Disclaimer:The information in this website is intended for and directed to investment professionals in the United Kingdom only (as defined in article 19 of The Financial Services and Markets Act 2000 (Financial Promotion) Order 2001 as amended) who have professional experience in matters relating to investments and any investment or investment activity to which this website relates is available only to such persons or will be engaged only with such persons. The information herein is not intended for any person not coming within the definition of an investment professional and any person who does not have professional experience in matters relating to investments should not rely on it. Specifically, it is not intended to be a financial promotion to retail clients. This website does not constitute professional advice nor does it constitute an offer to sell or a solicitation of an offer to purchase any security or any other investment or product. The information shown herein is illustrative purposes only and is believed to be correct but cannot be guaranteed. Some information may have come from sources that we believe to be reliable but which has not been independently verified by us. No representation or warranty (express or otherwise) is given as to the accuracy or completeness of the information contained in this website and Evercore Pan-Asset Capital Management Limited and its employees accept no liability for the consequences of acting or not acting upon the information. Opinions expressed on this website are solely the opinions of Evercore Pan-Asset Capital Management Limited. All expressions of opinion are subject to change without notice. It may not be reproduced or distributed in any format without the prior written consent of Evercore Pan-Asset Capital Management Limited.  Not all Exchange Traded Funds are suitable for all investors.  Investing in Exchange Traded Funds may expose the investor to a number of risks, some of which are specific to Exchange Traded Funds and some of which are general investment risks.  Past performance is not necessarily a good indication of likely future performance.  The value of investments and the income from them can go down as well as up and investors may not recover the amount of their original investment. The sterling value of overseas investments, and the income from them, will fluctuate as a result of currency movements. The tax treatment of investments depends on each investor’s individual circumstances and is subject to changes in tax legislation.