The information provided herein is neither an offer nor a recommendation to buy or sell financial instruments. Furthermore, it does not represent an invitation or recommendation to carry out such transactions. It should not prevent the recipient from forming their own opinion. In particular, this information is independent of any individual current or future investment objectives/needs, and does not take into consideration the individual tax or financial situation of the recipient. The information is not intended for persons who are subject to a legal order banning the publication or access to such information with regard to their nationality or domicile.
Every asset allocation bears certain risks, including, but not limited to random fluctuations with regard to value, revenue and foreign currencies. The past performance and financial market scenarios are no guarantee for present or future returns. Baumann & Cie has taken every care to ensure that the information provided is correct. However, no responsibility is taken by Baumann & Cie for the content and the completeness of this information and Baumann & Cie rejects all liability in this respect. The opinions provided in this document may be changed at any time without prior notice. Unless otherwise stated, all numbers presented in this document are unverified.