ABP Invest Limited research serves solely for information purposes with regard to the development and impact of general macroeconomic and geopolitical data and does not constitute or implicitly substitute a personal recommendation or advice to existing or potential investors for the purchase, sale, subscription, redemption, exchange, retention of a specific financial instrument or the exercise of any right a specific financial instrument grants for the purchase, sale, subscription, exchange or redemption of a financial instrument and thus, it cannot be considered as provision of “investment advice”.  ABP Invest, its directors and employees, do not undertake, regardless from the circumstances, any liability for any investment strategy, transaction or investment pursued on the basis of ABP Invest Limited research.

Any data or information provided is for illustrative purposes only and does not represent investment advice or recommendation.  The information discusses general market activity or industry trends and should not be construed as investment advice. The economic and market forecasts presented reflect our judgment as at the date shown and are subject to change without notice. These forecasts will be affected by changes in interest rates, general market conditions and other political, social and economic developments. There can be no assurance that these forecasts will be achieved. Investors are not certain to make profits; losses may be made.

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