Disclaimer

The information and opinions contained in this website are for informational purposes only. It does not constitute a financial analysis or investment research, nor does it constitute on the part of AXA S.A. or its affiliated companies an offer to buy or sell any investments, products or services. In providing those publications, AXA S.A. does not solicit or offer investment, financial, legal, tax or any other type of recommendation for an investment strategy or advice to, nor has any fiduciary duties towards, recipients. We advise you to consult an independent adviser before making investment decisions. 

AXA S.A. and any of its affiliates may have a financial interest in any issuer or person mentioned on this website. AXA S.A., its affiliates, officers and employees may serve or have served as an officer, director or in advisory capacity for any person mentioned on this website. AXA S.A. and its affiliates may, to the extent permitted by law, have acted upon or used the information contained in the publications on this website, or the analysis on which they were based, before the publications were released.

The information and opinions contained in this website are established by our economists on the basis of data, projections, forecasts, anticipations and hypothesis made public by official providers of economic and market statistics, which are subjective. ESG data (including ratings) provided by external data providers and referenced for the present purpose is produced based on the data providers’ proprietary methodologies. Even though AXA S.A. has ESG methodologies in place, it cannot represent that the methodology or ESG data (including ratings) provided by external data providers is accurate, complete, up-to-date, and/or continuously available.

Analysis and conclusions contained in this website are the expression of an opinion based on available data at a specific date. All exhibits included in any document, unless stated otherwise, are as of the publication date of this information. The opinions expressed herein, including statements that are not based on historical facts, including those regarding estimates, expectations, beliefs, intentions, projections, goals, aspirations, commitments or strategies for the future, should be considered forward-looking statements which may prove to be inaccurate in the future and are subject to a number of risk factors. AXA S.A. provides no guarantee on the accuracy, completeness or fitness for any particular purpose of such information. Neither AXA S.A. nor any of its subsidiaries assumes any obligation to update the information and subjective opinions expressed on this website.

ESG standards may vary significantly across jurisdictions. Accordingly, no universally accepted global framework (legal, regulatory, or otherwise) currently exists, nor is there a consensus in terms of what constitutes a green, sustainable, responsible or any ESG equivalent investments, investment strategies, communications, etc. The lack of harmonized definitions and labels concerning those terms may result in different approaches being taken by the various market players and different regulatory landscapes across different jurisdictions. AXA S.A. neither guarantees nor issues any opinion on the compliance or adequacy of the content of information available on this website with any criteria of regulated or legal ESG related label, definition or concept applicable in any jurisdiction.

To the fullest extent permitted by law, neither AXA S.A., nor its affiliates, directors, employees, agents or advisers or any other person may be deemed liable to any person for any direct or consequential loss arising from any use of, or in relation to the distribution, possession, delivery of, or reliance on, publications on this website in, to or from any jurisdiction. Distribution, possession or delivery of this information in, to or from certain jurisdictions may be restricted or prohibited by law. Recipients of this information are required to inform themselves of and comply with all such restrictions or prohibitions.

Any reproduction of this information, in whole or in part is, unless otherwise authorized by AXA S.A., prohibited.