The Bigger Picture

IMPORTANT INFORMATION
PAST PERFORMANCE IS NOT AN INDICATION OF FUTURE RESULTS

Aberdeen Standard Investments is a brand of the investment businesses of Standard Life Aberdeen plc, its affiliates and subsidiaries. In the United States, Aberdeen Standard Investments is the marketing name for the following affiliated, registered investment advisers: Aberdeen Standard Investments Inc., Aberdeen Asset Managers Ltd., Aberdeen Standard Investments Australia Ltd., Aberdeen Standard Investments (Asia) Ltd., Aberdeen Capital Management, LLC, Aberdeen Standard Investments ETFs Advisors LLC and Standard Life Investments (Corporate Funds) Ltd.

The views and opinions expressed are provided for general information only, and do not constitute specific tax, legal, or investment advice to, or recommendations for, any person. We suggest that you consult your financial or tax advisor, accountant, or attorney with regard to your specific situation.

The details contained here are for information purposes only and should not be considered as an offer, or solicitation, to deal in any of the investments mentioned herein.  Aberdeen Standard Investments does not warrant the accuracy, adequacy or completeness of the information contained herein and expressly disclaims liability for errors or omissions in such information and materials.

Any research or analysis used in the preparation of the information has been procured by Aberdeen Standard Investments for its own use and may have been acted on for its own purpose. Some of the information may contain projections or other forward looking statements regarding future events or future financial performance of countries, markets or companies. These statements are only predictions, opinions or estimates made on a general basis and actual events or results may differ materially.

This information does not provide financial or investment advice and does not take into account the particular financial circumstances of individual investors. Before investing, investors should seek their own professional advice.

Neither Aberdeen Standard Investments nor any of its employees, associated group companies or agents has given any consideration to nor have they or any of them made any investigation of the investment objectives, financial situation or particular need of the reader, any specific person or group of persons. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of the reader, any person or group of persons acting on any information, opinion or estimate contained herein. Aberdeen Standard Investments reserves the right to make changes and corrections to any information at any time, without notice.

Third party websites provided by hyperlinks are completely beyond the control of Aberdeen Standard Investments.  Accordingly, Aberdeen Standard Investments accepts no responsibility for the accuracy, completeness and legality of the contents of such third party website, or for any offers, services and products contained therein. Aberdeen Standard Investments reserves the right to make changes and corrections to any information herein at any time, without notice.

In the United States, Aberdeen Standard Investments is the marketing name for the following affiliated, registered investment advisers: Aberdeen Asset Management Inc., Aberdeen Asset Managers Ltd, Aberdeen Asset Management Ltd, Aberdeen Asset Management Asia Ltd and Aberdeen Capital Management, LLC. 

Aberdeen Standard Investments is the marketing name in Canada for the following affiliated registered entities:  Aberdeen Asset Management Inc., Aberdeen Fund Distributors, LLC, and Aberdeen Asset Management Canada Limited. Aberdeen Asset Management Inc. is registered as a Portfolio Manager in the Canadian provinces of Ontario, New Brunswick, and Nova Scotia and as an Investment Fund Manager in the provinces of Ontario, Quebec, and Newfoundland and Labrador.  Aberdeen Asset Management Canada Limited is registered as a Portfolio Manager in the province of Ontario.  Aberdeen Fund Distributors, LLC, operates as an Exempt Market Dealer in all provinces and territories of Canada.

Standard Life Investments (USA) Limited is registered as an Exempt Market Dealer with the Ontario Securities Commission and as an Investment Adviser with the US Securities and Exchange Commission. Standard Life Investments (Corporate Funds) Limited is registered as an Investment Adviser with the US Securities and Exchange Commission.

Aberdeen Standard Investments is the marketing name in Brazil for Aberdeen Asset Management Inc. and Aberdeen do Brasil Gestão de Recursos Ltda.  Aberdeen do Brasil Gestão de Recursos Ltda. is an entity duly registered with CVM as an investment manager.

Aberdeen Standard Investments offers a variety of products and services intended solely for investors from certain countries or regions. Your country of legal residence will determine the products or services that are available to you. Persons residing outside the United States are invited to visit the Aberdeen Standard Investments website www.aberdeenstandard.com for information about products and services available for them.