Investimenti sostenibili: Resilienza nel mezzo dell’incertezza

Accedendo alla sezione Consulenti del sito, l'utente deve acconsentire, confermare e certificare di essere un "Cliente professionale di diritto" o un "Cliente professionale su richiesta" secondo le definizioni seguenti:

“Cliente Professionale di diritto”:
(1) i soggetti che sono tenuti ad essere autorizzati o regolamentati per operare nei mercati finanziari siano essi italiani o esteri quali:
a) banche;
b) imprese di investimento;
c) altri istituti finanziari autorizzati o regolamentati;
d) imprese di assicurazione;
e) organismi di investimento collettivo e società di gestione di tali organismi;
f) fondi pensione e società di gestione di tali fondi;
g) i negoziatori per conto proprio di merci e strumenti derivati su merci;
h) soggetti che svolgono esclusivamente la negoziazione per conto proprio su mercati di strumenti
finanziari e che aderiscono indirettamente al servizio di liquidazione, nonché al sistema di
compensazione e garanzia (locals);
i) altri investitori istituzionali;
l) agenti di cambio;
(2) le imprese di grandi dimensioni che presentano a livello di singola società, almeno due dei seguenti
requisiti dimensionali:
— totale di bilancio: 20 000 000 EUR,
— fatturato netto: 40 000 000 EUR,
— fondi propri: 2 000 000 EUR.
(3) gli investitori istituzionali la cui attività principale è investire in strumenti finanziari, compresi gli enti
dediti alla cartolarizzazione di attivi o altre operazioni finanziarie

“Cliente Professionale di diritto” and “Cliente Professionale su richiesta”
Possono essere classificati come “Clienti Professionali su richiesta” i soggetti che soddisfano almeno due dei seguenti requisiti:
— il cliente ha effettuato operazioni di dimensioni significative sul mercato in questione con una
frequenza media di 10 operazioni al trimestre nei quattro trimestri precedenti;
— il valore del portafoglio di strumenti finanziari del cliente, inclusi i depositi in contante, deve
superare 500.000 EUR;
— il cliente lavora o ha lavorato nel settore finanziario per almeno un anno in una posizione
professionale che presupponga la conoscenza delle operazioni o dei servizi previsti.
In caso di persone giuridiche, la valutazione di cui sopra è condotta con riguardo alla persona autorizzata
ad effettuare operazioni per loro conto e/o alla persona giuridica medesima.

“Accendendo al presente sito in veste di cliente o cliente potenziale, accetta di ricevere informazioni sul presente in più di una lingua”.

Leggere attentamente. Il presente documento fornisce importanti indicazioni sulle limitazioni alla distribuzione e sugli Stati nei quali è autorizzata la vendita dei nostri fondi. L'investitore è tenuto a informarsi e ad osservare le leggi e i regolamenti applicabili nella relativa giurisdizione.

ll contenuto delle pagine del sito non costituisce un'offerta né una sollecitazione all'investimento nelle quote/azioni dei fondi BlackRock. BlackRock non ha valutato l’idoneità di alcun investimento rispetto alle esigenze e alla propensione al rischio dei singoli investitori. Qualsiasi decisione di investimento deve basarsi esclusivamente sulle informazioni contenute nel Prospetto, nel Documento contenente informazioni chiave per l’investitore (KIID), nell’ultimo bilancio annuale certificato e se più recente nell’ultimo bilancio semestrale non certificato.

I fondi BlackRock non possono essere distribuiti a, né essere oggetto di investimento da parte di cittadini statunitensi.

Le quote ed azioni dei Fondi BlackRock non sono riconosciute ai sensi dello US Securities Act del 1993 e successivi emendamenti ("Securities Act"); pertanto, fatta eccezione per le operazioni che non violano il Securities Act o altre leggi statunitensi in materia di valori mobiliari (incluse, senza limitazione alcuna, le leggi dei singoli Stati degli Stati Uniti d'America), tali quote ed azioni non possono essere offerte né vendute, direttamente o indirettamente, negli USA, nei relativi territori e possedimenti o nelle aree soggette alla giurisdizione degli Stati Uniti d'America, né a, o a beneficio di, cittadini statunitensi.

