Aperture European Innovation

Marketing communication relating to Aperture Investors SICAV (the “Fund”) and its compartment European Innovation Fund (the “Sub-Fund”). Only for professional investors in AT,DE, ES, FR, GB,  IT, LU, SG. It is not addressed to retail investors or to any US Person. The Fund is an open-ended investment company with variable share capital (SICAV) under Luxembourg Law, qualifying as an undertaking for collective investment in transferable securities (UCITS). Generali Investments Luxembourg S.A., a public limited liability company (société anonyme) under Luxembourg Law, the Management Company. It is authorised in Luxembourg and regulated by the Commission de Surveillance du Secteur Financier (CSSF). This communication is issued by the Management Company.  Before making any investment decision you should read the KIID, Prospectus, annual and semi-annual reports. These are available in English free of charge from Generali Investments Luxembourg S.A., 4 Rue Jean Monnet, L-2180 Luxembourg, Grand Duchy of Luxembourg or at the following e-mail address:GILfundInfo@generali-invest.com. France: Centralising agent : BNP Paribas, 3 Rue d’ Antin, 75002 Paris. Italy: Allfunds Bank S.A.U. Spain: CNMV Number: 1797. United Kingdom: This communication is a financial promotion and has been approved for the purposes of Section 21 of the Financial Services and Markets Act 2000, for professional Clients in the United Kingdom. The Sub-Fund is a Recognised scheme in the United Kingdom under the Financial Services and Markets Act 2000. This publication may not be reproduced (in whole or in part), transmitted, modified, or used for any public or commercial purpose without the prior written permission of Aperture. Any opinions or forecasts provided, they are as of the dates indicated, subject to change without notice, may not be accurate and do not represent a recommendation or offer of any investment. Data contained herein should not be relied upon as the basis for any investment decision.  For further information on potential risks related to an investment in the Fund, please refer to the prospectus. The value of an investment and any income from it can go down as well as up and investors may not get back the original amount invested. The fact of such registration or approval, however, does not mean that any regulator has determined the suitability of the product(s) for all investors. Investors should carefully consider the terms of the investment and seek professional legal, financial or tax advice where necessary before taking any decision to invest in any fund(s). Past performance of the Fund is no guarantee for future performance. Any performance presented herein is for illustrative purposes only.  Singapore: The Sub-Fund is not authorised or recognised by the Monetary Authority of Singapore (“MAS”) and the shares are not allowed to be offered to the retail public in Singapore. The Sub-Fund is a restricted scheme under the Sixth Schedule to the Securities and Futures (Offers of Investments) (Collective Investment Schemes) Regulationsof Singapore.This document can be transmitted only (i) to“institutional investors” pursuant to Section 304 of the Securities and Futures Act, Chapter 289 of Singapore (the “Act”), (ii) to “relevant persons” pursuant to Section 305(1) of the Act, (iii) to persons who meet the requirements of an offer made pursuant to Section 305(2) of the Act, or (iv) pursuant to, and in accordance with the conditions of, other applicable exemption provisions of the Act. MSCI: The information obtained from MSCI included in this marketing document may only be used for your internal use, may not be reproduced or re-disseminated in any form and may not be used to create any financial instruments or products or any indices. The MSCI information and that of other data providers is provided on an ‘as is’ basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling or creating any MSCI information (collectively, the “MSCI Parties”) and other data providers, expressly disclaim all warranties (including, without limitation any warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party or other data provider have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages.