Important Information: Past performance is not indicative of future results. Article provided for informational purposes only to discuss general market and industry trends. Does not constitute investment advice, research, recommendation or an offer or solicitation to buy or sell securities. Does not take into account any investor’s particular investment objectives, strategies, tax status or investment horizon, and should not be relied on as such to make financial decisions. There is no certainty or indication of similar or future outcomes in connection with the described investment management approach and processes. References to strategy/portfolio holdings (Adobe, Microsoft, Taiwan Semiconductor Manufacturing Company, Synopsys) and other companies are for illustrative purposes only as of the date of publication to elaborate on the subject matter under discussion. Information provided should not be considered research or a recommendation to purchase, hold, or sell any security nor should any assumption be made as to the present or future profitability or performance of any company identified or security associated with them. There is no assurance that any securities discussed herein will remain in the strategy at the time you receive this communication, or that securities sold have not been repurchased. Securities discussed may represent only a certain percentage of a portfolio’s holdings. Any projections or forward-looking statements regarding future events or the financial performance of countries, markets and/or investments are based on a variety of estimates and assumptions. There can be no assurance that the assumptions made in connection with such projections will prove accurate, and actual results may differ materially. The inclusion of forecasts should not be regarded as an indication that Vontobel considers the projections to be a reliable prediction of future events and should not be relied upon as such. The views and information provided herein may change at any time and without notice. Investments involve risks. The value of equities (e.g., shares) and equity-related investments may vary according to company profits and future prospects as well as more general market factors. In the event of a company default (e.g., insolvency), the owners of their equity rank last in terms of any financial payment from that company. Past performance is not a guarantee of future results. All information is from Vontobel unless otherwise noted and has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. 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. © 2024 Vontobel.