© DZ Research Blog 2022
This other research information was prepared by DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main (DZ BANK) as an investment services enterprise. Other research information must be understood as independent client information which does not contain any investment recommendations for specific issuers or specific financial instruments. Such information makes no allowance for any personal investment criteria.
The mandatory disclosures for research publications (financial analyses and other research information) as well as the further and also legal remarks, especially regarding methods, processes, the Conflicts of Interest Policy of DZ BANK Research can be read and accessed free-of-charge under www.dzbank.com/disclosure.
The information/documents on this and the following web pages are information from DZ BANK.
The information/documents must not, neither in full nor in part, be reproduced, distributed, made accessible online nor otherwise published in any other form without the prior written consent of DZ BANK.
These information/documents have been prepared by DZ BANK and are directed exclusively at person who have their permanent residence/business domicile in one of the member states of the European Economic Area (EEA) or Switzerland. They are not aimed at person with permanent residence/business outside the EEA and Switzerland.
In particular, they are not intended for „U.S.-Person“ as defined in „Regulation S“ under the „U.S. Securities Act“ of 1933, as amended, for person resident in the United States of America, Canada or Japan or for person currently residing in the United States of America, Canada or Japan.
The information/documents on the following web pages may not be distributed in any jurisdiction where such distribution is not permitted and person who come into the possession of these information/documents must inform themselves of the applicable legal provisions and comply with these.
All evaluations, opinions and declarations contained on these web pages are those of the author of the information/documents and do not necessarily agree with those of third parties. DZ BANK has obtained the contents on which the information/documents are based from sources believed to be reliable, but has not verified all such contents. Consequently, DZ BANK gives no warranty or assurances in respect of the accuracy, completeness or correctness of the information/documents or opinions on these web pages. DZ BANK accepts no liability in respect of losses caused by use of these information/documents nor for losses which arise in connection with the use of these information/documents. The information/documents made available on these web pages do not constitute an offer, a request for the submission of an offer to purchase or sell a financial instrument, nor do they constitute advertising. The information/documents are provided solely for information purposes. Nor are they a recommendation to buy or sell a financial instrument, nor are they financial analyses, prospectuses or key information documents. The information/documents provided on these web pages by DZ BANK do not replace individual investment advice. An investment decision in respect of any financial instrument whatsoever should not be made on the basis of these information/documents. Please note the date on which information/documents were provided. Information/documents can be rendered obsolete by current developments without the information/documents provided having been changed.