Trading & Advisory CHF H41 (58) - Vontobel Holding AG

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oáëâ=j~å~ÖÉãÉåí=C ^Çîáëçêó=ècLfåíK kÉï=fëëìÉë eljb HQN=ERUF=OUP=RTTM HQN=ERUF=OUP=TPQM fpfk `ìêêÉåÅó `çìéçå k~ãÉ j~íìêáíó cáêëí=pÉííäÉ=a~íÉ jççÇóDë pCm mêáÅÉ ^ÅÅK=fåíK aáêíó=mêáÅÉ vqj pt^m dçîáÉ jçÇ=aìê èc=cçêÉáÖå èMNUNVNRTNU èc NKRMM hlob^=absbilmjbkq=_^kh OPKMRKOMNS OPKMRKOMNO NMMKUOM MKMMM NMMKUOM NKOUU NMRKT NOQKR PKUO èMNUQTTTORR èc NKNOR `^fppb=obcfk^k`b=iDe^_fq ONKMVKOMNT OPKMRKOMNO ^~~É NMMKQRM MKMMM NMMKQRM NKMPT SQKO UVKP RKNP èMNUQTUSNQM èc NKRMM kloab^=_^kh=^_ OVKMVKOMNT PNKMRKOMNO ^~OÉ NMNKROM MKORQ NMNKTTQ NKOMQ TVKQ NMRKT RKMV èMNUNVNRTQO èc NKNOR lbh_=lbpqK=hlkqolii_^kh OQKMRKOMNU OQKMRKOMNO ^~~É NMMKURM MKMMM NMMKURM MKVTU QTKN TTKP RKTQ èMNURPPQVTP èc NKMMM i^kpclop^hofkdô=evmlqbh OVKMRKOMNV OVKMRKOMNO ^~~É NMMKOMM MKMMM NMMKOMM MKVTM POKT SSKN SKTM èMNUQTTTOTN èc NKUTR `^fppb=obcfk^k`b=iDe^_fq OPKMRKOMOO OPKMRKOMNO ^~~É NMNKRMM MKMMM NMNKRMM NKTNN TUKM NNPKU UKVO èMNUNVNRTPQ èc NKTRM lbh_=lbpqK=hlkqolii_^kh OQKMRKOMOP OQKMRKOMNO ^~~É NMNKQRM MKMMM NMNKQRM NKSMR RVKM VRKT VKUM èMNUQTUSNOQ èc NKSOR brolmb^k=fksbpqjbkq=_^kh MOKMQKOMOS ONKMRKOMNO NMMKUPM MKOON NMNKMRN NKRRU QOKV TSKT NOKPO èMNURVMTMUP èc NKPTR jrkf`fmîfqv=cfk^k`b=mi` MUKMSKOMOT MUKMSKOMNO ^~~É NMNKQMM MKMMM NMNKQMM NKOTO UKU QPKN NPKPT èc=açãÉëíáÅ èMNUQVUTTUV èc RKMMM jbvbo=_rodbo=qbèklildv OQKMRKOMNT OQKMRKOMNO NMMKTMM MKMMM NMMKTMM QKUPV QQOKO QTNKU QKNR èMNUQVNNVMQ èc MKRMM `^kqlk=lc=dbkbs^ OVKMRKOMNT OVKMRKOMNO NMMKRMM MKMMM NMMKRMM MKPVV QKT OTKT QKVQ èMNURORUONQ èc NKORM mc^ka_ofbc=pèt=h^kq_h MPKMOKOMOO ONKMRKOMNO NMOKNVM MKPTR NMOKRSR NKMNO NMKR QSKP VKMV èMNURTRQPRO èc NKNOR `fqv=lc=ird^kl MNKMSKOMOO MNKMSKOMNO NMMKTMM MKMMM NMMKTMM NKMRN NMKQ QTKS VKPR èMNUQVNNVRP èc NKORM `^kqlk=lc=dbkbs^ OVKNOKOMOO OVKMRKOMNO NMNKOMM MKMMM NMNKOMM NKNOV NPKT RMKQ VKUS èMNURUPNPSS èc NKORM `fqv=lc=i^rp^kkb MTKMSKOMOQ MTKMSKOMNO NMMKPRM MKMMM NMMKPRM NKONU NPKU ROKN NNKMM èMNUQVNNVSN èc NKRMM `^kqlk=lc=dbkbs^ OUKMRKOMOT OVKMRKOMNO NMNKQMM MKMMM NMNKQMM NKPVS NUKU RRKT NPKOM èMNURRTTUPT èc NKQRM _^kn=`^kqlkîb=cof_lrod MTKMSKOMOT MTKMSKOMNO NMNKQPM MKMMM NMNKQPM NKPQQ NQKT RMKQ NPKOV èMNURTRQNSO èc NKORM bjfp=crbo=dbj=tlek_^rq NRKMSKOMOT NRKMSKOMNO NMNKTQM MKMMM NMNKTQM NKNOP JTKT OUKO NPKRQ èMNURORUOOO èc NKRMM mc^ka_ofbc=pèt=h^kq_h ONKMRKOMOV ONKMRKOMNO ^~~É NMOKPQM MKMMM NMOKPQM NKPQR NPKM QNKS NQKTR èMNUQRQMVPR èc OKMMM wrboèbo=h^kqlkî_^kh PMKNNKOMPQ NUKMRKOMNO NNOKNRM MKVPP NNPKMUP NKPSV NMKV PVKO NUKOQ èMNUQSPSVNR èc NKSMM ^ôd^rfpèb=h^kqlkî_^kh NUKMRKOMPT NUKMRKOMNO NMPKVRM MKMMM NMPKVRM NKQNN NPKR QPKO OMKPM èMNURTNOUOO èc NKRMM wrdbo=h^kqlkî_^kh MRKMSKOMPT MRKMSKOMNO åç=çÑÑÉê MKMMM bro upMTUOSVORNM bro NKPTR `^qbomfiiô=fkqi=cfk=iqa NUKMRKOMNR NUKMRKOMNO ÔÉ ^ NMMKTQM MKMMM NMMKTQM NKNOP VKP NNRKT OKUV upMTUOTMUQRS bro NKUTR slihpt^dbk=fkqi=cfk=ks NRKMRKOMNT NRKMRKOMNO ^P ^J NMMKNRQ MKMNM NMMKNSQ NKUQO QUKR NTOKQ QKTP abMMM^NmdmcU bro PKTRM pfuq=^d NSKMRKOMNU NSKMRKOMNO NMMKNUM MKMNM NMMKNVM PKTNS OONKP PRNKP RKOU upMTUOSVTMTN bro PKPTR lb__=fkco^pqorhqro=^d NUKMRKOMPO NSKMRKOMNO ^~~É NMNKTPM MKMMV NMNKTPV PKORS VUKO OPNKS NPKVU rpa rpQRVOMMeaSN rpa MKTRM f_j=`lom NNKMRKOMNR NNKMRKOMNO ^~PÉ ^H VVKUST MKMNP VVKUUM MKTVR NOKM UPKO OKVQ upMTUOQSNUVM rpa NKORM kotK_^kh NRKMRKOMNR NRKMRKOMNO ^~N ^^J VVKVPM MKMMT VVKVPT NKOTQ RSKM NPMKV OKVO upMTUPMONSMO rpa MKPTR hfkdalj=lc=ptbabk NUKMRKOMNR NUKMRKOMNO VVKSQM MKMMM VVKSQM MKQVS JONKM RPKM OKVT rpOROQPvôMV rpa NKRMM af^dbl=`^mfqî=mi` NNKMRKOMNT NNKMRKOMNO ^P ^J NMMKMRN MKMOR NMMKMTS NKQUV QOKO NPTKN QKTT rpMPNNSO_nOQ rpa OKNOR ^jdbk=fk` NRKMRKOMNT NRKMRKOMNO _~~N ^H NMMKNOS MKMNO NMMKNPU OKMVU NMNKN NVTKV QKSV rpMTPTPMâRU rpa NKUTR _b^j=fk` NRKMRKOMNT ONKMRKOMNO _~~O ___J NMMKRNM MKMMM NMMKRNM NKTST SUKS NSQKU QKTP NQKMRKOMNO
