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            <video:description>&lt;p&gt;10 marzo 2025&lt;/p&gt;
&lt;p&gt;&lt;/p&gt;
&lt;p&gt;&amp;nbsp;La guerra dei dazi è iniziata e i mercati non l’hanno presa molto bene.&lt;/p&gt;
&lt;p&gt;&lt;/p&gt;
&lt;p&gt;Outlook&amp;nbsp;mensile&amp;nbsp;di mercato&amp;nbsp;a cura di Carlo Benetti, nostro Market Specialist,&amp;nbsp;registrato&amp;nbsp;lo scorso 5 marzo 2025.&lt;/p&gt;
&lt;p&gt;&lt;/p&gt;
&lt;p&gt;&lt;em&gt;Importanti avvertenze legali&lt;/em&gt;&lt;/p&gt;
&lt;p style="text-align: start"&gt;&lt;em&gt;I dati esposti in questo documento hanno unicamente scopo informativo e non costituiscono una consulenza in materia di investimenti. Le opinioni e valutazioni contenute in questo documento possono cambiare e riflettono il punto di vista di GAM nell’attuale situazione congiunturale. Non si assume alcuna responsabilità in quanto all’esattezza e alla completezza dei dati. La performance passata non è un indicatore dell’andamento attuale o futuro .&lt;/em&gt;&lt;/p&gt;
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            <video:description>&lt;p&gt;10 febbraio 2025&lt;/p&gt;
&lt;p&gt;&lt;/p&gt;
&lt;p style="text-align: start"&gt;Ottimismo e pessimismo, rialzismo e ribassismo, lo Yin e lo Yang dei mercati finanziari nel video sull’outlook di mercato del mese di febbraio.&lt;/p&gt;
&lt;p style="text-align: start"&gt;&amp;nbsp;&lt;/p&gt;
&lt;p&gt;Outlook&amp;nbsp;mensile&amp;nbsp;di mercato&amp;nbsp;a cura di Carlo Benetti, nostro Market Specialist,&amp;nbsp;registrato&amp;nbsp;lo scorso 6 febbraio 2025.&lt;/p&gt;
&lt;p style="text-align: start"&gt;&amp;nbsp;&lt;/p&gt;
&lt;p style="text-align: start"&gt;&lt;em&gt;Importanti avvertenze legali&lt;/em&gt;&lt;/p&gt;
&lt;p style="text-align: start"&gt;&lt;em&gt;I dati esposti in questo documento hanno unicamente scopo informativo e non costituiscono una consulenza in materia di investimenti. Le opinioni e valutazioni contenute in questo documento possono cambiare e riflettono il punto di vista di GAM nell’attuale situazione congiunturale. Non si assume alcuna responsabilità in quanto all’esattezza e alla completezza dei dati. La performance passata non è un indicatore dell’andamento attuale o futuro.&lt;/em&gt;&lt;/p&gt;
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            <video:description>&lt;p&gt;10 gennaio 2025&lt;/p&gt;
&lt;p&gt;&lt;/p&gt;
&lt;p&gt;Guardare i mercati con gli occhi di un pilota: il 2025 sarà l’anno della Grande Incertezza, dovremo abituarci a “navigare la volatilità”, come titola l’Outlook 2025 di GAM Investments.&lt;/p&gt;
&lt;p&gt;&lt;/p&gt;
&lt;p&gt;Outlook&amp;nbsp;mensile&amp;nbsp;di mercato&amp;nbsp;a cura di Carlo Benetti, nostro Market Specialist,&amp;nbsp;registrato&amp;nbsp;lo scorso 9 gennaio 2025.&lt;/p&gt;
&lt;p&gt;&lt;/p&gt;
&lt;p&gt;&lt;em&gt;Importanti avvertenze legali&lt;/em&gt;&lt;/p&gt;
&lt;p style="text-align: start"&gt;&lt;em&gt;I dati esposti in questo documento hanno unicamente scopo informativo e non costituiscono una consulenza in materia di investimenti. Le opinioni e valutazioni contenute in questo documento possono cambiare e riflettono il punto di vista di GAM nell’attuale situazione congiunturale. Non si assume alcuna responsabilità in quanto all’esattezza e alla completezza dei dati. La performance passata non è un indicatore dell’andamento attuale o futuro.&lt;/em&gt;&lt;/p&gt;
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&lt;p&gt;Terms of use: &amp;nbsp;&lt;a target="_blank" rel="noopener noreferrer nofollow" href="https://www.gam.com/en/legal/terms-of-use"&gt;&lt;a href="https://www.gam.com/en/legal/terms-of-use"&gt;https://www.gam.com/en/legal/terms-of-use&lt;/a&gt;&lt;/a&gt;&lt;/p&gt;
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            <video:description>&lt;p&gt;4 dicembre 2024&lt;/p&gt;
&lt;p style="text-align: start"&gt;&lt;strong&gt;&amp;nbsp;&lt;/strong&gt;&lt;/p&gt;
&lt;p&gt;Con il Black&amp;nbsp;Friday&amp;nbsp;iniziano le stagioni degli acquisti di Natale e delle previsioni economiche sul nuovo anno ma, su queste ultime, meglio non dare nulla per scontato: nel video le contraddizioni che accompagneranno i mercati nel 2025.&lt;/p&gt;
&lt;p style="text-align: start"&gt;&amp;nbsp;&lt;/p&gt;
