Please bear in mind that any forward-looking statements and commentaries are merely forecasts and are subject to unexpected risks and uncertainties. They can therefore in no way be guaranteed. The value of investment funds and certificates can rise or fall at any time. The future performance of investment products cannot be deduced from the indicated, historical development. As a result, good performance in the past is not a reliable indicator for positive value development in the future. Investments in foreign currencies may also be subject to exchange rate fluctuations and may correspondingly be associated with higher risks. FPM AG can therefore neither ensure nor guarantee the maintenance or increase of the value of the invested capital.