fpfk `ìêêÉåÅó `çìéçå k~ãÉ j~íìêáíó cáêëí=pÉííäÉ=a~íÉ jççÇóDë pCm mêáÅÉ ^ÅÅK=fåíK aáêíó=mêáÅÉ vqj pt^m dçîáÉ jçÇ=aìê rpMUQSSQ_pVV rpa NKSMM _bohpefob=e^qe^t^v=cfk NRKMRKOMNT NRKMRKOMNO ^~O ^^H NMMKSPO MKMMV NMMKSQN NKQSU QNKT NPQKV QKTT rpORNTVj^jRR rpa NKUTR abslk=bkbodv=`lomlo^qflk NRKMRKOMNT NQKMRKOMNO _~~N ___H NMMKNUM MKMNS NMMKNVS NKUPT TVKS NTNKU QKTP rpQRVOMMebQR rpa NKUTR f_j=`lom NRKMRKOMNV NNKMRKOMNO ^~PÉ ^H NMMKNRN MKMPN NMMKNUO NKURO PRKR NRQKS SKRM rpOROQR_^_PS rpa OKUTR af^dbl=fksbpqjbkq=`lom NNKMRKOMOO NNKMRKOMNO ^P ^J NMMKROM MKMQU NMMKRSU OKUNQ URKO OOQKQ UKRU rpORNTVj^mUS rpa PKORM abslk=bkbodv=`lomlo^qflk NRKMRKOMOO NQKMRKOMNO _~~N ___H NMMKOMM MKMOT NMMKOOT PKOOS NOUKU OSRKR UKQO rpSOMMTS__QO rpa PKTRM jlqloli^=plirqflkp=fk` NRKMRKOMOO NRKMRKOMNO _~~OÉ ___ VUKVTM MKMON VUKVVN PKUTS NURKP PPMKR UKNV rpMPNNSO_kVO rpa PKSOR ^jdbk=fk` NRKMRKOMOO NRKMRKOMNO _~~N ^H NMMKOQP MKMOM NMMKOSP PKRVS NSQKR PMOKQ UKOS rpORQTMa^cSV rpa PKPMM afp`lsbov=`ljjrkf`^qflkp NRKMRKOMOO NTKMRKOMNO _~~O ___ VVKTVM MKMMM VVKTVM PKPOR NPQKR OTRKQ UKPV rpMTPTPM^bPO rpa PKORM _b^j=fk` NRKMRKOMOO ONKMRKOMNO _~~O ___J NMMKPUS MKMMM NMMKPUS PKOMQ NOSKM OSPKP UKQO rpMUQSSQ_qTO rpa PKMMM _bohpefob=e^qe^t^v=cfk NRKMRKOMOO NRKMRKOMNO ^~O ^^H NMMKONM MKMNT NMMKOOT OKVTR NMRKR OQMKQ UKRP upMTUOTOMQMO rpa QKPTR pils^h=obmr_if` ONKMRKOMOO ONKMRKOMNO ÔÉ ^ VUKTMM MKMMM VUKTMM QKRQM OSOKN PVSKT TKSN rpOROQR_^^RO rpa QKORM af^dbl=fksbpqjbkq=`lom NNKMRKOMQO NNKMRKOMNO ^P ^J NMOKMMM MKMTN NMOKMTN QKNPO NQPKM POMKV NSKVM rpORQTMa^dQP rpa QKVRM afp`lsbov=`ljjrkf`^qflkp NRKMRKOMQO NTKMRKOMNO _~~O ___ NMNKMSM MKMMM NMNKMSM QKUUO ONTKP PVRKU NRKRP rpMUQSSQ_rQS rpa QKQMM _bohpefob=e^qe^t^v=cfk NRKMRKOMQO NRKMRKOMNO ^~O ^^H VVKQRO MKMOQ VVKQTS QKQPP NTPKT PRNKM NSKQQ rpORNTVj^kPV rpa QKTRM abslk=bkbodv=`lomlo^qflk NRKMRKOMQO NQKMRKOMNO _~~N ___H NMMKVQM MKMQM NMMKVUM QKSVN OMPKR PTSKT NRKUU d_m upMTUPOSMURP d_m NKTRM a^fjibo=fkqi=cfk^k`b=_s ONKMRKOMNQ ONKMRKOMNO ^PÉ VVKVUM