Return Assumptions 2021

You acknowledge, understand and accept the following terms and conditions in relation to the use and access of the Q&A section of US Equity Strategy:

1. Any question posted on US Equity Strategy is neither a recommendation, an offer to sell, nor solicitation of an offer to purchase any investment. You acknowledge that US Equity Strategy does not provide investment or any kind of professional advice and all the information posted on US Equity Strategy is for reference only and no reliance should be placed on it for the making or taking of any investment, tax or legal decisions and/or actions.
2. The questions posted on US Equity Strategy reflect enquiries that BCA Research (BCA) receive and are not and do not represent the views, opinion or statement held and/or made by BCA and BCA shall assume no liability whatsoever relating or arising from such questions.
3. No warranty is made to the accuracy, suitability or completeness of any answers posted on US Equity Strategy by BCA and no liability in respect of any errors or omissions (including any third party liability) is accepted by BCA. BCA provides the information and data in its publications "as is" and without guarantees. BCA DISCLAIMS ALL WARRANTIES, EXPRESS AND IMPLIED, including warranties of merchantability, suitability or fitness for a particular purpose or use.
4. The answers posted on US Equity Strategy may not be suitable for all persons, and you should apply your own judgment to every investment decision you make. If you are unclear about any information contained on US Equity Strategy, you should seek independent professional advice.
5. All the figures and data quoted and/or referenced are for reference only and are subject to change without notice. BCA shall not be responsible for the accuracy of the information quoted from other sources.
6. Past performance is not indicative of future performance and investment involves risk. You should refer to the offering document(s) and issuers' public reports for details, including the risk factors.
7. The information posted on US Equity Strategy may contain out-of-date information as and when you use and/or access US Equity Strategy. The information will not necessarily be updated as views or information change.
8. BCA or its affiliates and their directors and employees may or may not have a position in or with respect to any of the investment products alluded to on US Equity Strategy.

You acknowledge, understand and accept the following additional terms and conditions in relation to any information submitted through US Equity Strategy:

1. You will be granting BCA a perpetual, irrevocable, royalty free license to use, reproduce, modify, adapt, publish, translate, incorporate in other works, distribute and display any information submitted, in whole or in part without having to inform or obtain consent from you.
2. In responding to any questions submitted through US Equity Strategy, BCA is entitled to assume that the circumstances, facts and figures presented to it are true, accurate and complete and BCA has no responsibility to verify the truthfulness and accuracy of any information submitted against your investment portfolio. You acknowledge that you should refer to your monthly statements and your financial advisor and/or contact BCA [SDC1] for verifying details of your own investments.
3. BCA has the sole discretion to publish or withhold from publishing in whole or in part any information submitted without the necessity to inform or obtain consent from you.