisdictions of other States that require compliance with different requirements as regards the availability, disclosure or publishing of information of this kind.
  • The information on the Website provided by the Entities does not constitute the technical opinion of the Entities.
  • The Entities are not responsible for ensuring that the Website content meets the Users' expectations. The Entities are only liable with respect to the reliability, accuracy or adequacy of information and for ensuring that it is complete and up-to-date if they have created it themselves and are not liable for information for which another source is indicated. The Entities are not liable for opinions or comments that may appear on the Website, that may be made by Users on a personal basis or that may stem from the sources indicated.
  • The Entities reserve the right to update, amend or delete information contained on the Website under the above terms and in no way undertake any commitment to communicate changes or amend the content of the same.

The User ACKNOWLEDGES AND ACCEPTS the statements of the above Entities and also GUARANTEES compliance with the regulations that apply to them as a User of this Website. 

Links policy

Establishing links with the Website

It is forbidden to set up links to the Website, unless the Entities have previously authorized such action. In any case, once the Entities have authorized a link, it must be set up under the following terms:

  • The link may not consist of frames that allow viewing of the Website via Internet addresses other than those of the Website, or that in any other way jointly display the information from the website with the information included on the other web pages.
  • No type of false, inaccurate or incorrect statement about the Website and/or Entities must feature on the website that introduces the link (the "Linking Site").
  • Under no circumstances does the authorization granted by the Entities mean that: (i) the Entities sponsor, contribute to, verify or monitor the content and/or services provided via the Linking Site; or (ii) that the Entities are in any way liable for the content of the Linking Site.
  • The Linking Site must faithfully comply with the law and may not, under any circumstances, house content created in-house or by third parties that: (i) is illegal, damaging to the rights of third parties, harmful, insulting, violent, inappropriate, or that in any other way contradicts common decency and social mores (pornographic, racist, etc.); (ii) encourages or may encourage the User to falsely think that the Entities subscribe to, endorse, adhere to or in any other way support the lawful or unlawful ideas, statements or expressions of the sender; and (iii) is inappropriate or not pertinent to the activity performed by the Entities.

The Entities may adopt appropriate legal measures if any of the above terms are breached.

Linked Sites

In order to help the User find additional information, the Entities may include different technical linking devices that enable the User to access other websites (the "Linked Sites"). In these cases, the Entities shall act as intermediaries, in accordance with Article 17 of the LSSI. In accordance with the provisions of said legislation, the Entities shall not be liable with regard to the services and content provided via Linked Sites, unless they are effectively aware of any unlawful behavior and have not disabled the link with due care and attention.

Under no circumstances shall the existence of Linked Sites imply that the Entities recommend, promote or identify or comply with the statements, content or services provided by the Linked Sites. Accordingly, the Entities are not liable for the content of the Linked Sites, or for their conditions of use and privacy policies and the User is solely responsible for checking and agreeing to the same each time they access them.

Reporting activities of an illegal or inappropriate nature

If the User or any other Internet User becomes aware that any type of information or content available on the Website or through it is illegal, damaging to the rights of third parties, harmful, insulting, violent, inappropriate, contrary to the provisions of these Conditions of Use, or that in any other way contradicts common decency and social mores, they can contact the Entities indicating the following details:

  • personal details for the person providing notification: name, address, phone number, and e-mail address;
  • description of the facts that reveal the illegal or inappropriate nature of the content or information, as well as the specific address where it is found;
  • under circumstances where the rights of third parties are violated, such as intellectual and industrial property rights, information on the holder of the infringed right must be provided if this is someone other than the person providing the notification. Furthermore, the document verifying ownership of the violated rights must be provided, and as applicable, the document verifying representation to act on behalf of the owner, when that owner is someone other than the person providing notification.

If the Entities receive the communication provided for in this clause, in accordance with the LSSI, this shall not mean that they are effectively aware of the activities and/or content indicated by the communicator when said activities and/or content are not well-known or evident. In any case, the Entities reserve the right to discontinue or remove content that, although not considered unlawful, is contrary to the rules set forth in these Conditions of Use, based on the disputed legal interests involved in each case.

Responsibility of the Entities

The User must be aware that communications performed through open networks are exposed to a variety of threats and may not be considered as secure. It is the User's responsibility to adopt all appropriate technical measures to reasonably control these threats, including among others, possessing updated detection systems for malicious software such as viruses, Trojan horses, etc., as well as keeping security patches up-to-date in the corresponding browsers. For more information, please view the Security Policy or contact your Internet services provider, which will be able to offer you appropriate solutions. Under the maximum scope permitted by applicable legislation, the Entities are not liable for damages or losses caused to the User as a result of risks that are inherent to the mechanism used, or those caused by weaknesses in their systems and tools. Likewise, the Entities do not guarantee that their systems are totally secure and, although they have adopted appropriate security measures, the existence of weaknesses cannot be totally ruled out. Therefore, the user must be cautious when interacting with the Website. 

Specifically, the Entities shall not be liable for: 

  • Damages or losses of any type caused to the User's computer equipment by viruses, worms, Trojan horses, or any other harmful element.
  • Damages or losses of any type caused to the User by malfunctions or disconnections in the telecommunication networks that lead to suspension, cancellation, or interruption of the Website's services while they are being provided. In this regard, the User acknowledges that access to the Website requires services provided by third parties outside the control of the Entities (by way of example: operators of telecom networks, access providers, etc.,) whose reliability, quality, continuity and functionality the Entities are not responsible for. Likewise, the Entities are not liable for ensuring service availability.
  • Third-party information in instances where the Entities provide intermediary services in the sense provided for by LSSI, unless there is effective knowledge of an issue and the corresponding information has not been removed.

The Entities are also not liable for direct or indirect damages or losses Users may experience due to an inappropriate use of this Website or the content thereof and undertake no commitment whatsoever to communicate changes or amend the content of the same.

Personal data protection

Aspects relating to the processing of the personal data of the Users in connection with their use of the Website are governed by the document Personal Data Processing.

Use of Cookies

Our Website uses "cookies" technology. For more detailed information on how the Entities use cookies, please read the Cookies Policy here 

Applicable law

In accordance with the Article 3 of the LSSI, the information society services the Entities provide via the Website shall be governed by Spanish law. Therefore, Spanish law shall apply to all legal issues concerning this Website and any disputes between the Registered User and the Entities with respect to the same.