I fondi descritti non sono stati, né saranno, autorizzati per la distribuzione al pubblico in Canada, in quanto nessun Prospetto relativo a questi fondi è stato registrato presso una commissione di controllo per i titoli e le transazioni né presso altra autorità di vigilanza in Canada o in una delle sue province o territori. Questo sito web non costituisce, e in nessuna circostanza deve essere inteso come, una forma di pubblicità o altra forma di offerta pubblica di titoli azionari in Canada. Nessun residente in Canada ai sensi dell’Income Tax Act (Canada) può acquistare o accettare un trasferimento di titoli azionari dei fondi descritti a meno che tale persona non sia autorizzata a svolgere queste operazioni ai sensi della legislazione in vigore in Canada o nelle sue province.

Le richieste di investimento nei fondi illustrati in questo sito devono essere presentate esclusivamente dopo aver letto il relativo documento di offerta (Prospetto, KIID e gli altri documenti contenenti termini e condizioni di investimento).

In virtù delle leggi contro il riciclaggio di denaro, all'atto della presentazione della richiesta di investimento, all'investitore può essere richiesto di fornire documenti aggiuntivi di identificazione. I dettagli concernenti tali regole sono riportati nel Prospetto Informativo o nei documenti legali relativi all'investimento.

Per qualsiasi dubbio relativo alle informazioni fornite, si raccomanda di rivolgersi al proprio consulente finanziario o a un consulente legale.

Le informazioni contenute in questo sito sono protette dal diritto d'autore e non possono essere riprodotte, copiate o distribuite, nemmeno parzialmente. Tutti i diritti riservati.

BlackRock ritiene in buona fede che le informazioni contenute nel sito siano corrette. BlackRock Investment Management (UK) Limited non fornisce tuttavia alcuna garanzia, espressa o implicita, sull'accuratezza o la completezza di tali informazioni, pertanto i dati che ne derivano non possono essere considerati tali. Fatte salve le responsabilità eventualmente attribuibili a BlackRock Investment Management (UK) Limited ai sensi dell'UK Financial Services and Markets Act del 2000 (o della effettiva legge applicabile, se tale applicazione è legittimamente ammissibile), BlackRock Investment Management (UK) Limited non potrà essere ritenuta in alcun modo responsabile per perdite o danni derivanti dall'uso delle informazioni qui fornite, incluse, senza limitazione, perdite di profitto o altri danni diretti o consequenziali. Le informazioni pubblicate in questo sito non devono essere intese come una consulenza all'investimento, o in materia fiscale, legale o di altro tipo.

Qualora BlackRock fosse oggetto di una richiesta di risarcimento da parte di una parte terza in relazione all'uso di questo sito web da parte dell’utente, l’utente accetta di rimborsare totalmente BlackRock per qualsiasi perdita, costo, azione, procedimento, rivendicazione, danno, spesa (ivi inclusi i costi e le spese legali ritenuti ragionevoli) o assunzione di responsabilità subiti o sostenuti direttamente da BlackRock come conseguenza dell'utilizzo improprio di questo sito web da parte dell’utente. Nessuna delle due parti verrà ritenuta responsabile nei confronti dell’altra per qualsiasi perdita o danno che l’altra parte dovesse sostenere o subire per cause che esulano dal ragionevole controllo della prima parte, inclusa, senza limitazioni, l’interruzione di alimentazione elettrica.

L’utente riconosce e accetta di essere tenuto a proteggere e mantenere riservata qualsiasi password da noi assegnata all’utente stesso e ai suoi dipendenti autorizzati e di impegnarsi affinché tale password non diventi di pubblico dominio. Qualora altre persone al di fuori dell’utente e dei suoi dipendenti autorizzati venissero a conoscenza della o delle password, l’utente si impegna a modificare immediatamente le password in questione utilizzando l’apposita funzione disponibile a questo scopo sul sito web.

Alcuni link presenti nelle pagine seguenti conducono a siti esterni al sito BlackRock Investment Management (UK) Limited, che potrebbero essere di entità non soggette all'UK Financial Services and Markets Act del 2000 né alle applicabili disposizioni di legge italiane. BlackRock Investment Management (UK) Limited non ha sottoposto a verifica tali siti, né può essere ritenuta responsabile per i contenuti in essi presenti, nonché per i servizi e i prodotti ivi offerti.

La performance passata non è indicativa di pari rendimenti in futuro. Il valore degli investimenti e gli utili da essi rivenienti possono subire fluttuazioni e non sono garantiti. E' possibile che non si rientri in possesso delle somme investite. Il valore degli investimenti è soggetto a variazioni anche in virtù delle oscillazioni dei tassi di cambio.

Il valore degli investimenti può diminuire improvvisamente e in misura consistente. Prima dell'adesione leggere il Prospetto.

A tutela dell'investitore, le telefonate vengono generalmente registrate.

Occorre tenere presente che, mentre per alcuni fondi BlackRock vige il regime della separazione delle attività e passività, altri fondi costituiscono parte di un'unica società e le loro attività/passività non sono separate. Per i fondi BlackRock non soggetti al regime della separazione patrimoniale, nel caso in cui un fondo BlackRock non fosse in grado di far fronte alle proprie passività  attraverso le proprie attività, la differenza potrebbe essere soddisfatta facendo ricorso alle attività  degli altri fondi BlackRock facenti parte della stessa società. Per ulteriori informazioni a questo proposito, consultare il Prospetto dei singoli fondi.

Le società del gruppo BlackRock che non svolgono attività di investimento nel Regno Unito non sono soggette alle disposizioni dell'UK Financial Services and Markets Act del 2000. Conseguentemente, gli investitori che stipulano un contratto di investimento con tali società non possono usufruire della protezione garantita da tale legge o dalle regole e norme attinenti, compreso il Programma di risarcimento degli investitori.

Le opinioni riportate sul presente sito non riflettono necessariamente, in tutto o in parte, quelle di altre entità del Gruppo BlackRock, e non costituiscono una consulenza all'investimento o altra forma di consulenza.

Ogni ricerca disponibile sulle pagine del presente sito è stata predisposta da BlackRock Investment Management (UK) Limited per finalità proprie.

Il presente sito è realizzato e mantenuto da BlackRock Investment Management (UK) Limited, 12 Throgmorton Avenue, Londra EC2N 2DL, società registrata in Inghilterra al n. 2020394, regolamentata dalla Financial Services Authority (registrata al numero 119293).

BlackRock è la denominazione commerciale di BlackRock Investment Management (UK) Limited.

BlackRock Investment Management (UK) Limited, Succursale italiana, Piazza San Fedele 2, 20121 - Milano; codice fiscale e registro imprese di Milano: 97283210157; partita IVA: 13433060152; R.E.A. Milano: 1650247. Iscritta al n. 24 dell'Elenco CONSOB.

Qualsiasi investimento implica una componente di rischio. Pertanto, il valore degli investimenti e il reddito da essi derivato può variare e l’importo inizialmente investito non può essere garantito. Il capitale e il reddito sono soggetti a rischio. Prima dell’adesione, leggere il Prospetto, il KIID e ove previsto il Documento di Quotazione disponibili sul presente sito e presso i soggetti collocatori autorizzati.

Last revised: 19 December 2019

Introduction

BlackRock is committed to processing personal information (“PI”), including sensitive personal information (“SPI”)¹, in line with all applicable privacy and data protection laws. Most of our offices are located in countries with laws governing the processing of PI. “BlackRock”, “we”, “us” or “our” means BlackRock, Inc., and each of the direct or indirect subsidiaries of BlackRock, Inc. (the “BlackRock Group”). BlackRock, Inc., BlackRock Group functions and the entity you contract with are the controllers of your PI. If your contract with the BlackRock Group is in connection with an investment in a BlackRock managed vehicle, the management company of the fund, together with the fund entity and, in circumstances where the investment manager is part of the BlackRock Group, that investment manager, will be the controller.

