DENIAL OF RESPONSIBILITY

It should be noted that financial instruments involve speculative risks, which may also result in losses depending on economic developments and despite careful research. As a precaution, please note that the included analysis and recommendations for individual financial instruments cannot replace personalized investment advice from your advisor as they do not take into account your personal circumstances. All recommendations from our publications do not constitute an invitation to purchase or exchange, respectively. Represents the sale of financial instruments or any other advisory service.