This material is issued and has been prepared by TEB Portf÷y Y÷netimi
A.Ů. (TEB Portf÷y) * a member of TEB Holding A.Ů.
This material is produced for information purposes only and does not constitute:
1. an offer to buy nor a solicitation to sell, nor shall it form the basis
of or be relied upon in connection with any contract or commitment whatsoever
2. any investment advice.
This material makes reference to certain financial instruments (the ôFinancial
Instrument(s)ö) authorised and regulated in its/their jurisdiction(s)
No action has been taken which would permit the public offering of the
Financial Instrument(s) in any other jurisdiction, except as indicated
in the most recent prospectus, offering document or any other information
material, as applicable, of the relevant Financial Instrument(s) where
such action would be required, in particular, in the United States, to
US persons (as such term is defined in Regulation S of the United States
Securities Act of 1933). Prior to any subscription in a country in which
such Financial Instrument(s) is/are registered, investors should verify
any legal constraints or restrictions there may be in connection with
the subscription, purchase, possession or sale of the Financial Instrument(s).
Investors considering subscribing for the Financial Instrument(s) should
read carefully the most recent prospectus, offering document or other
information material and consult the Financial Instrument(s)ĺ most recent
financial reports. The prospectus, offering document or other information
of the Financial Instrument(s) are available from your local providers,
if any, or from the entities marketing the Financial Instrument(s).
Opinions included in this material constitute the judgment of TEB Portf÷y
at the time specified and may be subject to change without notice. TEB
Portf÷y is not obliged to update or alter the information or opinions
contained within this material. Investors should consult their own legal
and tax advisors in respect of legal, accounting, domicile and tax advice
prior to investing in the Financial Instrument(s) in order to make an
independent determination of the suitability and consequences of an investment
therein, if permitted. Please note that different types of investments,
if contained within this material, involve varying degrees of risk and
there can be no assurance that any specific investment may either be suitable,
appropriate or profitable for a client or prospective clientĺs investment
Given the economic and market risks, there can be no assurance that the
Financial Instrument(s) will achieve its/their investment objectives.
Returns may be affected by, amongst other things, investment strategies
or objectives of the Financial Instrument(s) and material market and economic
conditions, including interest rates, market terms and general market
conditions. The different strategies applied to the Financial Instruments
may have a significant effect on the results portrayed in this material.
Past performance is not a guide to future performance and the value of
the investments in Financial Instrument(s) may go down as well as up.
Investors may not get back the amount they originally invested.
The performance data, as applicable, reflected in this material, do not
take into account the commissions, costs incurred on the issue and redemption