The above-mentioned assessments by ABN AMRO and Bethmann Bank's Global Investment Committee reflect the Investment Committee’s opinion of the capital market and set the direction for our Bank’s securities services. The way in which and time at which an opinion may be implemented can differ depending on the securities service selected by clients. In this context we wish to point out to you that the use of the terms ‘portfolio’ or ‘custody account’ in this publication does not refer directly to your custody account and the assets it includes. Rather, this information refers to fictitious portfolios which represent the assessment of the Investment Committee and are used as a basis for the securities services we offer.
Assessments on the overweighting or underweighting of an asset class always relate to the long-term (strategic) weighting of an asset class in the risk profile of the fictitious portfolio. The actual weighting of the asset classes in client custody accounts may vary, depending on the agreements made between the client and the Bank.
In the context of the presentation of investment opportunities, Bethmann Bank wishes to make explicit reference to the risks associated with a capital investment. Investments in financial instruments are associated with risks which may mean that the intended investment targets are not reached. In addition to price risks, credit risks and liquidity risks, investments in international markets may be subject to other risks, in particular foreign currency and political risks, including the possibility of the total loss of the investment. A particular focus on individual industries, regions or sub-asset classes in the portfolio may lead to cluster risks, of which investors should be aware.
The assessments of the Global Investment Committee expressed in this publication may be based on misjudgements, which may lead to asset losses. The said opportunities are always subject to the risk of the event which gives rise to the opportunity failing to materialise. Past performance is not a reliable indicator of future results.
For a full risk disclosure, investors should consult the brochure “Basisinformationen über Wertpapiere und weitere Kapitalanlagen” (basic information on securities and other capital investments), which is available from Bethmann Bank.
