Performance, essence and current outlook

This recording may contain information on investments which does not constitute independent investment research. Accordingly, it is not subject to the protections afforded to independent research. SVM and its staff may have dealt in the investments concerned.

Past performance is not a guide to future performance. All financial instruments involve a degree of risk. The value of your investments and the income from them can go down as well as up and you may not get back the amount originally invested.