1) Recipient’s Jurisdiction/Country

The information herein is not directed to, or intended for distribution to, or use by, any person or entity who is a citizen or resident of a locality in any jurisdiction, state or country where such distribution, publication, availability or use would be contrary to law or regulation.

2) Recipient’s Representations

By receiving, accessing and/or viewing the contents of this publication/email/report/commentary, the recipient represents and warrants that he/she is entitled to receive, access and view such publication/email/report/commentary in accordance with the restrictions set forth below and agrees to be bound by the terms and conditions contained herein. Any failure to comply with these terms and conditions may constitute a violation of laws or regulations.

3) Changes Without Notice

The information (related but not limited to currency, Unit Trust, commodity, equity, exchange-traded funds, news, bonds, Sukuk, central bank’s policy rate, interbank lending rate, and economic data) and any opinion contained in this publication/email/report/commentary are subject to change without notice. Neither CIMB Bank nor any of its affiliates, related companies, advisers or representatives are obliged to update any such information subsequent to the date hereof.

4) Restriction in Circulation

No part of this publication/email/report /commentary may be (i) copied, photocopied, duplicated, stored or reproduced in any form by any means or (ii) redistributed, published, circulated, reproduced or passed on, directly or indirectly, to any other person in whole or in part, for any purpose without the prior written consent of CIMB Bank (as defined below). This publication/email/report/commentary has been prepared by CIMB Bank and is solely for information and discussion purposes only.

5) Purpose and Non-Recommendation/Non Offer to Sell/Non-Solicitation

This publication/email/report/commentary should not be construed as a recommendation, an offer to sell or a solicitation of an offer to buy or sell any securities, futures, options or other financial instruments or to provide any investment advice or services. CIMB Bank is also not acting as an advisor or agent to any person to whom this report is directed in respect of its contents.

6) Non-Invitation to Subscribe Securities

Nothing in this publication/email/report/commentary is intended to be, or should be construed as an invitation by CIMB Bank to buy or sell, or as an invitation to subscribe for, any securities.

7) Warning on Reliance

Please refrain from acting on the information herein without first independently verifying its contents. Nothing in this publication/email/report/commentary constitutes a representation that any recommendation herein is suitable or appropriate to a recipient's individual circumstances and does not take into account the specific objectives or needs of any recipient given that it is not possible for CIMB Bank to have regard to the investment objectives, financial situation and particular needs of each person who reads this report. Please seek independent professional legal and financial advice as to the contents of this publication/email/report/commentary and the suitability of any investment product taking into account your specific investment objectives, financial situation or particular needs before you commit to purchasing a product. For the avoidance of doubt, the recipient of this publication/email/report/commentary should not treat such content as advice relating to legal, accounting, taxation, technical or investment matters.

8) Investment Risks and Factors

The price and value of any investments and indicative incomes herein contained may fluctuate either positively or negatively. It should be noted that investments in emerging markets are subject to increased levels of volatility than more established markets. Some of the reasons for this volatility relates to the respective economy, political climate, credit worthiness, currency and general market within that country. When investing in investments denominated in a foreign currency these transactions are also subject to fluctuation in exchange rates. Certain transactions mentioned in this publication/email/report/commentary may give rise to substantial risks and may not be suitable for all recipients.

9) Future Performance

The projections, valuations and statistical analyses herein may be based on subjective assessments and assumptions and may use one of many methodologies that produce different results and to the extent that they are based on historical information, they should not be relied upon as an accurate prediction of future performance. All references to past performance are not a guide to any future performance.

10) Disclaimer of Responsibility – Information Accuracy & Completeness

Whilst CIMB Bank has taken all reasonable care to ensure that the information herein has been compiled from sources believed to be reliable and is not untrue or misleading at the time of publication, CIMB Bank assumes no responsibility and makes no representations or warranties, of any kind, as to the accuracy or completeness of this publication/email/report/commentary and this publication/email/report/commentary does not purport to contain all the information that a recipient may require.

CIMB Bank makes no express or implied warranty as to the accuracy or completeness of any such information and opinion contained in this publication/email/report/commentary.

11) Disclaimer of Liability – Use of Publication/Email/Report/Commentary/Content

Neither CIMB Bank, its affiliates and related companies (“CIMB Group”) nor any of their directors, employees or representatives accept any liability for any loss, damage, costs, charges or expenses of whatsoever nature and howsoever arising (including but not limited to direct, indirect, special or consequential loss or loss of profits or loss of opportunity) suffered by you or any third party in connection with the use of this publication/email/report/commentary or its content (including any error, omission or misstatement herein, even if CIMB Bank has been advised of the possibility thereof).

12) Disclaimer of Liability – Statement/Opinion/Information/express or implied Matters/Omission

Neither CIMB Group nor any of their directors, employees or representatives are to have any liability (including liability to any person by reason of negligence or negligent misstatement) from any statement, opinion, information or matter (express or implied) arising out of, contained in or derived from or any omission from this publication/email/report/commentary, except liability under statute that cannot be excluded.

13) Potential Conflict of Interest

CIMB Group and their directors, associates, connected parties and/or employees may own or have positions in securities of the company(ies) covered in this publication/email/report/commentary or any securities related thereto and may from time to time add to or dispose of, or may be materially interested in, any such securities. Further, CIMB Group do and seek to do business with the company(ies) covered in this publication/email/report/commentary and may from time to time act as market maker or have assumed an underwriting commitment in the securities or instruments mentioned in this publication/email/report/commentary and, together with its associates and related companies, their directors, officers, employees and/or agents, may have or take positions or other interests in, and may effect transactions in securities or instruments mentioned herein and may also perform or seek to perform broking, investment banking and other banking or financial services for the companies or issuers mentioned herein and the affiliates and/or related companies of such companies or issuers.

