Disclaimers Indices

Disclaimers of the Pictet Group

Below are the various disclaimers that are included in the reporting issued by the Pictet Group as well as the disclaimers for indices provided by our third-party data providers.

Pictet Geneva

Banque Pictet & Cie SA (hereinafter the “Bank“) does not guarantee that the data contained in this report (hereinafter the "Data") are complete, accurate, or free of errors or omissions. The Bank is not liable for this report under any circumstances.

Past performance must not be considered an indicator or guarantee of future performance. The evaluation of the securities and other instruments in this report is based on rates taken from the customary sources of financial information (hereinafter the “Data Providers“) and may be updated without notice. The Data Providers do not guarantee the adequacy, accuracy, timeliness or completeness of their data and information (hereinafter the “Third Party Data“). The Data Providers do not make any representation regarding the advisability of any investment and do not sponsor, promote, issue, sell or otherwise recommend or endorse any investment.

The Third Party Data used for the present report is provided on an “as is“ basis and all warranties, including without limitation, the implied warranties of merchantability and fitness for a particular purpose are excluded by the Data Providers. In no event shall the Data Providers, and any of its affiliates or any other person involved in or related to compiling, computing or creating the Third Party Data be liable for any damages relating to the Third Party Data, including, without limitation, damages resulting from any use of or reliance on the Third Party Data.

The Data can only be read and/or used by the person to whom they are addressed. The Bank is not liable for the use, transmission or exploitation of the Data. Therefore, any form of reproduction, copying, disclosure, modification and/or publication of the Data is under the sole liability of the addressee of this report, and no liability whatsoever will be incurred by the Bank. The addressee of this report agrees to comply with the applicable laws and regulations in the jurisdictions where they use the Data.

Pursuant to the Bank's General Business Conditions, the addressee of this report must report any inaccuracy or error within 30 days following receipt of this report.

Pictet Luxembourg

Pictet & Cie (Europe) S.A. (hereinafter the "Bank") does not guarantee that the data contained in this report (hereinafter the "Data") are complete, accurate, or free of errors or omissions. The Bank is not liable for this report under any circumstances.

Past performance must not be considered an indicator or guarantee of future performance. The evaluation of the securities and other instruments in this report is based on rates taken from the customary sources of financial information (hereinafter the “Data Providers”) and may be updated without notice. The Data Providers do not guarantee the adequacy, accuracy, timeliness or completeness of their data and information (hereinafter the “Third Party Data”). The Data Providers do not make any representation regarding the advisability of any investment and do not sponsor, promote, issue, sell or otherwise recommend or endorse any investment.

The Third Party Data used for the present report is provided on an “as is” basis and all warranties, including without limitation, the implied warranties of merchantability and fitness for a particular purpose are excluded by the Data Providers. In no event shall the Data Providers, and any of its affiliates or any other person involved in or related to compiling, computing or creating the Third Party Data be liable for any damages relating to the Third Party Data, including, without limitation, damages resulting from any use of or reliance on the Third Party Data.

The Data can only be read and/or used by the person to whom they are addressed. The Bank is not liable for the use, transmission or exploitation of the Data. Therefore, any form of reproduction, copying, disclosure, modification and/or publication of the Data is under the sole liability of the addressee of this report, and no liability whatsoever will be incurred by the Bank. The addressee of this report agrees to comply with the applicable laws and regulations in the jurisdictions where they use the Data.

Pursuant to the Bank's General Business Conditions, the addressee of this report must report any inaccuracy or error within 30 days following receipt of this report.

Pictet Germany

Pictet & Cie (Europe) S.A., German branch (hereinafter the "Bank") does not guarantee that the data contained in this report (hereinafter the "Data") are complete, accurate, or free of errors or omissions. The Bank is not liable for this report under any circumstances.

