1. Acceptance of Terms
By accessing and using the Venoble website (venoble.com) and any associated services, content, data, software, or publications (collectively, the “Services”), you agree to be bound by these Terms of Use (“Terms”). If you do not agree to these Terms, you must discontinue use immediately.
These Terms constitute a legally binding agreement between you and Venoble Limited (“Venoble,” “the Company,” “we,” “us,” or “our”). Certain Services may be subject to additional terms, including index data licensing agreements, advisory engagement agreements, and capital management platform terms. In the event of a conflict between these Terms and any additional terms applicable to a specific Service, the additional terms shall prevail with respect to that Service.
2. About Venoble
Venoble Limited is a research, benchmark, and advisory firm incorporated in Canada with a registered office at 1 West Avenue S, Hamilton, Ontario, L8N 1C3, Canada, and a Nigerian office at 1 Akin Adesola St., Victoria Island, Lagos, Nigeria.
Venoble is not a registered broker-dealer, investment adviser, transfer agent, or custodian in any jurisdiction. Capital management services, where offered, are facilitated through regulated third-party brokerage and custodial partners. Venoble does not hold, control, or have discretionary authority over client funds or securities.
3. Website Content
All content on this website — including but not limited to text, data, index levels, charts, research publications, methodologies, analytical tools, graphics, logos, and software — is provided on an“AS IS” and “AS AVAILABLE” basis.
While we endeavour to ensure that information on this website is accurate and current, Venoble makes no representations or warranties, express or implied, regarding the accuracy, completeness, reliability, timeliness, or suitability of any content for any particular purpose. Information may contain errors, omissions, or become outdated without notice.
Index levels and related data may be subject to revision as described in the applicable methodology document. We reserve the right to correct errors in published data and to modify or discontinue any content or Service at any time without notice.
4. Index Data & Intellectual Property
All content on this website, including but not limited to research publications, index methodologies, index data, index names and identifiers, analytical tools, trademarks, logos, software, and the selection and arrangement thereof, is the proprietary intellectual property of Venoble Limited or its licensors and is protected by applicable copyright, trademark, database rights, and intellectual property laws.
It is not possible to invest directly in an index. Index levels are published for reference and measurement purposes only. Exposure to an asset class or strategy represented by an index is only available through third-party investable instruments, if any exist. The publication of an index does not constitute a recommendation to buy, sell, or hold any security or financial instrument.
Index returns, as published, do not reflect the payment of any transaction costs, management fees, or other charges that would be incurred by an investor. The imposition of such costs would cause actual investment performance to differ from the published index returns.
5. Permitted Use
- You may access, view, and download content from this website for personal, non-commercial, informational purposes only.
- Brief quotations from research publications are permitted with proper attribution to Venoble Limited, provided the quotation does not misrepresent the context or conclusions of the original work.
- You may share links to pages on this website, provided you do not frame, embed, or present our content in a manner that suggests endorsement by, or affiliation with, Venoble.
6. Restrictions on Use
Without prior written authorisation from Venoble, you may not:
- Redistribute, reproduce, republish, or commercially exploit any Venoble content, index data, or research publications in any form or medium.
- Create financial products — including but not limited to exchange-traded funds, mutual funds, structured products, certificates, or derivatives — that are linked to, based on, or track any Venoble index, without a separate index licensing agreement.
- Create derivative indices, ratings, scores, or data products based on Venoble index data, methodologies, or research.
- Use Venoble content for training, developing, or improving artificial intelligence, machine learning, or large language models (AI/ML/LLM), whether commercial or non-commercial, without a separate written agreement.
- Systematically extract data from this website through automated means, including scraping, crawling, harvesting, or the use of bots, spiders, or similar technologies.
- Use Venoble index names, identifiers, or trademarks in the marketing, promotion, or distribution of any financial product or service without express written authorisation.
- Provide third-party access to, or resell, Venoble content, data, or research to any person or entity.
- Remove, alter, or obscure any copyright notice, trademark, attribution, or disclaimer contained in Venoble content.
7. Not Investment Advice
Nothing on this website constitutes investment advice, tax advice, legal advice, or any other professional advice. The content of this website — including research publications, index data, market commentary, and analytical tools — is provided for informational and educational purposes only.
Your use of this website does not create a client, advisory, fiduciary, or professional relationship between you and Venoble Limited. Access to published research or index data does not constitute the provision of investment advice, a recommendation, or a solicitation to buy, sell, or hold any security or financial instrument.
Any investment decisions should be made in consultation with a qualified professional adviser who is licensed in your jurisdiction and understands your specific financial circumstances, risk tolerance, and investment objectives.
8. Forward-Looking Statements
Certain content on this website, including research publications and market outlooks, may contain forward-looking statements. These statements relate to future events or future performance and are based on current expectations, assumptions, and projections that are subject to risks and uncertainties.
Forward-looking statements are identified by words such as “may,” “will,” “expect,” “anticipate,” “believe,” “estimate,” “project,” “intend,” “forecast,” “outlook,” or similar expressions. Actual results may differ materially from those expressed or implied in any forward-looking statement.
Venoble undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances occurring after the date of publication. Forward-looking statements should not be relied upon as a prediction or guarantee of future results.
9. Back-Tested & Hypothetical Data
Certain index data presented on this website may include back-tested or hypothetical performance data. Back-tested performance is not actual performance but is hypothetical. It was calculated retroactively using the same methodology that is applied on a going-forward basis. Back-tested data is clearly identified as such in all publications and data exports.
There are frequently material differences between back-tested performance results and actual results subsequently achieved by any index or investment strategy. Back-tested data has inherent limitations, including:
- It is designed with the benefit of hindsight.
- It does not reflect the impact of market conditions during the period that would have affected calculation decisions.
