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This marketing document, subject to modifications, is given for purely informative purposes and does not constitute a contract. This document is confidential, intended exclusively to the person to whom it is given, and may not be communicated to any third party, nor distributed to a person or in a jurisdiction where such distribution would be restricted or illegal and may not be copied in whole or in part, without the prior written consent of A/S Global Risk Management Ltd. Fondsmæglerselskab (“GRM”). The contents of this document are not intended to provide investment advice nor any other investment service, and the document does not constitute and under no circumstances should it be considered in whole or in part as an offer, a solicitation, advice, a personal recommendation to purchase or subscribe for an investment service and/or product, nor an invitation to invest in the class of assets mentioned herein. No investment decision or instruction should be based solely on this document. The information indicated in this document shall not be considered as legal or tax or accounting advice. Furthermore, accessing some of these products, services and solutions might be subject to conditions. Some of the products and services mentioned in this presentation are reserved only for a certain category of investors, and/or adapted to investors who are sophisticated and familiar with these types of investment products and/or investment services and/or class of assets. The reader of this document is responsible for observing all applicable laws and regulations of the relevant jurisdictions. Any simulations and examples included in this document are provided only for indicative and illustration purposes. The present information may change depending on the market fluctuations and the information and views reflected in this document may change. GRM does not take on any responsibility to update or make any revisions to this document and GRM does not offer any guarantee, express or implied, as to the accuracy or exhaustivity of the information. The historical data and information, including any quoted expression of opinion, have been obtained from, or are based upon, external sources that our company believes to be reliable but have not been independently verified and are not guaranteed as to their accuracy or completeness. Our company shall not be liable for the accuracy, relevance or exhaustiveness of this information. Past performance is not a guide to future performance and may not be repeated. Investment value is not guaranteed, and the value of investments may fluctuate. Estimates of future performance are based on assumptions that may not be realised and should not be deemed an assurance or guarantee as to the expected results of investment in such asset class(es). To the extent communicated in the United Kingdom, this promotion is directed only at (1) high net worth companies and other businesses of the type set out in Article 49 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (FPO) and (2) investment professionals of the type set out in Article 19 of the FPO, and the services described in this promotion are available only to such persons. This promotion is not directed at any other UK persons, and must not be acted upon by any other UK person. This promotion is not intended for or directed at any person or legal entity within the US, nor any of its territories.
Arne Lohmann Rasmussen
Chief Analyst, Head of Research at Global Risk Management
Phone +45 2146 2951
Arra@global-riskmanagement.com