Important Notice
This document is published for information only and does not have regard to the specific objectives, financial situation and particular needs of any specific person who may receive this document. Such person may wish to seek advice from a financial adviser before committing to purchase securities mentioned in the document. If such person chooses not to do so, he should consider carefully whether the securities are suitable for him. Neither the information nor any opinion constitutes an offer, or an invitation to make an offer, to buy or sell any securities. The information and opinion reflect the views of DBS Asset Management Ltd ("DBSAM") at the time of publication, whose views may change from time to time depending on prevailing economic and financial conditions. The information is published based on information obtained from sources believed to be reliable, but no representation or warranty, express or implied, is made as to its accuracy, completeness, timeliness or correctness for any particular purpose. DBS Bank, DBSAM, or any of the subsidiaries or associate companies of DBS Group Holdings Ltd or their affiliates (collectively "DBS"), their directors and employees may have positions in and may effect transactions in the securities mentioned in this document. Investments in unit trusts managed by DBSAM are generally not deposits with or other obligations of, or guaranteed or insured by DBS. The value of the units and the income accruing to the unit trusts, if any, may fall or rise. Any prediction, projection or forecast on the economy, stock market, bond market or the economic trends of the markets, which are targeted by the unit trusts, is not necessarily indicative of the future or likely performance of the unit trusts. All applications for unit trusts must be made on the application forms accompanying the prospectus (available at DBS & POSB branches) or through other methods of application as described in the prospectus. Investors must read the prospectus before making any investment decision.