Important Information: The views expressed in this material are the views of Vontobel and for informational purposes only. The information herein reflects judgments of the Quantitative Invest-ment team, which are subject to change without notice, as of the date of this document. In preparing this document, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources. Opinions and estimates involve assumptions that may not prove valid.  

Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Covered calls provide downside protection only to the extent of premiums received and prevent any profitability above the strike price of the call.  For more information on options and related risks, review the Options Clearing Corporation “Character-istics and Risks of Standardized Options” available at www.theocc.com. 

Advisory services for strategy discussed herein are offered through a Participating Affiliate structure between Vontobel Asset Man-agement, Inc., Vontobel Asset Management AG, and Vontobel (Hong Kong) Limited. Where applicable, certain investment staff may be deemed as Associated Persons and therefore subject to SEC requirements as part of the Participating Affiliate structure.

There is no assurance that the investment objective will be achieved or that the strategy will be successful. Information should not be construed as investment advice. It does not take into account any investor’s particular investment objectives, strat-egies, tax status or investment horizon. Past performance is not a guarantee of future results. Investments involve risks including possible loss of principal. There is no representation or warranty as to the current accuracy, reliability, or completeness of, nor liability for, decisions based on such information, and it should not be relied on as such.