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This website and any materials contained herein, including newsletters (including their titles) and the information contained therein, are provided solely for informational and ACG marketing purposes. Nothing in these materials constitutes investment research, investment advice, a sales prospectus, or an offer or solicitation to engage in any investment activities. These materials are not a recommendation to buy or sell any security, investment instrument, or product, and do not recommend any specific investment program or service.

Nothing in these materials should be construed as investment, legal, regulatory, tax, accounting, or other professional advice. The recipient must make an independent assessment of any legal, credit, tax, regulatory, and accounting issues and determine, with its own professional advisors, any suitability or appropriateness implications and consequences of any transaction in the context of its particular circumstances.

Although all information and opinions expressed in these materials were obtained in good faith from sources believed to be reliable, no representation or warranty, express or implied, is made as to the accuracy, sufficiency, completeness, or reliability of the information contained herein. All information is subject to change without notice, and ACG is under no obligation to update or keep current the information contained herein. Sources of information are ACG unless otherwise stated. ACG may utilise artificial intelligence tools (“AI Tools”) in the preparation of these materials. Notwithstanding any such use of AI Tools, the materials have undergone human review.

Asset classes, asset allocation, and investment instruments are indicative only. Any charts and scenarios contained in these materials are for illustrative purposes only. Some charts and/or performance figures may not be based on complete 12-month periods, which may reduce their comparability and significance. Historical performance is no guarantee for, and is not an indication of, future performance.

Past performance is no indication of future results, and the value of investments may fall as well as rise. Certain investments may not be readily realisable due to illiquid markets, and on realisation you may receive back less than you invested or may be required to pay more. The issuer may hold or trade positions in the instruments mentioned and may undertake transactions inconsistent with any views expressed.

Research Disclosure: These materials are not, and are not intended to be, a “research report”, “investment research” or “independent research” as may be defined in applicable laws and regulations worldwide.

ACG retains the right to change the range of services, products, and prices at any time without prior notice. Certain services and products are subject to legal provisions and cannot therefore be offered worldwide on an unrestricted basis.

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