Past performance must not be considered an indicator or guarantee of future performance. The evaluation of the securities and other instruments in this report is based on rates taken from the customary sources of financial information (hereinafter the “Data Providers”) and may be updated without notice. The Data Providers do not guarantee the adequacy, accuracy, timeliness or completeness of their data and information (hereinafter the “Third Party Data”). The Data Providers do not make any representation regarding the advisability of any investment and do not sponsor, promote, issue, sell or otherwise recommend or endorse any investment.

The Third Party Data used for the present report is provided on an “as is” basis and all warranties, including without limitation, the implied warranties of merchantability and fitness for a particular purpose are excluded by the Data Providers. In no event shall the Data Providers, and any of its affiliates or any other person involved in or related to compiling, computing or creating the Third Party Data be liable for any damages relating to the Third Party Data, including, without limitation, damages resulting from any use of or reliance on the Third Party Data.

The Data can only be read and/or used by the person to whom they are addressed. The Bank is not liable for the use, transmission or exploitation of the Data. Therefore, any form of reproduction, copying, disclosure, modification and/or publication of the Data is under the sole liability of the addressee of this report, and no liability whatsoever will be incurred by the Bank. The addressee of this report agrees to comply with the applicable laws and regulations in the jurisdictions where they use the Data.

Pursuant to the Bank's General Business Conditions, the addressee of this report must report any inaccuracy or error immediately following receipt of this report.

Important notice
The deposits are eligible for compensation in accordance with EU directives 94/19 / EU and 97/9 / EU. Further information can be found in the information sheet.

Pictet France

Pictet & Cie (Europe) SA, Paris branch (hereinafter the “Bank”) does not guarantee that the data contained in this report (hereinafter the “Data”) are complete, accurate, or free of errors or omissions. The Bank is not liable for this report under any circumstances.

Past performance must not be considered an indicator or guarantee of future performance. The evaluation of the securities and other instruments in this report is based on rates taken from the customary sources of financial information (hereinafter the “Data Providers”) and may be updated without notice. The Data Providers do not guarantee the adequacy, accuracy, timeliness or completeness of their data and information (hereinafter the “Third Party Data”). The Data Providers do not make any representation regarding the advisability of any investment and do not sponsor, promote, issue, sell or otherwise recommend or endorse any investment.

The Third Party Data used for the present report is provided on an “as is” basis and all warranties, including without limitation, the implied warranties of merchantability and fitness for a particular purpose are excluded by the Data Providers. In no event shall the Data Providers, and any of its affiliates or any other person involved in or related to compiling, computing or creating the Third Party Data be liable for any damages relating to the Third Party Data, including, without limitation, damages resulting from any use of or reliance on the Third Party Data.

The Data can only be read and/or used by the person to whom they are addressed. The Bank is not liable for the use, transmission or exploitation of the Data. Therefore, any form of reproduction, copying, disclosure, modification and/or publication of the Data is under the sole liability of the addressee of this report, and no liability whatsoever will be incurred by the Bank. The addressee of this report agrees to comply with the applicable laws and regulations in the jurisdictions where they use the Data.

Pursuant to the Bank’s General Business Conditions, the addressee of this report must report any inaccuracy or error within 30 days following receipt of this report.

Pictet Great Britain

Banque Pictet & Cie SA (hereinafter the “Bank”) does not guarantee that the information contained in this report (hereinafter the “Data”) is complete, accurate, or free of errors or omissions. This report is provided to you for information purposes only. The Bank is not liable for any loss or damage arising out of a person’s use of, or reliance on, the Data.

Past performance must not be considered an indicator or guarantee of future performance. The evaluation of the securities and other instruments in this report is based on rates taken from the customary sources of financial information (hereinafter the “Data Providers“) and may be updated without notice. The Data Providers do not guarantee the adequacy, accuracy, timeliness or completeness of their data and information (hereinafter the “Third Party Data”). The Data Providers do not make any representation regarding the advisability of any investment and do not sponsor, promote, issue, sell or otherwise recommend or endorse any investment.

