These publications are not a solicitation for investment. It does not purport to be a complete description of the securities, markets or developments referred to in the material. All expressions of opinion are subject to change without notice. The content may not be appropriate or suitable for your financial circumstances. Past performance is not a reliable guide to future performance. The value of, or income from shares can go down as well as up and you may not get back the original amount you invested. Employees of Patronus Partners Limited may have a position or holding in any of the investments or in a related investment.