Important information

Past performance is not a guarantee of future results. For informational purposes only as a means of demonstrating the Quality Growth (“QG") investment management processes and to further illustrate the subject under discussion. Epiroc is a holding of the representative portfolio for the International Equity strategy, a portfolio within a composite that Vontobel has deemed the most representative of the composite strategy.

References to holdings should not be considered research, a recommendation to purchase, hold, or sell any security nor should any assumption be made as to the profitability or performance of security associated with them. Holdings and characteristics subject to change and may differ from those associated with a client portfolio.

The information herein reflects judgements of the QG 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. This document also contains projections and other forward-looking statements regarding future events, targets, or expectations. Such statements are based in part on current market conditions, which will fluctuate and may be superseded by subsequent market events or other factors. Historical market trends are not reliable indicators of future market behavior or the future performance of any particular investment and should not be relied upon as such. There is no assurance, as of the date of publication, that the securities referenced remain in the strategy or that securities sold have not been repurchased. Additionally, it is noted that securities discussed do not represent all of the securities purchased, sold, or recommended for the periods referenced.

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.

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 the 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. Vontobel reserves the right to make changes and corrections to the information and opinions expressed herein at any time, without notice.