This material has been prepared by XELS PROJECT (XELS) for information purposes only.
All opinions and/or predictions contained in this material are based on the determination of XELS at the time this material was prepared and are subject to change without notice. We do not provide any guarantee or assurance that opinions contained in this material relating to future predictions will actually take place. Some part of the content of this material is based on various information available to XELS which XELS determined to be reliable. However, XELS does not guarantee the accuracy of such information, and there is a possibility that such information was summarized and imperfect. The past investment performance is not indicative of the future results.
This material is not intended as an investment solicitation or an investment advice in connection with any particular security transaction.