The Third Party Data used for the present report is provided on an “as is” basis and all warranties, including without limitation, the implied warranties of merchantability and fitness for a particular purpose are excluded by the Data Providers. In no event shall the Data Providers, and any of its affiliates or any other person involved in or related to compiling, computing or creating the Third Party Data be liable for any damages relating to the Third Party Data, including, without limitation, damages resulting from any use of or reliance on the Third Party Data.

The Data can only be read and/or used by the person to whom they are addressed. The Bank is not liable for the use, transmission or exploitation of the Data. Therefore, any form of reproduction, copying, disclosure, modification and/or publication of the Data is under the sole liability of the addressee of this report, and no liability whatsoever will be incurred by the Bank. The addressee of this report agrees to comply with the applicable laws and regulations in the jurisdictions where they use the Data.

Pursuant to the Bank’s General Business Conditions, the addressee of this report must report any inaccuracy or error within 30 days following receipt of this report.

Pictet Spain

Pictet & Cie (Europe) SA, Spanish branch (hereinafter the “Bank”) does not guarantee that the data contained in this report (hereinafter the “Data”) are complete, accurate, or free of errors or omissions. The Bank is not liable for this report under any circumstances.

Past performance must not be considered an indicator or guarantee of future performance. The evaluation of the securities and other instruments in this report is based on rates taken from the customary sources of financial information (hereinafter the “Data Providers”) and may be updated without notice. The Data Providers do not guarantee the adequacy, accuracy, timeliness or completeness of their data and information (hereinafter the “Third Party Data”). The Data Providers do not make any representation regarding the advisability of any investment and do not sponsor, promote, issue, sell or otherwise recommend or endorse any investment.

The Third Party Data used for the present report is provided on an “as is” basis and all warranties, including without limitation, the implied warranties of merchantability and fitness for a particular purpose are excluded by the Data Providers. In no event shall the Data Providers, and any of its affiliates or any other person involved in or related to compiling, computing or creating the Third Party Data be liable for any damages relating to the Third Party Data, including, without limitation, damages resulting from any use of or reliance on the Third Party Data.

The Data can only be read and/or used by the person to whom they are addressed. The Bank is not liable for the use, transmission or exploitation of the Data. Therefore, any form of reproduction, copying, disclosure, modification and/or publication of the Data is under the sole liability of the addressee of this report, and no liability whatsoever will be incurred by the Bank. The addressee of this report agrees to comply with the applicable laws and regulations in the jurisdictions where they use the Data.

Pursuant to the Bank’s General Business Conditions, the addressee of this report must report any inaccuracy or error within 30 days following receipt of this report.

Pictet Singapore

Bank Pictet & Cie (Asia) Ltd (hereinafter the “Bank”) does not guarantee that the data (hereinafter the “Data”) contained in this Financial Statement (hereinafter the “Financial Statement”) is complete, accurate or free of errors or omissions. The Bank is not liable for this Financial Statement under any circumstances. The content of this Financial Statement is provided for information only and is not legally binding on the Bank. This Financial Statement does not constitute an admission of debt.

Past performance must not be considered an indicator or guarantee of future performance. The valuation of the securities and other assets or instruments in this Financial Statement is based on rates taken from the customary sources of financial information (hereinafter the “Data Providers”) and may be updated without notice. Where a market price is unavailable, other price indications (including but not limited to the actual cost price) may be reflected. The prices quoted do not necessarily reflect realisable values. In addition, values for tax purposes may be different from those indicated. This valuation is provided for information only and is not legally binding on the Bank.

The Data Providers do not guarantee the adequacy, accuracy, timeliness or completeness of their data and information (hereinafter the “Third Party Data”). The Data Providers do not make any representation regarding the advisability of any investment and do not sponsor, promote, issue, sell or otherwise recommend or endorse any investment. The Third Party Data used for this Financial Statement is provided on an “as is” basis and all warranties, including without limitation, the implied warranties of merchantability and fitness for a particular purpose are excluded by the Data Providers. In no event shall the Data Providers, and any of its affiliates or any other person involved in or related to compiling, computing or creating the Third Party Data, be liable for any damages relating to the Third Party Data, including, without limitation, damages resulting from any use of or reliance on the Third Party Data.

