Disclaimer
The above information is published for information only and does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive the above information. The above information is not investment advice and does not constitute an offer to sell, transact or solicitation of an offer to purchase any investment products and services. DBS Bank (the "Bank" ) obtained the information contained above from sources believed to be reliable and accepts no liability whatsoever with respect to the use of this newsletter or its contents it describes. Expressions of opinion are those of the Bank and are subject to change without notice. The Bank does not make any representation or warranty as to the accuracy, completeness or correctness of the information contained above. Past performance quoted in this above is for reference only and is not an indication for future performance. Investment involves risk. Readers may wish to seek advice from a financial adviser before committing to purchase any product mentioned above. If a reader chooses not to do so, he should consider carefully whether any product mentioned is suitable for him. The Bank is not acting as the your adviser or in a fiduciary capacity in respect of any proposed transaction unless specifically otherwise agreed in writing. The Bank, its related companies, their directors and/or employees (collectively, "Related Persons" ) may have positions in, and may effect transaction in, the products mentioned above. The Bank may have alliances with the product providers to market their products, for which the Bank may receive a fee. Product providers may also be the Bank's related companies, who may be receiving fees from investors. The Bank and the Related Persons may also perform or seek to perform broking, investment banking and other financial services for the product providers.

The prices of stocks fluctuate, sometimes dramatically. The price of a stock may move up or down and may become valueless. It is as likely that losses will be incurred rather than profits made as a result of buying or selling stocks.