- It cannot account for all factors associated with risk, including the impact of financial risk in actual trading.
No representation is being made that any investment will or is likely to achieve profits or losses similar to those shown in back-tested data. Investors should not rely on back-tested data as indicative of future returns.
10. Third-Party Content & Links
This website may contain links to third-party websites, data from third-party sources, or references to third-party products and services. These are provided for convenience and informational purposes only.
Venoble does not endorse, control, or assume responsibility for the content, accuracy, privacy policies, or practices of any third-party website or service. The inclusion of a link or reference does not imply endorsement or affiliation.
Where our index data or research relies on third-party data sources (including official government statistics and central bank data), Venoble does not guarantee the accuracy, completeness, or continued availability of such third-party data.
11. Disclaimer of Warranties
TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, VENOBLE LIMITED, ITS DIRECTORS, OFFICERS, EMPLOYEES, AGENTS, LICENSORS, AND DATA SUPPLIERS DISCLAIM ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, ACCURACY, COMPLETENESS, TIMELINESS, NON-INFRINGEMENT, TITLE, AND FREEDOM FROM COMPUTER VIRUSES OR OTHER HARMFUL COMPONENTS.
THE SERVICES, INCLUDING ALL CONTENT, INDEX DATA, RESEARCH PUBLICATIONS, AND SOFTWARE, ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS. VENOBLE DOES NOT WARRANT THAT THE SERVICES WILL BE UNINTERRUPTED, ERROR-FREE, SECURE, OR FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS.
VENOBLE DOES NOT WARRANT THE ACCURACY, COMPLETENESS, OR RELIABILITY OF ANY INDEX LEVEL, DATA POINT, OR ANALYTICAL OUTPUT. INDEX LEVELS MAY BE SUBJECT TO REVISION. USERS SHOULD CONDUCT THEIR OWN INDEPENDENT VERIFICATION OF ANY DATA BEFORE RELYING ON IT FOR ANY PURPOSE.
12. Limitation of Liability
TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL VENOBLE LIMITED, ITS DIRECTORS, OFFICERS, EMPLOYEES, AGENTS, LICENSORS, OR DATA SUPPLIERS BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, EXEMPLARY, OR PUNITIVE DAMAGES ARISING FROM OR RELATED TO:
- YOUR USE OF, OR INABILITY TO USE, THIS WEBSITE OR ANY SERVICE;
- ANY CONTENT, INDEX DATA, OR RESEARCH PUBLISHED HEREIN;
- ANY INVESTMENT DECISIONS, ASSET ALLOCATIONS, OR FINANCIAL ACTIONS TAKEN IN RELIANCE ON ANY CONTENT;
- ANY ERRORS, OMISSIONS, OR INACCURACIES IN INDEX DATA OR PUBLICATIONS;
- ANY INTERRUPTION, DELAY, OR DISCONTINUATION OF THE SERVICES;
- ANY UNAUTHORISED ACCESS TO OR ALTERATION OF YOUR DATA;
REGARDLESS OF THE THEORY OF LIABILITY (CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY, OR OTHERWISE), EVEN IF VENOBLE HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
In jurisdictions that do not allow the exclusion or limitation of certain damages, Venoble’s liability shall be limited to the fullest extent permitted by applicable law.
13. Indemnification
You agree to indemnify, defend, and hold harmless Venoble Limited, its directors, officers, employees, agents, and affiliates from and against any and all claims, liabilities, damages, losses, costs, and expenses (including reasonable legal fees and disbursements) arising from or related to:
- Your use of this website or any Service.
- Your violation of these Terms.
- Your violation of any applicable law or regulation.
- Any investment decisions, asset allocations, advice, recommendations, or financial actions based on content obtained from this website.
- Any unauthorised redistribution of Venoble content or data.
- Any claim by a third party arising from your use of our content or data.
14. Data Licensing
Commercial use of Venoble index data, index names, methodologies, or research publications requires a separate written licensing agreement. This includes, without limitation:
- Use of index data as a benchmark for financial products.
- Inclusion of index data in commercial databases, terminals, or data feeds.
- Use of index names or identifiers in marketing materials for financial products.
- Redistribution of index data or research to third parties.
- Use of Venoble data in connection with artificial intelligence, machine learning, or large language model applications.
For licensing enquiries, contact compliance@venoble.com.
15. Governing Law & Jurisdiction
These Terms are governed by and construed in accordance with the laws of the Province of Ontario and the federal laws of Canada applicable therein, without regard to conflict-of-law principles.
Any dispute, claim, or controversy arising out of or relating to these Terms or your use of the Services shall be subject to the exclusive jurisdiction of the courts of Ontario, Canada, and you irrevocably submit to the personal jurisdiction of such courts.
Notwithstanding the foregoing, Venoble reserves the right to seek injunctive or equitable relief in any jurisdiction where infringement, misappropriation, or breach may occur, in order to protect its intellectual property rights and confidential information.
Nothing in these Terms shall limit the application of mandatory consumer protection or data protection laws that cannot be excluded by agreement under the laws of your jurisdiction of residence.
16. Severability
If any provision of these Terms is held to be invalid, illegal, or unenforceable by a court of competent jurisdiction, the remaining provisions shall continue in full force and effect. The invalid provision shall be modified to the minimum extent necessary to make it valid and enforceable while preserving its original intent.
17. Modifications
Venoble reserves the right to modify these Terms at any time. Changes are effective upon posting to this page with an updated “Last updated” date. We will make reasonable efforts to notify users of material changes through a prominent notice on our website.
Your continued use of the website and Services following any modification constitutes acceptance of the revised Terms. If you do not agree with modified Terms, you must discontinue use of the website and Services.
18. Contact
For questions about these Terms, contact:
