Global listed infrastructure

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This website is communicated in the United Kingdom by Macquarie Investment Management Europe Limited (MIMEL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MIMEL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MIMEL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

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This website is communicated in Germany by Macquarie Investment Management Europe Limited (MIMEL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MIMEL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MIMEL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Liechtenstein by Macquarie Investment Management Europe Limited (MIMEL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MIMEL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MIMEL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Ireland by Macquarie Investment Management Europe Limited (MIMEL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MIMEL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MIMEL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Austria by Macquarie Investment Management Europe Limited (MIMEL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MIMEL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MIMEL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Switzerland by Macquarie Bank Limited Zurich Representative Office, Beethovenstrasse 9, 8002 Zurich, SWITZERLAND. This website in Switzerland is directed at qualified investors (the "Qualified Investors"), as defined in the Swiss Collective Investment Schemes Act of 23 June 2006, as amended ("CISA") and its implementing ordinance. By agreeing to continue, you confirm that you are eligible to view this website in Switzerland.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Sweden by Macquarie Investment Management Europe Limited (MIMEL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MIMEL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MIMEL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Luxembourg by Macquarie Investment Management Europe Limited (MIMEL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MIMEL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MIMEL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Norway by Macquarie Investment Management Europe Limited (MIMEL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MIMEL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MIMEL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Finland by Macquarie Investment Management Europe Limited (MIMEL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MIMEL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MIMEL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website and/or distribution of many of the products or services described herein are not directed to any jurisdiction to any person to whom it is unlawful to make such an offer, sale and/or distribution, including the United States

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Netherlands by Macquarie Investment Management Europe Limited (MIMEL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MIMEL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MIMEL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Italy by Macquarie Investment Management Europe Limited (MIMEL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MIMEL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MIMEL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in France by Macquarie Investment Management Europe Limited (MIMEL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MIMEL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MIMEL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This site is available to professional investors only. Please visit Macquarie.com to learn more about Macquarie’s other products.

Infrastructure can be a compelling long-term investment, offering the potential for stable inflation-linked income and capital growth. However, in some cases direct investment is not appropriate.

The team believes that investing in the listed securities of infrastructure operators worldwide can offer the benefits of infrastructure with lower cost, greater liquidity and diversification.

The global listed infrastructure strategy is available via segregated account or UCITS compliant pooled fund.


The global listed infrastructure strategy is also available via the CF Macquarie Global Infrastructure Securities UK OEIC.

Macquarie Global Infrastructure Securities Fund (UK OEIC)

The global listed infrastructure strategy is available via a UCITS compliant pooled fund.

  • As a class, equities carry higher risks than bonds or money market instruments.
  • The Sub-Fund focuses on a single sector (global infrastructure investments).

The value of an investment in the Sub-Fund can go up and down. When you sell your shares, they may be worth less than you paid for them. If your currency as an investor is different from the reference currency of the Sub-Fund, changes in currency exchange rates could reduce any investment gains or increase any investment losses.

The Sub-Fund is subject to the following risks:

  • The market for investments in emerging market countries may be less developed and it may be difficult for the Sub-Fund to sell its investments in such markets. Investing in emerging markets can be riskier than investing in established markets due to increased volatility and lower trading volume.
  • Preferred stock and hybrid securities and the risks associated with both, including distribution deferrals, liquidity, voting rights and redemption by the issuer could impact the Sub-Fund.
  • Certain derivatives could increase the Sub-Fund’s volatility or expose the Sub-Fund to losses greater than the cost of the derivatives.
  • Certain securities could become hard to value, or to sell at a desired time and price.

For full details of the Sub-Fund’s risks, please refer to the prospectus available as mentioned in section “Practical Information”.

These documents are available via the following link: http://www.macquarie.com/mgl/com/mim-emea/en/sicav

Please choose your region below

This site is for professional investors only. Please confirm you are a professional investor by selecting your country below.

Austria
Finland
France
Germany
Ireland
Italy
Liechtenstein
Luxembourg
Netherlands
Norway
Sweden
Switzerland
United Kingdom
Other

This website is communicated in the United Kingdom by Macquarie Bank International Limited (MBIL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MBIL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MBIL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Germany by Macquarie Bank International Limited (MBIL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MBIL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MBIL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Liechtenstein by Macquarie Bank International Limited (MBIL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MBIL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MBIL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Ireland by Macquarie Bank International Limited (MBIL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MBIL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MBIL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Austria by Macquarie Bank International Limited (MBIL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MBIL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MBIL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Switzerland by Macquarie Bank Limited Zurich Representative Office, Beethovenstrasse 9, 8002 Zurich, SWITZERLAND. This website in Switzerland is directed at qualified investors (the "Qualified Investors"), as defined in the Swiss Collective Investment Schemes Act of 23 June 2006, as amended ("CISA") and its implementing ordinance. By agreeing to continue, you confirm that you are eligible to view this website in Switzerland.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Sweden by Macquarie Bank International Limited (MBIL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MBIL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MBIL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Luxembourg by Macquarie Bank International Limited (MBIL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MBIL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MBIL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Norway by Macquarie Bank International Limited (MBIL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MBIL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MBIL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Finland by Macquarie Bank International Limited (MBIL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MBIL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MBIL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website and/or distribution of many of the products or services described herein are not directed to any jurisdiction to any person to whom it is unlawful to make such an offer, sale and/or distribution, including the United States

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Netherlands by Macquarie Bank International Limited (MBIL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MBIL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MBIL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Italy by Macquarie Investment Management Europe Limited (MIMEL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MIMEL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MIMEL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in France by Macquarie Bank International Limited (MBIL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MBIL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MBIL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This site is available to professional investors only. Please visit Macquarie.com to learn more about Macquarie’s other products.

