For use by professional clients and/or equivalent
investor types in your jurisdiction (not to be used with or passed on to
retail clients) 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 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, Registered address: Claridenstrasse 41, 8002 Zurich, Switzerland
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.
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 material 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 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 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.