GENERAL DISCLOSURES
Past performance is not a guarantee of future results. Inherent in any investment is the potential for loss.
Fiera Capital Corporation is a global asset management firm with subsidiaries and affiliates in various jurisdictions (collectively, “FieraCapital”). All information is as of the date of this document unless otherwise noted. This document is not intended as investment advice or a recommendation of any security or investment strategy for a specific recipient. Investments or strategies described herein are provided as general market commentary, and there may be no account or fund managed by Fiera Capital for which investments or strategies described herein are suitable due to the various types of accounts or funds that are managed by FieraCapital. Nothing herein constitutes an offer to sell, or a solicitation of an offer to purchase, any securities, nor does it constitute an endorsement with respect to any investment area or vehicle. This material cannot be reproduced or redistributed without the prior written consent of Fiera Capital.
Certain information contained in this document may constitute “forward-looking statements,” which can be identified by the use of forward-looking terminology such as “may,”“will,” “should,” “expect,” anticipate,” “project,” “estimate,” “intend” “continue,” or “believe” or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results or the actual performance of any strategy or market sector may differ materially from those reflected or contemplated in such forward-looking statements.
Statements regarding current conditions, trends or expectations in connection with the financial markets or the global economy are based on subjective viewpoints and may be incorrect.
The information provided is proprietary to Fiera Capital and it reflects Fiera Capital’s views as of the date of this document. Such views are subject to change at any point without notice. Some of the information provided herein is from third-party sources and/or compiled internally based on internal and/or external sources and are believed to be reliable at the time of production but such information is not guaranteed for accuracy or completeness and was not independently verified. Fiera Capital is not responsible for any errors arising in connection with the preparation of the data provided herein. No representation, warranty, or undertaking, express or implied, is given as to the accuracy or completeness of such information by Fiera Capital or any other person; no reliance may be placed for any purpose on such information; and no liability is accepted by any person for the accuracy and completeness of any such information.
Any charts, graphs, and descriptions of investment and market history and performance contained herein are not a representation that such history or performance will continue in the future or that any investment scenario or performance will even be similar to such chart, graph or description. Any charts and graphs contained herein are provided as illustrations only and are not intended to be used to assist the recipient in determining which securities to buy or sell, or when to buy or sell securities. Any investment described herein is an example only and is not a representation that the same or even similar investment scenario will arise in the future, or that investments made will be as profitable as such examples or will not result in a loss to any such investment vehicles. All returns are purely historical and are no indication of future performance.
No discussion with respect to specific investments should be considered a recommendation to purchase or sell any particular investment. The companies discussed do not represent all past investments. It should not be assumed that any of the investments discussed were or will be profitable, or that similar recommendations or decisions will be made in the future.
Each FieraCapital entity provides investment advisory services or offers investment funds only in those jurisdictions where such entity and/or the relevant product is registered or authorized to provide such services pursuant to an applicable exemption from such registration. Thus, certain products, services, and information related thereto provided in the materials may not be available to residents of certain jurisdictions. Please consult the specific disclosures relating to the products or services in question for further information regarding the legal requirements (including any offering restrictions) applicable to your jurisdiction. For details on the particular registration of, or exemptions therefrom relied upon by, any Fiera Capital entity, please consult this webpage.
Potential conflicts of interest may arise from the relationship between Fiera Capital and its subsidiaries and affiliates.
The information in this document reflects general information about the Fiera Capital entities and their respective investment programs. There can be no assurance that any information included herein will not change or be adjusted to reflect the environment in which the FieraCapital entities will operate. Historic information on performance is not indicative of future returns. Conclusions and opinions do not guarantee any future event or performance. Fiera Capital is not liable for any errors or omissions in the information or for any loss or damage suffered. This document is confidential and is being provided to you on the express understanding that it will not be reproduced or transmitted by you to third parties without Fiera Capital’s prior written consent. If you are not the intended recipient of this document, you are hereby notified that the use, circulation, quoting, or reproducing of this document is strictly prohibited and may be unlawful. Additional information is available upon request.
This document does not constitute legal, tax, accounting or investment advice; prospective investors should consult their respective advisors regarding such matters.
RISKS OF ALTERNATIVE INVESTMENTS
Alternative investments are speculative and involve a great deal of risk and are not suitable for all investors. There can be no assurance that the investment objectives can or will be achieved. The overall performance of a strategy is dependent not only on investment performance but also on the investment manager’s ability to source assets. Investment return and principal value will fluctuate so that an investor’s units, if and when redeemed, may be worth more or less than original cost. The fees and expenses charged within the strategy may offset its total return. Exposure to currency fluctuations may have an impact on such a strategy’s cash flow and asset values denominated in the currency of domicile. The use of leverage could increase the risks of an investment. Portfolio Investments may be subject to high levels of regulation which could result in risks related to delays in obtaining relevant permits or approvals.