The Data can only be read and/or used by the person to whom this Financial Statement is addressed. The Bank is not liable for the use, transmission or exploitation of the Data. Therefore, any form of reproduction, copying, disclosure, modification and/or publication of the Data is under the sole liability of the addressee of this Financial Statement, and no liability whatsoever will be incurred by the Bank. The addressee of this Financial Statement agrees to comply with the applicable laws and regulations in the jurisdictions where such addressee uses the Data.

In accordance with the Bank‘s General Business Conditions, the client of the Bank must notify the Bank of any inaccuracy, discrepancy or error within the relevant notice period as set out in the Bank’s General Business Conditions. 

The Bank is a merchant bank incorporated in the Republic of Singapore under registration number 199508227D, with its place of business at 10 Marina Blvd #22-01 Tower 2 Marina Bay Financial Centre, Singapore 018983. It operates within the framework of regulations set out from time to time by the Monetary Authority of Singapore (hereinafter the “MAS”).

The Bank has obtained an exemption from the MAS under section 100(2) of the Financial Advisers Act (“FAA”) for the provision of financial advisory services to High Net Worth Individuals (as defined in the MAS Guidelines on Exemption for Specialised Units Serving High Net Worth individuals (FAA-G07)) and is exempted from the requirements of sections 25, 27, 28 and 36 of the FAA, the MAS Notice on Recommendations on Investment Products (FAA-N16), MAS Notice on Appointment and Use of Introducers by Financial Advisers (FAA-N02), MAS Notice on Information to Clients and Product Information Disclosure (FAA-N03) and MAS Notice on Minimum Entry and Examination Requirements for  Representatives of Licensed Financial Advisers and Exempt Financial Advisers (FAA-N13).

Valid without signature.

Pictet Hong Kong

Where this report is a summary of your portfolio as at the specified date which has been prepared for your reference and information only and to facilitate discussion with your Relationship Manager, certain tailored changes to its original form and substance may have been made on an ad hoc basis in accordance with your preferences or specific requests. It is not a legally binding document. Pictet & Cie (Europe) SA, Hong Kong Branch (hereinafter the “Bank”) does not guarantee that its data are complete, accurate, or free of errors or omissions and shall not be liable therefor under any circumstances. Where this or another report is your official bank statement, it (together with the relevant transaction advice(s)) shall provide you with an accurate, current and complete record of your account and transaction(s). For the avoidance of doubt, the official bank statement(s) and transaction advice(s) shall prevail in the event of any inconsistency or discrepancy with other reports.

Past performance must not be considered an indicator or guarantee of future performance. The valuation of the securities and other assets or instruments in this report is based on rates taken from the customary sources of financial information (hereinafter the “Data Providers”) and may be updated without notice. Where a market price is unavailable, other price indications (including but not limited to the actual cost price) may be reflected. The prices quoted do not necessarily reflect realisable values. In addition, values for tax purposes may be different from those indicated.

The Data Providers do not guarantee the adequacy, accuracy, timeliness or completeness of their data and information (hereinafter the “Third Party Data”). The Data Providers do not make any representation regarding the advisability of any investment and do not sponsor, promote, issue, sell or otherwise recommend or endorse any investment.

The Third Party Data used for the present report is provided on an “as is” basis and all warranties, including without limitation, the implied warranties of merchantability and fitness for a particular purpose are excluded by the Data Providers. In no event shall the Data Providers, and any of its affiliates or any other person involved in or related to compiling, computing or creating the Third Party Data be liable for any damages relating to the Third Party Data, including, without limitation, damages resulting from any use of or reliance on the Third Party Data.

