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The content of this website has been prepared by the Valens Research and is provided solely for information purposes only. The information provided is not intended to provide a sufficient basis on which to make an investment decision. Information and opinions presented in this material have been obtained or derived from sources believed by Valens Research to be reliable, but Valens Research makes no representation as to their accuracy or completeness. Valens Research accepts no liability for any loss arising from the use of this material. Any reference to potential asset allocation and potential returns do not represent and should not be interpreted as projections.