This information is a marketing communication. It is intended exclusively for clients belonging to the client group “Professional Clients” and / or “Eligible Counterparties” pursuant to section 67 (2) and (4) of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG) and is not intended for private clients or for citizens or residents of the United States. The information provided in this text is for information purposes only, is neither investment strategy recommendations nor investment recommendations or solicitations to buy or sell financial instruments and therefore does not meet all legal requirements to promote the independence of investment recommendations and is not subject to the prohibition of trading in connection with the publication of investment recommendations. They therefore do not meet the requirements of a financial analysis. Past performance is not a reliable indicator of future performance.

Renell Wertpapierhandelsbank AG does not assume any liability for the accuracy of the information provided herein. Subject to change without notice.