Capel Asset Management Limited does not provide advice or make personal recommendations and investors are strongly urged to seek independent advice before investing. Prospective investors should be aware that capital is at risk and the value of their investment may go down as well as up. Any investment should only be made on the basis of the relevant product literature and your attention is drawn to the risk, fees and taxation factors contained therein. Tax treatment depends on individual circumstances of each investor and may be subject to change in the future. Past performance is not a reliable indicator of future performance. Capel Asset Management Limited is authorised and regulated by the Financial Conduct Authority (Firm Reference Number: 1057826). Registered in England No. 17191384. Capel Asset Management is a registered UK trade mark (UK00004391487). Registered Office: Capel Asset Management, 20 North Audley Street, London, W1K 6WE.
