Investments are subject to investment risk, including market fluctuations, regulatory change, counterparty risk, possible delays in repayment and loss of income and principal invested. The value of investment can fall as well as rise and you might not get back the amount originally invested at any point in time.
Deutsche Bank Private Wealth Management, through Deutsche Bank AG, its affiliated companies and its officers and employees (collectively “Deutsche Bank” or “DB”) has published this document in good faith for private circulation. The document is provided as general information only and consequently may not be complete or accurate for your purposes. It is not intended as financial advice or as an offer or recommendation of securities or other financial products. The price of securities and the income from them can go down as well as up and the amount originally invested may not be received back in full.
The past performance of an investment or market is not indicative of future results. Opinions and recommendations are given in good faith but without legal responsibility and are subject to change without notice. However, this does not exclude any duty or liability to a customer which Deutsche Bank Private Wealth Management has under the Financial Services and Markets Act 2000. Information contained in this publication has been compiled from sources believed to be reliable but is not warranted to be accurate or complete. Deutsche Bank Private Wealth Management and/or companies connected with it may within the last 12 months have provided investment advice or services in connection with any securities referred to or related securities and those companies or their officers and employees may have a position or engage in transactions in such securities.
This document has been prepared by Deutsche Bank Private Wealth Management for discussion purposes only.
This material was not produced, reviewed or edited by any research department within DB and is not investment research. Therefore, laws and regulations relating to investment research do not apply to it. Any opinions expressed herein may differ from the opinions expressed by other DB departments including the research departments. DB may engage in transactions in a manner inconsistent with the views discussed herein. DB trades or may trade as principal in the instruments (or related derivatives), and may have proprietary positions in the instruments (or related derivatives) discussed herein. DB may make a market in the instruments (or related derivatives) discussed herein.
This presentation contains forward looking statements. Forward looking statements include, but are not limited to assumptions, estimates, projections, opinions, models and hypothetical performance analysis. The forward looking statements expressed constitute the author’s judgement as of the date of this material. Forward looking statements involve significant elements of subjective judgements and analyses and changes thereto and/or consideration of different or additional factors could have a material impact on the results indicated. Therefore, actual results may vary, perhaps materially, from the results contained herein. No representation or warranty is made by Deutsche Bank as to their reasonableness or completeness of such forward looking statements or to any other financial information contained herein.
Deutsche Bank Private Wealth Management is a trading name of Tilney Investment Management. Registered in England No. 2010520. Tilney Investment Management is a member of the London Stock Exchange and is authorised and regulated by the Financial Services Authority. FSA Register No. 124255. Registered Office: Royal Liver Building, Pier Head, Liverpool L3 1NY. Tilney Investment Management is a member of the Deutsche Bank Group.