The data contained in this report can only be read and/or used by the person to whom this report is addressed. The Bank is not liable for the use, transmission or exploitation of the data. Therefore, any form of reproduction, copying, disclosure, modification and/or publication of the data is under the sole liability of the addressee of this report, and no liability whatsoever will be incurred by the Bank. The addressee of this report agrees to comply with the applicable laws and regulations in the jurisdictions where such addressee uses the data.

Pursuant to the Bank’s General Business Conditions, the Client must notify the Bank of any inaccuracy, discrepancy or error within the relevant notice period as set out in the General Business Conditions.

Pictet & Cie (Europe) SA is incorporated in Luxembourg with limited liability.

It is an authorised institution within the meaning of the Banking Ordinance (Cap. 155 of the Laws of Hong Kong) and a registered institution (CE Number: AQG515) under the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong) carrying on Type 1 (dealing in securities), Type 4 (advising on securities) and Type 9 (asset management) regulated activities.

The registered address of Pictet & Cie (Europe) SA, Hong Kong Branch is 9/F Chater House, 8 Connaught Road Central, Hong Kong.

Pictet Bahamas

Pictet Bank & Trust Limited (hereinafter the “Bank”) does not guarantee that the data contained in this report (hereinafter the “Data”) are complete, accurate, or free of errors or omissions. The Bank is not liable for this report under any circumstances.

Past performance must not be considered an indicator or guarantee of future performance. The evaluation of the securities and other instruments in this report is based on rates taken from the customary sources of financial information (hereinafter the “Data Providers”) and may be updated without notice. The Data Providers do not guarantee the adequacy, accuracy, timeliness or completeness of their data and information (hereinafter the “Third Party Data”). The Data Providers do not make any representation regarding the advisability of any investment and do not sponsor, promote, issue, sell or otherwise recommend or endorse any investment.

The Third Party Data used for the present report is provided on an “as is” basis and all warranties, including without limitation, the implied warranties of merchantability and fitness for a particular purpose are excluded by the Data Providers. In no event shall the Data Providers, and any of its affiliates or any other person involved in or related to compiling, computing or creating the Third Party Data be liable for any damages relating to the Third Party Data, including, without limitation, damages resulting from any use of or reliance on the Third Party Data.

The Data can only be read and/or used by the person to whom they are addressed. The Bank is not liable for the use, transmission or exploitation of the Data. Therefore, any form of reproduction, copying, disclosure, modification and/or publication of the Data is under the sole liability of the addressee of this report, and no liability whatsoever will be incurred by the Bank. The addressee of this report agrees to comply with the applicable laws and regulations in the jurisdictions where they use the Data.

Pursuant to the Bank’s General Business Conditions, the addressee of this report must report any inaccuracy or error within 30 days following receipt of this report.

Disclaimers of third party data providers

SIX

“SIX Swiss Exchange AG (“SIX Swiss Exchange”) is the source of the relevant SIX indices as mentioned in the applicable reporting or publications of the Pictetgroup and the data comprised therein. SIX Swiss Exchange has not been involved in any way in the creation of any reported information and does not give any warranty and excludes any liability whatsoever (whether in negligence or otherwise) –including without limitation for the accuracy, adequateness, correctness, completeness, timeliness, and fitness for any purpose –with respect to any reported information or in relation to any errors, omissions or interruptions in the relevant index or its data. Any dissemination or further distribution of any such information pertaining to SIX Swiss Exchange is prohibited.”

MSCI

The MSCI information may only be used for your internal use, may not be reproduced or redisseminatedin any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an "as is" basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the "MSCI Parties '') expressly disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non-infringement. merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, fast profits) or any other damages. (www.msci.com)

FTSE

“London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group [2022]. FTSE Russell is a trading name of certain of the LSE Group companies.(e.g., “FTSE®” “FTSE Fixed Income”“Russell®”, “FTSE Russell®) is/are a trade mark(s) of the relevant LSE Group companies and is/are used by any other LSE Group company under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.”

