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Depending on the circumstances, investors might not recoup the full amount invested. The value of investments can be subject to fluctuations.

Past performance is no indicator or guarantee of the future performance of the invested assets. Therefore, the “Directives on the Independence of Financial Research” of the Swiss Bankers Association do not apply. This publication is provided by Raiffeisen Switzerland Cooperative and is not the result of financial analysis. We refer you to the brochure entitled "Special risks in securities trading".ĭirectives on the Independence of Financial Research We would like to stress that past performance is not necessarily an indication of future performance and assume, neither explicitly nor by implication, no liability or warranty with regard to any future performance. No investment or other decisions should be taken based on this website. Neither does this website replace qualified advice necessary prior to making any investment decision, especially relating to any associated risks. This website is not an investment advisor or any other decision-making aid for financial, legal, fiscal or other consultancy questions. The financial products mentioned on this website involve a high degree of risks and may not be suitable for all investors.

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