This document was produced by Swiss Management for information purposes only. It should not be construed as an offer, but merely as an invitation for the recipient to tender on an exclusive basis. It does not constitute an offer or a solicitation to conclude a financial transaction. In principle, investment products cited in this document may only be purchased by current or future clients of Swiss Management.

The conditions contained in this document are of an indicative nature and are subject to change at any time. Past investment performance is no indication of future earnings. Information pertaining to the price, weighting, etc. of particular securities is based on market information from the past and is subject to change at any time. Investors must keep in mind that a definitive investment proposal may differ from the composition presented in this document. The securities, financial instruments, and transactions listed may be replaced at any time. This document does not constitute an issue prospectus or a financial analysis. Consequently, it is not subject to the guidelines concerning the independence of financial analysis issued by any financial authority.

Swiss Management provides no guarantee regarding its reliability and completeness, and cannot accept any liability for losses that might arise from its use. Only the provisions, conditions, and risk warnings in the actual contract with the client are legally binding.
Components of this product (such as alternative investments, structured investments and derivatives) may contain a certain degree of complexity and a high level of risk.

This product is intended only for investors who understand and accept the associated risks. Investments in foreign currencies are subject to exchange rate fluctuations.

Investments in emerging markets are subject to certain special risks, which include, for example: a certain degree of political instability, relatively unpredictable financial market trends and economic growth patterns, a financial market that is still in the development stage and a weak economy. Before selecting this product, investors should determine its suitability with regard to their particular circumstances and independently (possibly in consultation with their professional advisors) examine the special risks (maximum loss, currency risk, etc.) and the legal, regulatory, credit, tax, and accounting consequences. Swiss Management does not issue recommendations regarding the suitability of this product for particular investors or guarantees regarding the future performance of this product. Neither this document nor any copy thereof may be sent to or taken into the United States or distributed in the United States or to any US persons. The same applies in any other jurisdiction except where compliant with the applicable laws. This document may not be reproduced in part or in full without the written consent of Swiss Management.

Swiss Management