Disclaimer

Underlying Inflation Sagl (LLC) is a company registered in Switzerland that develops and applies proprietary statistical and econometric models for research and consultancy purposes.

The models developed by Underlying Inflation Sagl rely exclusively on publicly available information and do not have access to nonpublic, confidential or privileged information. In particular, Underlying Inflation Sagl has no access to classified or confidential documents, data or communications belonging to any central bank, public authority or other institution. All estimates, forecasts, assessments and conclusions are independently inferred from publicly available data, documents, research papers, official publications, speeches and other public sources.

Underlying Inflation Sagl does not engage in discretionary portfolio management, direct money management, trade execution or the custody of client assets. The company provides research and consultancy services only. Its publications, model outputs and communications are supplied for informational and analytical purposes and do not constitute investment advice, an offer, a solicitation or a recommendation to buy, sell or hold any financial instrument.

Although Underlying Inflation Sagl seeks to use reliable sources and rigorous statistical methods, estimates and forecasts remain subject to uncertainty, model error, data revisions and changes in economic conditions. No representation or warranty is made regarding their completeness, accuracy or future performance, and users remain solely responsible for any decisions taken on the basis of the information provided.