MKMMM VVKVUM NKTSM PVKQ NUSKP NKVP ^ra upMTUOSVVPSS ^ra QKRMM jbo`babpJ_bkw=^rpqoîf^ NUKMRKOMNR NUKMRKOMNO NMMKOSM MKMMM NMMKOSM QKQMS NMPKQ QQQKM OKSQ upMTUORUOUQQ ^ra RKMMM o^_l_^kh=kbaboi^ka=^r OTKMTKOMNS OOKMRKOMNO ^~~É VVKTNM MKMMM VVKTNM RKMTQ NQVKR RMNKS PKRS kwa upMTUOVVSMSV kwa QKORM _h=kbaboi^kapb=dbjbbkqbk ORKMRKOMNT ORKMRKOMNO VVKQRM MKMMM VVKQRM QKPTR NNPKN QORKQ QKOR klh upMTUNRUROOU klh OKUTR hljjrkî_^khbk=^p NSKMRKOMNT NSKMRKOMNO ^~~É NMMKMOM MKMNS NMMKMPS OKUTN JVKV OTRKO QKRV upMTUNTTVQOR klh PKMMM iJ_^kh=_t=clboabo_^kh OOKMRKOMNT OOKMRKOMNO VVKTRM MKMMM VVKTRM PKMRR TKM OVPKQ QKQS upMTUPUNNSTN klh PKSOR abrqpèb=qbibhlj=^d OOKMRKOMNT OOKMRKOMNO _~~NÉ VVKVOM MKMMM VVKVOM PKSQP PROKP QKPR `kv upMTUPMMUTSR `kv OKMMM hct ONKMRKOMNQ ONKMRKOMNO ^~~É NMMKNRM MKMMM NMMKNRM NKVOP JNMPKS OMOKS NKVO bjbodfkd=jôhbqp upMSROVNNQOM rpa SKUTR dblodf^k=lfi=C=d^p=`lom NSKMRKOMNT NSKMRKOMNO VVKPRM MKMNV VVKPSV TKMPQ RURKP SVNKR QKNM rpvVPSSi^^PS rpa UKMMM sk=gp`=_h=clo=fka=C=qoâ NTKMRKOMNT NTKMRKOMNO _N _H VUKTRM MKMMM VUKTRM UKPNS TMUKR UNVKS PKVU upMTUPOVNOON rpa RKSOR d^wmolj_h=Edm_=cfk^k`bF NTKMRKOMNT NTKMRKOMNO _~~PÉ NMMKOMM MKMMM NMMKOMM RKRTU QQUKS RQRKV QKOS rpdUNUVv^ÔO rpa OKTRM pfklmb`=dom=lsbopb^=OMNO NTKMRKOMNT NTKMRKOMNO ^~PÉ ^H NMMKNVP MKMMM NMMKNVP OKTMU NSNKO ORUKV QKSN upMTUPOQOUTT rpa SKVRM pfpqbj^=fkqi=crkafkd=p^ NTKMRKOMNV NUKMRKOMNO NMMKMMM MKMMM NMMKMMM SKVRM RQMKP SSQKQ RKQM rpkMNTSS^^TP rpa SKRMM ^gb=dolrm NQKMRKOMOO NQKMRKOMNO NMNKQRM MKMRQ NMNKRMQ SKPMM QRSKP RTOKV TKON rpdUNUVv^_MR rpa PKVMM pfklmb`=dom=lsbopb^=OMNO NTKMRKOMOO NTKMRKOMNO ^~PÉ NMMKRPN MKMMM NMMKRPN PKUPR NVMKM POSKP UKNS rpdUNUVv^ÙT rpa QKUTR pfklmb`=dom=lsbopb^=OMNO NTKMRKOMQO NTKMRKOMNO ^~PÉ NMMKSMM MKMMM NMMKSMM QKUPT ONOKP PVNKP NRKSQ NQKMRKOMNO
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Trading & Advisory CHF H41 (58) - Vontobel Holding AG

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