J.P. Morgan

“Information has been obtained from sources believed to be reliablebut J.P. Morgan does not warrant its completeness or accuracy. The Index is used with permission. The Index may not be copied, used, or distributed without J.P. Morgan's prior written approval. Copyright 2017, J.P. Morgan Chase & Co. All rights reserved.”

Bloomberg-Barclays

Bloomberg Index Services Limited

STOXX

“STOXX Limited (“STOXX”) is the source of The relevant STOXX indices as mentioned in the applicable reporting or publications of the Pictetgroup  and the data comprised therein. STOXX has not been involved in any way in the creation of any reported information and does not give any warranty and excludes any liability whatsoever (whether in negligence or otherwise) –including without limitation for the accuracy, adequateness, correctness, completeness, timeliness, and fitness for any purpose –with respect to any reported information or in relation to any errors, omissions or interruptions in the relevant STOXX indices as mentioned in the applicable reporting or publications of the Pictetgroup  or its data. Any dissemination or further distribution of any such in-formation pertaining to STOXX is prohibited.”

MARKIT:PMI data only

"Copyright 2022, Markit Economics Limited. All rights reserved and all Intellectual property rights retained by Markit Economics Limited."

RICI-Beeland

Rogers International Commodity Index®

“Jim Rogers”, “James BeelandRogers, Jr.”, and “Rogers” are trademarks and service marks of, and “Rogers International Commodity Index” and “RICI” are registered service marks of, BeelandInterests, Inc., which is owned and controlled by James BeelandRogers, Jr., and are used subject to license. The personal names and likeness of Jim Rogers/James BeelandRogers, Jr. are owned and licensed by James BeelandRogers, Jr. Products based on or linked to the Rogers International Commodity Index® or any sub-index thereof are not sponsored, endorsed, sold or promoted by BeelandInterests, Inc. (“BeelandInterests”) or James BeelandRogers, Jr. Neither BeelandInterests nor James BeelandRogers, Jr. makes any representation or warranty, express or implied, nor accepts any responsibility, regarding the accuracy or completeness of this website, or the advisability of investing in securities or commodities generally, or in products based on or linked to the Rogers International Commodity Index® or any sub-index thereof or in futures particularly.

TOPIX

The TOPIX Index Value and the TOPIX Marks are subject to the proprietary rights owned by Tokyo Stock Exchange, Inc. and Tokyo Stock Exchange, Inc. owns all rights and know-how relating to the TOPIX such as calculation, publication and use of the TOPIX Index Value and relating to the TOPIX Marks. No Product is in any way sponsored, endorsed or promoted by Tokyo Stock Exchange, Inc.

EMMI-Euribor

Euribor®, Eonia® and Eurepo® are registered trademarks of EMMI a.i.s.b.l. All rights reserved. All use of these names must indicate that the index is a registered trademark.

Nomura

The intellectual property rights and any other rights, in the Nomura indices belong to Nomura Securities Co., Ltd. (“Nomura”). Nomura does not guarantee accuracy, completeness, reliability, usefulness, marketability, merchantability or fitness of the Index, and does not account for business activities or services that Pictet Group undertakes with the use of the Index.

Copyright 2022, S&P Global Market Intelligence. Reproduction of any information, data or material, including ratings (“Content”) in any form is prohibited except with the prior written permission of the relevant party. Such party, its affiliates and suppliers (“Content Providers”) do not guarantee the accuracy, adequacy, completeness, timeliness or availability of any Content and are not responsible for any errors or omissions (negligent or otherwise), regardless of the cause, or for the results obtained from the use of such Content. In no event shall Content Providers be liable for any damages, costs, expenses, legal fees, or losses (including lost income or lost profit and opportunity costs) in connection with any use of the Content. A reference to a particular investment or security, a rating or any observation concerning an investment that is part of the Content is not a recommendation to buy, sell or hold such investment or security, does not address the suitability of an investment or security and should not be relied on as investment advice. Credit ratings are statements of opinions and are not statements of fact.

