For use by professional clients and/or equivalent
investor types in your jurisdiction (not to be used with or passed on to
retail clients). For marketing purposes.
This document is intended for informational purposes only and should
not be considered representative of any particular investment. This
should not be considered an offer or solicitation to buy or sell any
securities or other financial instruments, or to provide investment
advice or services. Investing involves risk including the risk of loss
of principal. Your capital is at risk. Market risk may affect a single
issuer, sector of the economy, industry or the market as a whole. The
value of investments is not guaranteed, and therefore an investor may
not get back the amount invested. International investing involves
certain risks and volatility due to potential political, economic or
currency fluctuations and different financial and accounting standards.
The securities included herein are for illustrative purposes only,
subject to change and should not be construed as a recommendation to buy
or sell. Securities discussed may or may not prove profitable. The
views expressed are as of the date given, may change as market or other
conditions change and may differ from views expressed by other Columbia
Threadneedle Investments (Columbia Threadneedle) associates or
affiliates. Actual investments or investment decisions made by Columbia
Threadneedle and its affiliates, whether for its own account or on
behalf of clients, may not necessarily reflect the views expressed. This
information is not intended to provide investment advice and does not
take into consideration individual investor circumstances. Investment
decisions should always be made based on an investor’s specific
financial needs, objectives, goals, time horizon and risk tolerance.
Asset classes described may not be suitable for all investors. Past
performance does not guarantee future results, and no forecast should be
considered a guarantee either. Information and opinions provided by
third parties have been obtained from sources believed to be reliable,
but accuracy and completeness cannot be guaranteed. This document and
its contents have not been reviewed by any regulatory authority.
In Australia: Issued by Threadneedle
Investments Singapore (Pte.) Limited [“TIS”], ARBN 600 027 414. TIS is
exempt from the requirement to hold an Australian financial services
licence under the Corporations Act 2001 (Cth) and relies on Class Order
03/1102 in respect of the financial services it provides to wholesale
clients in Australia. This document should only be distributed in
Australia to “wholesale clients” as defined in Section 761G of the
Corporations Act. TIS is regulated in Singapore (Registration number:
201101559W) by the Monetary Authority of Singapore under the Securities
and Futures Act (Chapter 289), which differ from Australian laws.
In Singapore: Issued by Threadneedle
Investments Singapore (Pte.) Limited, 3 Killiney Road, #07-07, Winsland
House 1, Singapore 239519, which is regulated in Singapore by the
Monetary Authority of Singapore under the Securities and Futures Act
(Chapter 289). Registration number: 201101559W. This advertisement has
not been reviewed by the Monetary Authority of Singapore.
In Hong Kong: Issued by Threadneedle
Portfolio Services Hong Kong Limited 天利投資管理香港有限公司. Unit 3004, Two
Exchange Square, 8 Connaught Place, Hong Kong, which is licensed by the
Securities and Futures Commission (“SFC”) to conduct Type 1 regulated
activities (CE:AQA779). Registered in Hong Kong under the Companies
Ordinance (Chapter 622), No. 1173058.
In Japan: Issued by Columbia Threadneedle
Investments Japan Co., Ltd. Financial Instruments Business Operator, The
Director-General of Kanto Local Finance Bureau (FIBO) No.3281, and a
member of Japan Investment Advisers Association and Type II Financial
Instruments Firms Association.
In the UK: Issued by Threadneedle Asset
Management Limited, No. 573204 and/or Columbia Threadneedle Management
Limited, No. 517895, both registered in England and Wales and authorised
and regulated in the UK by the Financial Conduct Authority.
In the EEA: Issued by Threadneedle Management
Luxembourg S.A., registered with the Registre de Commerce et des
Sociétés (Luxembourg), No. B 110242 and/or Columbia Threadneedle
Netherlands B.V., regulated by the Dutch Authority for the Financial
Markets (AFM), registered No. 08068841.
In Switzerland: Issued by Threadneedle
Portfolio Services AG, an unregulated Swiss firm or Columbia
Threadneedle Management (Swiss) GmbH, acting as representative office of
Columbia Threadneedle Management Limited, authorised and regulated by
the Swiss Financial Market Supervisory Authority (FINMA).
In the Middle East: This document is
distributed by Columbia Threadneedle Investments (ME) Limited, which is
regulated by the Dubai Financial Services Authority (DFSA). For
Distributors: This document is intended to provide distributors with
information about Group products and services and is not for further
distribution. For Institutional Clients: The information in this
document is not intended as financial advice and is only intended for
persons with appropriate investment knowledge and who meet the
regulatory criteria to be classified as a Professional Client or Market
Counterparties and no other Person should act upon it.
Columbia Threadneedle Investments is the global brand name of the Columbia and Threadneedle group of companies.