This material was prepared by Nikko Asset Management* and is for information purposes only. The viewer must not rely on the information as an alternate to expert and customised advice from their trusted financial/legal adviser. This information is not intended for or directed towards retail investors but is for the use of researchers, financial advisers and wholesale clients. This material has been prepared without taking into account a potential investor’s objectives, financial situation or needs and is not intended to constitute financial advice, and must not be relied on as such.

Any mention of individual stocks in these materials neither promises that the stocks will be incorporated nor constitute a recommendation to buy or sell. The information in these materials has been prepared from what is considered to be reliable information but the accuracy and integrity of the information is not guaranteed. Figures, charts, and other data in these materials are current as of the date of publication unless otherwise stated**. In addition, opinions expressed in these materials are as of the date of publication unless otherwise stated.

Investors should consult an appropriately qualified financial adviser and the relevant Product Disclosure Statement or Fund Fact Sheet. Past performance is not a guarantee of future performance. While we believe the information contained in this material is correct at the date of presentation, no warranty of accuracy or reliability is given and no responsibility is accepted for errors or omissions including where provided by a third party.

* “Nikko Asset Management” is a general term that includes Nikko Asset Management Co., Ltd. and its overseas subsidiaries and affiliates including Nikko Asset Management New Zealand Limited (Company No. 606057, FSP No. FSP22562).

** The graphs, figures, etc., contained in these materials contain either past or back-dated data, and make no promise of future investment returns, etc. These documents make no guarantee whatsoever of future changes to the market environment, etc.

Copyright 2019, Nikko Asset Management Co., Ltd. All rights reserved.