Delivering Global Private Banking Excellence in Asia

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We remind investors that equity investments are subject to market risk and will fluctuate in value. Any investments discussed in this material may be unsuitable for investors depending upon their specific investment objectives and financial positions. Where an investment is denominated in a currency other than the investor’s base currency, changes in rates of exchange may have an adverse effect on the value, price of, or income derived from the investment. Past performance is not indicative of future returns. No representation or warranty is made that any returns indicated will be achieved. To the extent that there are details of investment returns, certain assumptions may have been made. Changes to the assumptions may have a material impact on any returns detailed. Potential investors should be aware that certain legal, accounting and tax restrictions, margin requirements, commissions and other transaction costs and changes to the assumptions set forth herein may significantly affect the economic consequences of the transactions discussed herein. The information contained herein is not intended as tax, legal or accounting advice. 

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