References to “you” or “your” refers to individuals whose PI is processed by BlackRock, including clients with direct or indirect relationships (such as those who invest through an intermediary); employees, contingent workers, officers, agents (together “Representatives”); and beneficial owners of an organization or entity in connection with:

• the provision of services to potential and actual clients;
• transactions to which we are party (including those which we effect on behalf of clients); or
• services provided to us by a third-party vendor.

This Privacy Notice sets out the purposes for which we collect, use and disclose (collectively “processing”) PI and how it is protected. It also sets outs individuals’ rights in relation to the processing of their PI.

There may be additional terms, conditions and commitments that also govern how we collect, use and disclose your PI, which should be read in conjunction with this Privacy Notice.

Please click on the links below for further details:

• PI we collect about you
• Purpose and legal basis for processing your PI
• To whom we disclose your PI
• International transfers and transfers to service providers
• Marketing and exercising your right to opt-out of marketing
• Third party marketing/sale of PI
• PI retention
• PI security
• Your rights
• Contacting us
• Complaints
• Cookie Notice
• Linked websites
• Changes to this Privacy Notice

PI we collect about you

PI is information relating to an individual, which can be used either alone or with other sources of information to identify that individual. PI does not include information where the identity of the individual or the specific detail of the information has been removed and is therefore anonymous. SPI is a sub-category of PI that includes PI relating to race or ethnicity, religious or philosophical beliefs, sex life, sexual orientation, political opinions, trade union membership, information about health and genetic and biometric data.

The nature of the information that we collect will depend on the services we provide and our relationship with you. We categorize PI we process as follows (the PI listed for each category are non-exhaustive examples):

• Identification data
  Full name, title, gender, marital status, date of birth, passport number, driving licence number, national identification number, signature
• Contact data
  Personal address, telephone number, email address
• Electronic Monitoring data
  To the extent permitted by law, we may record and monitor your electronic communications with us
• Financial data
  Bank account number; credit card number
• Marketing and Communications data
  Marketing and communication preferences; tracking data relating to whether you have read marketing communications from us
• Professional Information data
  Position/job title, work address; telephone number; email address
• Profile data
  Username and password for our online services that you have access to; investments made by you; services requested; marketing communications responded to; survey responses
• Services data
  Payment details to and from you; details of services you have provided to us or we have provided to you
• BlackRock Building and Assets Security data
  Records of visits to our premises; CCTV recordings
• Technical data
  Your use of and interaction with our online services; your IP address; browser type and version; browser plug in types and versions; operating system
• SPI
  In limited circumstances, and where allowed by law, we may collect information about criminal convictions and offences, when legally required; dietary requirements if we are arranging catering; disability so that we can make reasonable accommodations for you in our buildings; sexual orientation if you provide details of your spouse or partner; political affiliations for us to determine whether you are a politically exposed person.

We collect PI in relation to you in a number of ways, including:

• when you provide it to us in connection with a BlackRock product or service, such as a completed investment application form
• if you are Representative of an organization or entity that is a client or vendor of BlackRock and that organization or entity provides us with your PI
• throughout the course of our relationship with you, including where you change your details, provide additional PI, or where the services we are providing to you change
• from public sources where you have manifestly chosen to make your PI public, including via public profiles on social media
• from third parties such as credit reference agencies
• from visits to our websites or through logging into any of our online services

We may also create or derive PI such as creating records of your interactions with us, subject to applicable law.

Unless we otherwise indicate that the provision of specific PI is optional, any PI we request is necessary for us to provide you or your organization or entity with the products and services requested. If you do not provide the PI requested, we may not be able to provide those products and services.

Purpose and legal basis for processing your PI

The below table sets out the purposes and basis for which we process PI.

In relation to vendor services:

To whom we disclose your PI

In connection with one or more of the purposes outlined in the section ‘Purpose and Legal basis for processing your PI’ above, we may disclose PI in any jurisdiction to:

• other members of the BlackRock Group;
• professional advisors, third parties, agents or independent contractors that provide services to any member of the BlackRock Group (such as IT systems providers, platform providers, financial advisors, brokers, consultants (including lawyers and accountants);
• goods and services providers (such as providers of marketing services where we are permitted to disclose your personal information to them); intermediaries, brokers, and other individuals and entities that partner with us;
• competent authorities (including any national and/or international regulatory or enforcement body, agency, court or other form of tribunal or tax authority) or their agents where BlackRock is required or allowed to do so under applicable law or regulation;
• a potential buyer, transferee, merger partner or seller and their advisers in connection with an actual or potential transfer or merger of part or all of BlackRock’s business or assets, or any associated rights or interests, or to acquire a business or enter into a merger with it;
• credit reference agencies or other organizations that help us to conduct anti-money laundering and anti-terrorist financing checks and to detect fraud and other potential criminal activity; or
• any person to whom disclosure is allowed or required by local or foreign law, regulation or any other applicable instrument.

International transfers and transfers to service providers

To provide global services and in the course of running our business, we may transfer PI to a location outside of the country where you reside or where services are provided to you or the organization or entity you work for, including BlackRock processing centers in the USA, Hungary, India and Singapore. Although the country to which PI may be transferred may not have the same level of privacy and data protection laws, we apply the same level of security and organizational controls to the processing of PI wherever it is processed. We require by contract that our third party service providers processing PI on our behalf to comply with BlackRock’s criteria for PI processing.

If we transfer PI out of the EEA, we ensure a similar level of protection for your PI by ensuring the country to which the PI is transferred is considered by the EU Commission to provide an adequate level of protection, putting in place contractual clauses the EU Commission consider to provide the same level of protection. For third party service providers in the US, we may rely on the EU-US Privacy Shield certification. 

Marketing and exercising your right to opt-out of marketing

We will not process your PI for marketing purposes if you have informed us you do not wish to receive marketing materials. You can request that we stop processing your PI for marketing purposes at any time by clicking on marketing opt-out links in any electronic marketing materials we send you, by making a request to your usual BlackRock contact or by using the contact details set out in the “Contacting Us” section of this Privacy Notice.

Third-party marketing/sale of PI

We do not share or sell your PI to third parties for the third party to use for their own marketing or other purposes.

PI retention

We will process your PI for as long as is necessary to fulfil the purpose for which it was collected or to comply with legal, regulatory, accounting, reporting, internal policy requirements or for the establishment or defense of legal claims.

PI security

We use a range of physical, electronic and managerial measures to ensure a level of security appropriate to the risk of PI processing. These measures include:

• education and training of relevant staff to ensure they are aware of our privacy obligations when processing PI as well as training around social engineering, phishing, spear phishing, and password risks;
• the ability to ensure the ongoing confidentiality, integrity, availability and resilience of processing systems and services;
• the ability to restore the availability and access to PI in a timely manner in the event of a physical or technical incident;
• administrative and technical controls to restrict access to PI;
• technological security measures, including fire walls, encryption (industry standard SSL encryption with 128-bit key lengths), and anti-virus software;
• physical security measures, such building access controls;
• external technical assessments, security audits and vendor due diligence;
• perimeter security;
• segregation of networks;
• application security;
• endpoint security;
• real-time monitoring of data leakage controls;
• layered and comprehensive cybersecurity defences; and
• security incident reporting and management.

The security of data transmitted over the internet (including by e-mail) cannot be guaranteed and carries the risk of access and interception. You should not send us any PI by open/unsecure channels over the internet. We endeavour to protect personal information but cannot guarantee the security of data transmitted to us or by us.

Your rights

In certain circumstances you may have the following rights in relation to the processing of your PI:

• Access
  To request a copy of the PI we process in relation to you and to be informed about how we use and share your PI.
• Object
  To object to the processing of your PI if (i) we are processing your PI on the grounds of legitimate interests or for the performance of a task in the public interest (including profiling); or (ii) if we are processing your PI for direct marketing purposes
• Correction
  To request that we update the PI we process in relation to you, or to correct PI that you think is incorrect or incomplete.
• Erasure
  To ask that we delete PI that we process in relation to you where we do not have a legal or regulatory obligation or other valid reason to continue to process it.
• Restriction
  To request that we restrict the way in which we process your PI, for example, if you dispute the accuracy of your PI or have raised an objection which is under consideration.
• Portability
  To request a copy of your PI that you have provided to us in a commonly used electronic format such as through the completion of an application form.
• Automated decision making
  To request manual intervention if you are subject to automated decisions where the decision results in a legal or similar effect to you.

You may exercise your rights at any time by using the details set out in the Contacting us section. To the extent permitted by applicable law or regulation we reserve the right to charge an appropriate fee in connection with you exercising your rights.

We may need to request specific information from you to help us confirm your identity and ensure your right to access to the PI requested, or to exercise any of your other rights. This is to ensure that PI is not disclosed to any person who does not have authority to receive it. We may also request further information in relation to your request to help us to locate the PI processed in relation to you, including, for example, the nature and location of your relationship with us.

We aim to respond to all legitimate requests within one calendar month. If we think it may take us longer than one calendar month, (such as where your request is particularly complex or you have made a number of requests), we will notify you and keep you updated.

You will not be disadvantaged in any way by exercising your rights in relation to the processing of your PI.

Contacting us

The Global Head of Privacy and Data Protection oversees compliance with privacy and data protection at BlackRock. If you wish to exercise any of your rights, or have questions concerning this notice, please contact:

The Global Head of Privacy and Data Protection

BlackRock
12 Throgmorton Avenue
London
EC2N 2DL
Email: GroupPrivacy@BlackRock.com

If you are a California resident, you may also call us on +1 855 371 0019.

Complaints

If you have any concerns or complaints about the way your PI is processed, please contact the Global Head of Privacy and Data Protection at GroupPrivacy@BlackRock.com. You also have a right to complain to a data protection or other competent authority with jurisdiction over privacy and data protection law in the country you live or work, or in the country where you believe an issue in relation to the processing of your PI has arisen. Please contact GroupPrivacy@BlackRock.com for further details. 

Cookie Notice

Please see our separate Cookie Notice.

Linked websites

This Privacy Notice is not applicable to third party websites that we do not own or control, or to any third-party website where BlackRock advertisements are displayed.

Changes to this Privacy Notice

We may modify or amend this Privacy Notice from time to time and you are advised to visit our website regularly to check for any amendments. Any material changes will be communicated to you through an appropriate channel, depending on how we normally communicate with you.

BlackRock Cookie Notice

Last revised: 11 May 2018

What are cookies?

Cookies are small text files that are stored in your computer’s memory and hard drive, in your mobile device or tablet when you visit certain web pages. They are used to enable websites to function or to provide information to the owners of a website, or other third parties which receive data obtained from that website.

When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. This information might be about you, your preferences or your device and is mostly used to make the site work as you expect it to. The information does not usually directly identify you, but it can give you a more personalized web experience.

Why do we use cookies?

Cookies help us to provide customized services and information. We use cookies on our Website to tell us, in general terms, how and when pages on our Website are visited, what our users’ technology preferences are – such as what type of video player they use – and whether our Website is functioning properly. Depending on their purpose, some cookies will only operate for the length of a single browsing session, whilst others have a longer life span to ensure that they fulfil their longer-term purposes (as explained in more detail below). Please note that, however long the cookies’ active life may be, you can delete cookies (and therefore stop any further data collection by them) as further described below.

If you are using one of our password-protected sites, then the Website may use cookies or other technology to help us authenticate you, store and recognize your configuration and user attributes, facilitate your navigation of the website and customize its content so that the information made available is likely to be of more interest to you.

