Important Notice

The documents on this page are produced by CAMRADATA Analytical Services Limited (CAMRADATA), a company registered in England & Wales with registration number 06651543. CAMRADATA is neither authorised nor regulated by the Financial Conduct Authority in the United Kingdom nor the Securities and Exchange Commission in the United States of America.

The documents are not intended to constitute an invitation or an inducement to engage in any investment activity. They are not intended to constitute investment advice and should not be relied upon as such. They are not intended and none of CAMRADATA, its holding companies or any of its or their associates (CAMRADATA Group) shall have any liability whatsoever for (a) investment advice; (b) a recommendation to enter into any transaction or strategy; (c) advice that a transaction or strategy is suitable or appropriate; (d) the primary basis for any investment decision; (e) a representation, warranty, guarantee with respect to the legal, accounting, tax or other implications of any transaction or strategy; or (f) to cause the CAMRADATA Group to be an advisor or fiduciary of any recipient of this report or other third party.

The content and graphical illustrations contained in these documents are provided for information purposes and should not be relied upon to form any investment decisions or to predict future performance. CAMRADATA recommends that recipients seek appropriate professional advice before making any investment decision.

These documents have been produced by applying quantitative analytics and methodology proprietary to CAMRADATA to universe returns within the CAMRADATA Live database ('Database Information') as at a particular date. CAMRADATA has not independently verified the accuracy or completeness of Database Information. CAMRADATA is wholly reliant upon third parties for the accuracy and completeness of Database Information and has no duty of care owed to you in relation to such information. The analyses provided in these documents are reliant upon Database Information and accordingly may be incorrect, inaccurate or out of date.

The analytics and methodology used in the production of these documents has been designed by CAMRADATA and has not been independently tested or verified.

Although the information expressed is provided in good faith, the CAMRADATA Group does not represent, warrant or guarantee that such information is accurate, complete or appropriate for your purposes and none of them shall be responsible for or have any liability to you for losses or damages (whether consequential, incidental or otherwise) arising in any way for errors or omissions in, or the use of or reliance upon the information contained in this document. To the greatest extent permitted by law, we exclude all conditions and warranties that might otherwise be implied by law with respect to the document, whether by operation of law, statute or otherwise, including as to their accuracy, completeness or fitness for purpose.

CAMRADATA Analytical Services and its logo are proprietary trademarks of CAMRADATA and are registered in the United Kingdom.

Unauthorised copying of this document is prohibited.

Copyright CAMRADATA April 2015

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