08 March 2025

⚠️ Conflict of Interest Disclosure (EU Regulation 596/2014 – MAR)

This publication is intended exclusively for informational and educational purposes. It does not constitute personalized investment advice or an invitation to buy or sell financial instruments.

The authors and/or contributors may hold positions—directly or through a model portfolio—in some of the securities mentioned. These positions may change without prior notice. This circumstance may represent a potential conflict of interest in accordance with Regulation (EU) 596/2014 (MAR).

The opinions expressed reflect the authors’ views at the time of publication. Each reader should independently assess the information and, if necessary, seek professional financial advice.