Forget the finish line: the importance of enjoying the journey
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This video/podcast is provided to you for your information purposes only and should not be relied upon as investment advice. This video/podcast is not offering securities, furthermore, this video/podcast does not constitute the solicitation of an offer to purchase or subscribe for any investment, instrument or service in any jurisdiction where, or from any person in respect of whom, such a solicitation of an offer is unlawful.
The information contained within this video/podcast has not been reviewed in light of your personal circumstances and should not be relied upon in substitution for the exercise of independent judgement. If you have concerns about any investment or are uncertain about the suitability of an investment decision, you should contact your Relationship Manager or seek such financial, legal or tax advice from your professional advisers as appropriate. Market data quoted or shown in this video/podcast are sourced from Bloomberg unless otherwise stated. While this information has been prepared in good faith including information from sources believed to be reliable, no representation or warranty, expressed or implied, is or will be made and no responsibility or liability is or will be accepted by HSBC UK Bank plc or any part of the HSBC Group or by any of their respective officers, employees or agents as to or in relation to the accuracy or completeness of the information contained in this video/podcast. The information stated, opinions expressed and estimates given constitute HSBC Private Banking's best judgement at the time of publication and do not necessarily reflect the opinions and views of other market participants or other members of the HSBC Group. HSBC Private Banking is under no obligation to keep this information current or update it.
It is important to note that the capital value of, and income from, any investment may go down as well as up and you may not get back the full amount invested. Past performance is not a reliable indicator of future performance. When an investment is denominated in a currency other than your local or reporting currency, changes in exchange rates may have an adverse effect on the value of that investment. There is no guarantee of positive trading performance.
Investors in Hedge Funds and Private Equity should bear in mind that these products can be highly speculative and may not be suitable for all clients. Investors should ensure they understand the features of the products and fund strategies and the risks involved before deciding whether or not to invest in such products. Such investments are generally intended for experienced and financially sophisticated investors who are willing to bear the risks associated with such investments, which can include: loss of all or a substantial portion of the investment; increased risk of loss due to leveraging, short-selling, or other speculative investment practices; lack of liquidity in that there may be no secondary market for the fund and none expected to develop; volatility of returns; prohibitions and/or material restrictions on transferring interests in the fund; absence of information regarding valuations and pricing; delays in tax reporting; key man and adviser risk; limited or no transparency to underlying investments; limited or no regulatory oversight; and less regulation and higher fees than mutual funds. Investments in commodities may involve substantial risk, as the price of the commodity may fluctuate significantly.
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In the United Kingdom, this video/podcast has been approved for distribution by HSBC UK Bank plc whose office is located at 8 Cork Street, London, W1S 3LJ. In the UK HSBC UK Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Private customers should be aware that the rules and regulations made under the Financial Services and Markets Act 2000 for the protection of investors, including the protection of the Financial Services Compensation Scheme, do not apply to investment business undertaken with the non-UK offices of the HSBC Group.
In Guernsey, HSBC Private Banking (C.I.) a division of HSBC Bank plc, Guernsey Branch is licensed by the Guernsey Financial Services Commission for Banking, Insurance and Investment Business. HSBC Bank plc is registered in England and Wales, number 14259. Registered office 8 Canada Square, London, E14 5HQ. HSBC Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (UK FCA reference number: 114216).
In Switzerland, HSBC Private Bank (Suisse) SA is a licensed bank regulated by the Swiss Financial Market Supervisory Authority.
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In UAE, this video/podcast is distributed by HSBC Bank Middle East Limited, DIFC Branch Level 3, Precinct Building 4, PO Box 506553.
In Hong Kong, HSBC Private Banking offers private banking services through The Hongkong and Shanghai Banking Corporation Limited which is regulated by the Hong Kong Monetary Authority. THE CONTENTS OF THIS DOCUMENT HAVE NOT BEEN REVIEWED BY ANY REGULATORY AUTHORITY IN HONG KONG.
In Singapore, HSBC Private Banking offers private banking services through The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch which is regulated by the Monetary Authority of Singapore.
In China, HSBC Private Banking offers private banking services through HSBC Bank (China) Company Limited which is regulated by the China Banking Regulatory Commission. HSBC Private Banking is the marketing name for the principal private banking business of the HSBC Group.
HSBC Bank Bermuda Limited is a member of the HSBC Group. In Bermuda, HSBC Bank Bermuda Limited, whose office is located at Compass Point, 9 Bermudiana Road, Hamilton HM11, is licensed to conduct investment business by the Bermuda Monetary Authority.
In Mexico, HSBC Private Banking offers banking services through HSBC México S.A., Institución de Banca Múltiple, Grupo Financiero HSBC, properly authorised and regulated by the National and Banking Commission and Central Bank.
For clients receiving this from the USA: This document was prepared by HSBC UK Bank plc for use by members of the HSBC Global Private Banking business. In the USA, HSBC Private Banking offers banking services through HSBC Bank USA, N.A. (Member FDIC), and provides securities and brokerage services through HSBC Securities (USA) Inc., (Member NYSE/FINRA/SIPC), a registered Futures Commission Merchant, a wholly owned subsidiary of HSBC Markets (USA) Inc. and an indirectly wholly owned subsidiary of HSBC Holdings plc. Foreign securities carry special risks, such as exposure to currency fluctuations, less developed or less efficient trading markets, political instability, a lack of company information, differing auditing and legal standards, volatility and, potentially, less liquidity. Investments, securities and insurance products are: not a deposit or other obligation of the bank or any affiliates; not FDIC insured or insured by any federal government agency of the United States; not guaranteed by the bank or any of its affiliates; and are subject to investment risk, including possible loss of principal invested.
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