Investors should take cognisance of the fact that there are risks involved in buying or selling any financial product.

Past performance of a financial product is not necessarily indicative of future performance.

The value of financial products can increase as well as decrease over time, depending on the value of the underlying securities and market conditions.

Illustrations, forecasts or hypothetical data are not guaranteed and are provided for illustrative purposes only.

This document does not constitute a solicitation, invitation or investment recommendation.

Prior to selecting a financial product or fund it is recommended that investors seek specialised financial, legal and tax advice.

The laws of the Republic of South Africa shall govern any claim relating to or arising from the contents of this document.

Forecasts, hypothetical data, and illustrations are given purely for illustrative purposes and are not guaranteed. Please ensure that you fully understand the risks involved and seek independent advice if necessary.