In broad terms, we use cookies on our Website for the following purposes:

• Analytical purposes
  Analytical cookies allow us to recognize, measure and track visitors to our Website and compile a record of this usage information. This helps us to improve and develop the way our Website works, for example, by determining whether site visitors can find information easily, or by identifying the aspects of websites that are of the most interest to them.
• Usage preferences
  Some of the cookies on our Website are activated when visitors to our sites make a choice about their usage of the site. Our Website then ‘remembers’ the settings preferences of the user concerned. This allows us to tailor aspects of our sites to the individual user.
• Terms and conditions
  We use cookies on our Website in order to record when a site visitor has seen a policy, such as this one, or provided consent, such as consent to the terms and conditions on our Website. This helps to improve the user’s experience of the site – for example, it aids in avoiding a situation where a user is asked repeatedly to consent to the same terms. We also track whether a user has seen other similar documents (such as an online survey) before – again, to ensure that a user’s experience of our Website is a smooth one.
• Session management
  The software that runs our Website uses cookies for technical purposes needed by the internal workings of our servers. For instance, we use cookies to distribute requests among multiple servers, to authenticate users, and to determine what features of the site they can access, verify the origin of requests, keep track of information about a user’s session and determine which options or pages to display in order for the site to function.
• Functional purposes
  Functional purpose cookies store information that is needed by our applications to process and operate. For example, where transactions or requests within an application involve multiple workflow stages, cookies are used to store the information from each stage temporarily, in order to facilitate completion of the overall transaction or request.
• Advertising
  Advertising cookies allow us (or third parties) to monitor the behaviour of users of our Website. This information is used to ensure that products and services highlighted to those individuals are targeted in a focused and relevant manner – e.g. through advertisements on BlackRock websites or through advertisements on third party websites (e.g., Bloomberg, Agefi.com, Handlesblatt.de, etc) which are based on your experience with our Website; or to monitor the effectiveness of those digital marketing campaigns. We also monitor whether the adverts displayed on our Website are of interest to users and retain this information to ensure that adverts seen by users of our Website over a period of time are appropriate.

Please note that third parties may use cookies. The kind of cookies and the consequent data processing carried out by such third parties are regulated by their privacy policies. Please see below for more information about third party cookies.

Your cookie preferences

Cookies are necessary in order for you to be able to make full use of BlackRock’s Website. In addition, cookies help us provide you with personalized features on our Website. If you chose to disable cookies, some of BlackRock’s Website’s functionality might be impaired.

Local Flash Storage

On certain pages of our Website, we include content designed for display using Adobe Flash Player, such as animations, videos and tools. Local flash storage (often referred to as “Flash cookies”) can be used to help improve your experience as a user. Flash storage is retained on your device in much the same way as standard cookies but is managed directly by your Flash software.

If you wish to disable or delete information stored locally in Flash, please see the documentation for your Flash software, located at www.adobe.com. Please note that, if you disable Flash cookies, some site functionality may not work.

Third party cookies

When you visit our Website, you may receive cookies that are set by third parties. These may include cookies set by Google, Bizo, LinkedIn, AppNexus, Xaxis, MediaMind and/or Rocketfuel. These cookies are used for the purposes described in the “Why Do We Use Cookies?” section of this policy. We do not control the setting of these third-party cookies, so we suggest you might wish to check the third party websites for more information about their use of cookies and how to manage them.

Amending cookie preferences

If you wish to remove cookies set by our Website from your browser in the future, you may delete them. The instructions for removing cookies from your computer or mobile device depend on the operating system and web browser you use. Please note, however, that withdrawing your agreement to the use of cookies on our sites will impair the functionality of the sites.

 The site www.allaboutcookies.org includes instructions for managing cookies on many commonly used browses, or you may consult the vendor documentation for your specific software.

Further information about cookies

If you would like to find out more about cookies in general and how to manage them, please visit www.allaboutcookies.org.

¹ Please note not all privacy laws define SPI, for example Hong Kong, Singapore and Canada