S&P DOW JONES

The "relevant S&P Dow Jones indices as mentioned in the applicable reporting or publications of the Pictetgroup" is a product of S&P Dow Jones Indices LLC, a division of S&P Global, or its affiliates (“SPDJI”) and Third Party Licensor, and has been licensed for use by Pictetgroup. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC, a division of S&P Global (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); Third Party Licensor Trademarks are trademarks of the Third Party Licensor and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Pictetgroup. It is not possible to invest directly in an index. The relevant product of the Pictetgroup  are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, any of their respective affiliates (collectively, “S&P Dow Jones Indices”) or Third Party Licensor. Neither S&P Dow Jones Indices nor Third Party Licensor make any representation or warranty, express or implied, to the owners of the relevant product of the Pictetgroup  or any member of the public regarding the advisability of investing in securities generally or in The relevant product of the Pictetgroup particularly or the ability of the relevant S&P Dow Jones indices as mentioned in the applicable reporting or publications of the Pictetgroup to track general market performance. Past performance of an index is not an indication or guarantee of future results. S&P Dow Jones Indices and Third Party Licensor only relationship to PictetGroup with respect to the relevant S&P Dow Jones indices as mentioned in the applicable reporting or publications of the Pictetgroup is the licensing of the Index and certain trademarks, service marks and/or trade names of S&P Dow Jones Indices and/or its licensors. The relevant S&P Dow Jones indices as mentioned in the applicable reporting or publications of the Pictetgroup is determined, composed and calculated by S&P Dow Jones Indices or Third Party Licensor without regard to PictetGroup or the relevant product of the Pictetgroup. S&P Dow Jones Indices and Third Party Licensor have no obligation to take the needs of PictetGroup or the owners of The relevant product of the Pictetgroup into consideration in determining, composing or calculating the relevant S&P Dow Jones indices as mentioned in the applicable reporting or publications of the Pictetgroup. Neither S&P Dow Jones Indices nor Third Party Licensors are responsible for and have not participated in the determination of the prices, and amount of the relevant product of the Pictetgroup  or the timing of the issuance or sale of The relevant product of the Pictetgroup in the determination or calculation of the equation by which the relevant product of the Pictetgroup is to be converted into cash, surrendered or redeemed, as the case may be. S&P Dow Jones Indices and Third Party Licensor have no obligation or liability in connection with the administration, marketing or trading of the relevant product of the Pictetgroup . There is no assurance that investment products based on the relevant S&P Dow Jones indices as mentioned in the applicable reporting or publications of the Pictetgroup will accurately track index performance or provide positive investment returns. S&P Dow Jones Indices LLC is not an investment or tax advisor. A tax advisor should be consulted to evaluate the impact of any tax-exempt securities on portfolios and the tax consequences of making any particular investment decision. Inclusion of a security within an index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such security, nor is it considered to be investment advice.

NEITHER S&P DOW JONES INDICES NOR THIRD PARTY LICENSOR GUARANTEES THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE INDICES OR ANY DATA RELATED THERETO OR ANY COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P DOW JONES INDICES AND THIRD PARTY LICENSOR SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. S&P DOW JONES INDICES AND THIRD PARTY LICENSOR MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY PICTET GROUP, OWNERS OF THE RELEVANT PRODUCT OF PICTET GROUP, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE INDICES OR WITH RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P DOW JONES INDICES OR THIRD PARTY LICENSOR BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBLITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN S&P DOW JONES INDICES AND PICTET GROUP, OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES.

NASDAQ

Nasdaq®, The relevant NASDAQ indices as mentioned in the applicable reporting or publications of the Pictetgroup , are registered trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by PictetGroup.

