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The material herein is for informational purposes only and is not directed at, nor intended for distribution to or use by, any person or entity in any country where such distribution or use would be contrary to law or regulation or which would subject Credere Counsel or its subsidiaries or constituent business units to any licensing or registration requirement within such country.

This is not intended to be either a specific offer by Credere Counsel or its subsidiaries or constituent business units to sell or provide, or a specific invitation to apply for any particular financial account, product or service. Credere Counsel or its subsidiaries or constituent business units does not offer accounts, products or services in any jurisdiction.

The information contained herein is general in nature and is not intended, and should not be construed, as professional advice or opinion provided to the user, nor as a recommendation of any particular approach. This document does not purport to be a complete statement of the approaches or steps that may be appropriate for the user, does not take into account the user’s specific investment objectives or risk tolerance and is not intended to be an invitation to effect a securities transaction or to otherwise participate in any investment service. The information provided herein is on an “as-is” basis. Credere Counsel disclaims any and all warranties of any kind concerning any information provided in this report.

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