Please choose your region below

This site is for professional investors only. Please confirm you are a professional investor by selecting your country below.

Austria
Finland
France
Germany
Ireland
Italy
Liechtenstein
Luxembourg
Netherlands
Norway
Sweden
Switzerland
United Kingdom
Other

This website is communicated in the United Kingdom by Macquarie Bank International Limited (MBIL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MBIL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MBIL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Germany by Macquarie Bank International Limited (MBIL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MBIL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MBIL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Liechtenstein by Macquarie Bank International Limited (MBIL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MBIL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MBIL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Ireland by Macquarie Bank International Limited (MBIL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MBIL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MBIL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Austria by Macquarie Bank International Limited (MBIL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MBIL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MBIL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Switzerland by Macquarie Bank Limited Zurich Representative Office, Beethovenstrasse 9, 8002 Zurich, SWITZERLAND. This website in Switzerland is directed at qualified investors (the "Qualified Investors"), as defined in the Swiss Collective Investment Schemes Act of 23 June 2006, as amended ("CISA") and its implementing ordinance. By agreeing to continue, you confirm that you are eligible to view this website in Switzerland.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Sweden by Macquarie Bank International Limited (MBIL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MBIL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MBIL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Luxembourg by Macquarie Bank International Limited (MBIL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MBIL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MBIL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Norway by Macquarie Bank International Limited (MBIL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MBIL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MBIL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Finland by Macquarie Bank International Limited (MBIL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MBIL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MBIL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website and/or distribution of many of the products or services described herein are not directed to any jurisdiction to any person to whom it is unlawful to make such an offer, sale and/or distribution, including the United States

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Netherlands by Macquarie Bank International Limited (MBIL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MBIL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MBIL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Italy by Macquarie Investment Management Europe Limited (MIMEL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MIMEL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MIMEL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in France by Macquarie Bank International Limited (MBIL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MBIL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MBIL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This site is available to professional investors only. Please visit Macquarie.com to learn more about Macquarie’s other products.

Please choose your region below

This site is for professional investors only. Please confirm you are a professional investor by selecting your country below.

Austria
Finland
France
Germany
Ireland
Italy
Liechtenstein
Luxembourg
Netherlands
Norway
Sweden
Switzerland
United Kingdom
Other

This website is communicated in the United Kingdom by Macquarie Bank International Limited (MBIL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MBIL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MBIL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Germany by Macquarie Bank International Limited (MBIL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MBIL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MBIL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Liechtenstein by Macquarie Bank International Limited (MBIL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MBIL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MBIL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Ireland by Macquarie Bank International Limited (MBIL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MBIL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MBIL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Austria by Macquarie Bank International Limited (MBIL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MBIL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MBIL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Switzerland by Macquarie Bank Limited Zurich Representative Office, Beethovenstrasse 9, 8002 Zurich, SWITZERLAND. This website in Switzerland is directed at qualified investors (the "Qualified Investors"), as defined in the Swiss Collective Investment Schemes Act of 23 June 2006, as amended ("CISA") and its implementing ordinance. By agreeing to continue, you confirm that you are eligible to view this website in Switzerland.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Sweden by Macquarie Bank International Limited (MBIL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MBIL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MBIL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Luxembourg by Macquarie Bank International Limited (MBIL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MBIL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MBIL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Norway by Macquarie Bank International Limited (MBIL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MBIL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MBIL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Finland by Macquarie Bank International Limited (MBIL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MBIL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MBIL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website and/or distribution of many of the products or services described herein are not directed to any jurisdiction to any person to whom it is unlawful to make such an offer, sale and/or distribution, including the United States

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Netherlands by Macquarie Bank International Limited (MBIL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MBIL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MBIL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in Italy by Macquarie Investment Management Europe Limited (MIMEL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MIMEL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MIMEL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This website is communicated in France by Macquarie Bank International Limited (MBIL) to persons classified as either an Eligible Counterparty or a Professional Client as defined by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, By agreeing to continue, you confirm that you qualify as an Eligible Counterparty or a Professional Client. MBIL is incorporated and registered in England and Wales (Company No. 06309906, Firm Reference No. 471080). The registered office for MBIL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.

This website is for informational purposes only. The content of this website, including all opinions and downloadable documents, is not intended to and should not be construed as an offer, invitation or general solicitation to buy or sell any investments or securities, provide investment advisory services or engage in any other transaction. It must not be relied upon in connection with any investment decision, and should not be construed as investment, tax, legal or other advice.

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Accordingly, persons are required to inform themselves of and observe any such restrictions. Nothing in this website should be construed as investment, tax, legal or other advice.

This site is available to professional investors only. Please visit Macquarie.com to learn more about Macquarie’s other products.