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INVESTING MONEY INVOLVES RISKS AND, IN EXTREME CASES, CAN LEAD TO A TOTAL LOSS.

ALL CONTENT OF ETFMANDATE IS SOLELY FOR GENERAL INFORMATION PURPOSE TO ALLOW READERS TO GAIN AN UNDERSTANDING OF FUTURE SERVICES, INVESTMENT DECISIONS AND INVESTEMENT PHILOSOPHY OF ETFMANDATE. THEY DO NOT CONSTITUTE AN OFFER OR A SOLICITATION OF AN OFFER. IT IS NEITHER A RECOMMENDATION TO BUY ORD SELL ASSETS NOR INVESTMENT ADVICE. ETFMANDATE CANNOT ASSESS WHETHER AND HOW THE CONTENT ALIGNS WITH INVESTMENT OBJECTIVES AND RISK PROFILES. ANYONY MAKING INVESTMENT DECISIONS BASED ON OUR SERVICE DOES SO SOLELY AT THEIR OWN RISK AND RESPONSIBILITY. ETFMANDATE CANNOT BE HELD RESPONSIBLE FOR ANY POTENTIAL LOSSES.
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THE INFORMATION REFLECTS THE ASSESSMENT AT A CERTAIN POINT IN TIME, WHICH CAN BE INFLUENCED AT ANY TIME BY CHANGES IN THE ENVIRONMENT. PAST PRICE DEVELOPMENTS ARE NOT AN INDICATION OF THE FUTURE. IN ADDITION, THE INFORMATION CONTAINED IN ALL STATEMENTS DOES NOT TAKE PERSONAL CIRCUMSTANCES INTO ACCOUNT. THE AUTHOR MAY HOLD HIS OWN POSITION IN THE INVESTMENT PRODUCTS OR SECURITIES DESCRIBED HEREIN. CONFLICTS OF INTERESTS THAT ARISE AS A REULST CANNOT BE FULLY RULED OUT.

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Zurich, 25. March 2025