The information contained herein is based on sources which swisspartners believes to be reliable. However, it is not guaranteed by swisspartners and may not be considered all-inclusive. This briefing is for information purposes only and neither information stated nor any opinions expressed constitute an offer or solicitation of an offer to sell or buy any securi­ties mentioned herein. swisspartners Zürich, or any of its affiliates, may at any given time have positions, as dealers or principal, in any investment recommended by the Investment Center Team and may act on the basis of such recommendation or may effect transactions in securities of companies men­tioned herein. Investments rec­ommended by the Investment Center are not FDIC insured, not obligations of nor guar­anteed by swisspartners. These investments involve risk, including the possible loss of princi­pal. All figures represent past performance and do not guarantee future results. All opinions expressed herein are those of the Investment Center, they are subject to change without prior notice.