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The opinions expressed in this commentary are those of the author. Any contents provided are meant for informational purposes only, does not constitute tax or investment advice, and should not be regarded as a recommendation, an offer to sell, or a solicitation of an offer to buy any security or interest in any fund or issuer of securities. They are also not research reports and are not intended to serve as the basis for any investment decision. Comments concerning the past performance of [e.g. monetary instruments, investment indexes or international markets] are not intended to be forward looking and should not be viewed as an indication of future results. All investments involve risk, and the past performance of a security or financial product does not guarantee future results or returns.

