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Entering 2021 – hopefully more relaxed, but possibly more challenging year than 2020

DISCLAIMER Warnings: This Marketing Communication is not considered investment research and has not been prepared in accordance with standards applicable to independent investment research. This Marketing Communication does not limit or prohibit the bank or any of its employees from dealing prior to its dissemination. Origin of the Marketing Communication

Second COVID‑19 wave and US political uncertainty raise questions about the future

DISCLAIMER Warnings: This Marketing Communication is not considered investment research and has not been prepared in accordance with standards applicable to independent investment research. This Marketing Communication does not limit or prohibit the bank or any of its employees from dealing prior to its dissemination. Origin of the Marketing Communication

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