HFR

© 2022 Hedge Fund Research, Inc. -All rights reserved. HFR®, HFRI®, HFRX®, HFRQ®, HFRU®, HFRL®, HFR PortfolioScope®, WWW.HEDGEFUNDRESEARCH.COM®, HEDGE FUND RESEARCH®, HFR IndexScope™, and HFR Risk Parity Indices™ are the trademarks of Hedge Fund Research, Inc.Thisinformation is obtained from sources that Hedge Fund Research, Inc. considers to be reliable; however, no representation is made as to, and no responsibility or liability is accepted for, the accuracy or completeness of the information. Information contained herein is subject to change at any time without notice. It is not possible to invest directly in a financial index. Exposure represented by an index is available through instruments based on that index. HFR does not sponsor, endorse, sell, promote or manage any investment products

Euronext

“©2022 Euronext N.V. All Rights Reserved. The information, data, analysis and Information contained herein (i) include the proprietary information of Euronext and its content providers, (ii) may not be copied or further disseminated except as specifically authorized, (iii) do not constitute investment advice, (iv) are provided solely for informational purposes and (v) are not warranted to be complete, accurate or timely.”

ICE

ICE DATA INDICES, LLC (“ICE DATA”), IS USED WITH PERMISSION. ICE® IS A REGISTERED TRADEMARK OF ICE DATA OR ITS AFFILIATES [ AND BOFA® IS A REGISTERED TRADEMARK OF BANK OF AMERICA CORPORATION LICENSED BY BANK OF AMERICA CORPORATION AND ITS AFFILIATES ("BOFA") AND MAY NOT BE USED WITHOUT BOFA'SPRIOR WRITTEN APPROVAL]. ICE DATA, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM. NEITHER ICE DATA, ITS AFFILIATES NOR THEIR RESPECTIVE THIRD PARTY SUPPLIERS SHALL BE SUBJECT TO ANY DAMAGES OR LIABILITY WITH RESPECT TO THE ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDICES OR THE INDEX DATA OR ANY COMPONENT THEREOF, AND THE INDICES AND INDEX DATA AND ALL COMPONENTS THEREOF ARE PROVIDED ON AN “AS IS” BASIS AND YOUR USE IS AT YOUR OWN RISK. ICE DATA, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY SUPPLIERS DO NOT SPONSOR, ENDORSE, OR RECOMMEND [Pictet], OR ANY OF ITS PRODUCTS OR SERVICES.

ICE-LIBOR

The index data referenced herein is the property of ICE Data Indices, LLC, its affiliates (“ICE Data”) and/or its Third Party Suppliers and has been licensed for use by Pictetgroup. ICE Data and its Third Party Suppliers accept no liability in connection with its use.

CME-WTI

‘Used with permission from CME Group Inc. 2022’

S&P ratings

Reproduction of any information, data or material, including ratings (“Content”) in a ny form is prohibited except with the prior written permission of the relevant party. Such party, its affiliates and suppliers (“Content Providers”) do not guarantee the accuracy, adequacy, completeness, timeliness or availability of any Content and are not responsible for any errors or omissions (negligent or otherwise), regardless of the cause, or for the results obtained from the use of such Content. In no event shall Content Providers be liable for any damages, costs, expenses, legal fees, or losses (including lost income or lost profit and opportunity costs) in connection with any use of the Content. A reference to a particular investment or security, a rating or any observation concerning an investment that is part of the Content is not a recommendation to buy, sell or hold such investment or security, does not address the suitability of an investment or security and should not be relied on as investment advice. Credit ratings are statements of opinions and are not statements of fact.

Copyright 2022, S&P Global Market Intelligence

Confirm your selection
By clicking on “Continue”, you acknowledge that you will be redirected to the local website you selected for services available in your region. Please consult the legal notice for detailed local legal requirements applicable to your country. Or you may pursue your current visit by clicking on the “Cancel” button.