BLITA Economic Reports Disclaimer

Bank Leumi USA is a subsidiary of Bank Leumi le-Israel, B.M., an Israeli bank founded in 1902. In the U.S., banking products and services are provided through Bank Leumi USA, and brokerage products and services are generally provided by Leumi Investment Services Inc. Leumi Investment Services Inc. is a member of FINRA (www.finra.org) and SIPC (www.sipc.org), and is a wholly-owned subsidiary of Bank Leumi USA.

Non-deposit investment products offered through Bank Leumi USA and Leumi Investment Services Inc. are:

  • Not insured by the FDIC or any other federal or government entity
  • Not guaranteed by Bank Leumi USA, Bank Leumi le-Israel, B.M., or any other bank
  • Subject to investment risks, including possible loss of the principal amount invested

Any statements in the Economic Review which appear to be factual in nature are based on sources, including published sources, which Bank Leumi USA or Leumi Investment Services Inc. believes to be reliable but which neither has independently verified. Neither Bank Leumi USA nor Leumi Investment Services Inc. makes any guarantee, representation, or warranty as to the accuracy or completeness of such statements. This material is based on public information as of the specified date, and may be stale thereafter. We have no obligation to tell you when information herein may change.

The Economic Review represents the views of its author and does not necessarily represent the views of Bank Leumi USA, Leumi Investment Services Inc., or other units of the Leumi Group (each, a “Leumi Group Unit” and collectively, “Leumi Group Units”). This is not a product of the Research Department of Bank Leumi le-Israel or any Leumi Group Unit. Opinions expressed may differ from those of other divisions of Leumi, including Research. Leumi Investment Services Inc. may trade as principal in instruments identified herein and may accumulate or have accumulated long or short positions in instruments or derivatives thereof. Leumi Investment Services Inc. has developed policies designed to manage conflicts of interests.

This material has been prepared for informational purposes only and is not an offer to buy or sell or a solicitation of any offer to buy or sell any security/instrument, or to participate in any trading strategy. Any such offer would be made only after a prospective investor had completed its own independent investigation of the securities, instruments or transactions, and received all information it required to make its own investment decision, including, where applicable, a review of any offering circular or memorandum describing such security or instrument. That information would contain material information not contained herein and to which prospective participants are referred.

This material should not be viewed as advice or recommendations with respect to asset allocation or any particular investment. The appropriateness of a particular investment or strategy will depend on an investor’s individual circumstances and objectives. We recommend that investors independently evaluate specific investments and strategies, and encourage investors to seek the advice of a financial advisor. The value of and income from investments may vary because of changes in interest rates, foreign exchange rates, default rates, prepayment rates, securities/instruments prices, market indexes, operational or financial conditions of companies and other issuers or other factors. Estimates of future performance are based on assumptions that may not be realized. Actual events may differ from those assumed and changes to any assumptions may have a material impact on any projections or estimates. Other events not taken into account may occur and may significantly affect the projections or estimates. Certain assumptions may have been made for modeling purposes only to simplify the presentation and/or calculation of any projections or estimates, and we do not represent that any such assumptions will reflect actual future events. Accordingly, there can be no assurance that estimated returns or projections will be realized or that actual returns or performance results will not materially differ from those estimated herein.

This report is provided to clients of Bank Leumi USA and Leumi Investment Services Inc. only for your personal, noncommercial use. Except as expressly authorized by us, you may not copy, reproduce, transmit, sell, display, distribute, publish, broadcast, circulate, modify, disseminate or commercially exploit the information contained in this report, in printed, electronic or any other form, in any manner, without our prior express written consent.