CIMB Group may act as a principal or agent in any transaction contemplated by this document, or any other transaction connected with any such transaction, and may as a result earn brokerage, commission or other income. In the ordinary course of our businesses, any member of the CIMB Group may at any time hold long or short positions, and may trade or otherwise effect transactions, for its own account or the account of our other customers, in debt or equity securities or senior loans of any company that may be involved in this transaction. This is a result of our businesses generally acting independent of each other, and accordingly there may be situations where parts of the CIMB Group and/or our clients now have or in the future, may have interests, or take actions, that may conflict with your interests. In recognition of the foregoing, CIMB Group is not required to restrict its activities as a result of this report and that CIMB Group may undertake any business activity without further consultation with or notification to you.

14) Severability

If at any time any provision or part of any provision, of this disclaimer is, or becomes, illegal, invalid or unenforceable in any respect under applicable laws, that shall not affect the legality, validity or enforceability of any other provision, or part of that provision, of this disclaimer.

15) Publisher

This publication/email/report/commentary has been produced by the corresponding CIMB Bank entity as listed in the table below. The term “CIMB Bank” shall denote the relevant entity distributing or disseminating this publication/email/report/commentary in the particular jurisdiction referenced below.

CIMB Bank has produced this publication/email/report/commentary.

16) Contact

Please contact your Private Banker, Relationship Manager or walk into your nearest CIMB Branch before acting in reliance on any information contained within this publication/email/report/commentary.

17) Data Disclaimer

The data provided on this website is intended solely for informational purposes. Please refer to the respective data sources and their update frequencies listed below.

This website may include third-party content, links, or references. Sources of third-party content, links or references might subject to change without notice. Neither CIMB Bank nor any of its affiliates, related companies, advisers or representatives are obliged to update any such information subsequent to the date hereof. We do not control or assume responsibility for the accuracy, reliability, or legality of such external sources. By accessing and using this website, you agree that we are not liable for any losses, damages, or financial decisions made based on the information provided.

Please note that some referenced sources or external links on this website may require a subscription, payment or registration to access their content. Access to such content is subject to the terms of use and/or terms of conditions by the respective website owner or operator. We do not have control over and do not oversee these external sites and their access policies.

18) Disclaimer related to Unit Trust / Shariah Compliant Unit Trust

This document is provided to you for information purposes only and it may not be reproduced, distributed or published by any recipient for any other purposes. It should not be construed as an offer or a solicitation of an offer to purchase or subscribe. The information contained herein has been derived from sources believed to be reliable and is current as of the date of publication. No representation or warranty is made nor is there acceptance of any responsibility or liability made as to the accuracy, completeness or correctness of the information contained herein. Expressions of opinion contained herein are subject to change without notice. Investments in Unit Trusts are not obligations of, deposits in, guaranteed or protected by CIMB Bank Berhad / CIMB Islamic Bank Berhad and are subject to investment risks, including but not limited to the possible loss of the principal amount invested. Investors are advised to read and understand the Product Highlights Sheet, Master Prospectus / Information Memorandum and its Supplemental Master Prospectus / Information Memorandum for Unit Trusts which have been registered with the Securities Commission before investing. For copies of the Product Highlights Sheet and Prospectus / Information Memorandum, visit us at our nearest branch. Unit prices and income distribution, if any, may rise or fall. Investors should also consider all fees and charges involved before investing. Units will be issued upon receipt of completed application form and are subjected to terms and conditions contained therein. Past performance of the fund is not an indication of future performance and income distributions are not guaranteed. Investors should rely on their own evaluation to assess the merits and risks of any investment. Investors who are in doubt as to the action to be taken by them should consult their professional advisers immediately. Unit Trusts are not protected by Perbadanan Insurans Deposit Malaysia (“PIDM”). Investors should not make payment in cash to a Unit Trust Consultant or issue a cheque in the name of a Unit Trust.

This material has not been reviewed by the Securities Commission (”SC”).

19) Disclaimer related to Bonds / Sukuk

You are advised to read the relevant Information Memorandum / Offering Circular / Prospectus / Principal Terms and Conditions for a detailed description of the terms and features of the product. Customer may lose part of all of the initial investment. This is not a principal protected instrument. The product is not protected by Perbadanan Insurans Deposit Malaysia (“PIDM”).

20) Disclaimer related to portfolio sandbox

The portfolio performance displayed in this tool is purely hypothetical and intended solely for illustrative purposes. The performance is historical, which are not indicative of future return. Current performance of the investments may differ from the performance shown. Historical performance should not be the sole consideration when evaluating or selecting a product. The value of investments may fluctuate, and investors might not recover the full original invested amount.

The performance presented, including that of the simulated portfolios featured in this tool, does not reflect the performance of any actual account or investment product. It is based solely on hypothetical scenarios and does not derive from actual trading.

Portfolio performance is calculated on an aggregate basis, taking into account the selected investments and the percentage allocated to each investment. Performance excludes relevant fees and charges, such as sales charge. Actual investment outcomes may differ from the hypothetical portfolio.

Standard deviation is measured based on the daily return of the simulated portfolio. Max drawdown measures the maximum observed loss from the peak to trough of the simulated portfolio. Return for simulated portfolio assumes the reinvestment of any dividend distribution and coupon payment. Return for Equity is calculated based on the historical price movement of SPDR S&P 500 ETF, iShares MSCI Malaysia ETF, iShares MSCI Hong Kong ETF, iShares MSCI Singapore ETF. Return for Fixed Income is calculated based on the historical price movement of Vanguard Total World Bond ETF. Return for Alternative is calculated based on the historical price movement of SPDR Gold Trust. Return for Cash is based on the Malaysia OPR.