Warning to readers
This document has no pre-contractual or contractual value. It is given to its recipient for information.
It reports analyzes or descriptions prepared by Lazard Frères Gestion SAS on the basis of general information and historical statistical data from public sources.
These elements are provided for information only and can in no way constitute a guarantee of future performance. These analyzes or descriptions may be subject to interpretation depending on the methods used. In addition, the instruments or securities appearing in this document are subject to market fluctuations and no guarantee can be given on their performance or future development.
The analyzes and / or descriptions contained in this document should not be interpreted as advice or recommendations from Lazard Frères Gestion SAS. This document does not constitute a recommendation to buy or sell, nor an invitation to invest in the instruments or securities appearing therein.
Any management method presented in this document does not constitute an exclusive approach and Lazard Frères Gestion SAS reserves the right to use any other method it deems appropriate. These presentations are the intellectual property of Lazard Frères Gestion SAS.
In addition, certain services rendered / or investments appearing in this document may present specific risks and are not necessarily suitable for all investors: risk of loss of capital, risk associated with discretionary management and allocation of assets. , equity risk, interest rate risk, credit risk, counterparty risk, risk linked to holding convertible bonds, currency risk, risks linked to intervention in emerging markets, risk linked to overexposure.
It is therefore up to everyone to independently measure the risks attached to these services and / or investments before any investment. All investors are required to refer to the conditions offered by Lazard Frères Gestion SAS to their clients relating to the services and / or investments appearing in this document.
In addition, any person wishing to invest in collective investment undertakings mentioned in this document is required to consult the KIID approved by the Autorité des Marchés Financiers given to any subscriber or available on request from Lazard Frères Gestion SAS. The information contained in this document has not been reviewed or certified by the statutory auditors of the UCI or any UCI that may be concerned.
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