&lt;p style="text-align: start"&gt;Outlook&amp;nbsp;mensile&amp;nbsp;di mercato&amp;nbsp;a cura di Carlo Benetti, nostro Market Specialist,&amp;nbsp;registrato&amp;nbsp;lo scorso 3 dicembre 2024.&lt;/p&gt;
&lt;p style="text-align: start"&gt;&amp;nbsp;&lt;/p&gt;
&lt;p style="text-align: start"&gt;&lt;em&gt;Importanti avvertenze legali&lt;/em&gt;&lt;/p&gt;
&lt;p style="text-align: start"&gt;&lt;em&gt;I dati esposti in questo documento hanno unicamente scopo informativo e non costituiscono una consulenza in materia di investimenti. Le opinioni e valutazioni contenute in questo documento possono cambiare e riflettono il punto di vista di GAM nell’attuale situazione congiunturale. Non si assume alcuna responsabilità in quanto all’esattezza e alla completezza dei dati. La performance passata non è un indicatore dell’andamento attuale o futuro.&lt;/em&gt;&lt;/p&gt;
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            <video:description>&lt;p&gt;4 novembre 2024&lt;/p&gt;
&lt;p&gt;Listino americano leader nelle performance ma anche leader ingombrante: i titoli americani rappresentano oltre il 70% dell'indice MSCI World.&lt;/p&gt;
&lt;p&gt;Outlook&amp;nbsp;mensile&amp;nbsp;di mercato&amp;nbsp;a cura di Carlo Benetti, nostro Market Specialist,&amp;nbsp;registrato&amp;nbsp;lo scorso 30 ottobre 2024 prima delle elezioni presidenziali statunitensi.&lt;/p&gt;
&lt;p&gt;&lt;/p&gt;
&lt;p&gt;&lt;em&gt;Importanti avvertenze legali&lt;/em&gt;&lt;/p&gt;
&lt;p style="text-align: start"&gt;&lt;em&gt;I dati esposti in questo documento hanno unicamente scopo informativo e non costituiscono una consulenza in materia di investimenti. Le opinioni e valutazioni contenute in questo documento possono cambiare e riflettono il punto di vista di GAM nell’attuale situazione congiunturale. Non si assume alcuna responsabilità in quanto all’esattezza e alla completezza dei dati. La performance passata non è un indicatore dell’andamento attuale o futuro.&lt;/em&gt;&lt;/p&gt;
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            <video:description>&lt;p&gt;&lt;strong&gt;ASIA PACIFIC CLIENT UPDATE&lt;/strong&gt;&lt;/p&gt;
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&lt;p&gt;GAM Cat Bond Update: Navigating the 2024 Hurricane Season&lt;/p&gt;
&lt;p&gt;&lt;/p&gt;
&lt;p&gt;Privacy policy: &lt;a target="_blank" rel="noopener noreferrer nofollow" href="https://www.gam.com/en/legal/gam-investments-privacy-policies"&gt;&lt;a href="https://www.gam.com/en/legal/gam-investments-privacy-policies"&gt;https://www.gam.com/en/legal/gam-investments-privacy-policies&lt;/a&gt;&lt;/a&gt;&lt;/p&gt;
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            <video:title>Scenario Economico Ottobre 2024</video:title>
            <video:description>&lt;p&gt;2 ottobre 2024&lt;/p&gt;
&lt;p&gt;&lt;/p&gt;
&lt;p&gt;Con l’”uno-due” di Fed e Banca del Popolo il mese di settembre, cominciato sotto il segno del “déjà vu” della correzione di inizio agosto, termina con gli asset rischiosi a nuovi massimi.&lt;/p&gt;
&lt;p style="text-align: start"&gt;&lt;/p&gt;
&lt;p style="text-align: start"&gt;Outlook&amp;nbsp;mensile&amp;nbsp;di mercato&amp;nbsp;a cura di Carlo Benetti, nostro Market Specialist,&amp;nbsp;registrato&amp;nbsp;lo scorso 1 ottobre 2024.&lt;/p&gt;
&lt;p style="text-align: start"&gt;&amp;nbsp;&lt;/p&gt;
&lt;p style="text-align: start"&gt;&lt;em&gt;Importanti avvertenze legali&lt;/em&gt;&lt;/p&gt;
&lt;p style="text-align: start"&gt;&lt;em&gt;I dati esposti in questo documento hanno unicamente scopo informativo e non costituiscono una consulenza in materia di investimenti. Le opinioni e valutazioni contenute in questo documento possono cambiare e riflettono il punto di vista di GAM nell’attuale situazione congiunturale. Non si assume alcuna responsabilità in quanto all’esattezza e alla completezza dei dati. La performance passata non è un indicatore dell’andamento attuale o futuro.&lt;/em&gt;&lt;/p&gt;
&lt;p style="text-align: start"&gt;&amp;nbsp;&lt;/p&gt;
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            <video:description>6 settembre 2024&lt;br /&gt;
Agosto “mese breve”, racchiuso tra la paura di lunedì 5 e le parole di Powell venerdì 23.  Ma proprio la rapidità con cui il mercato ha spazzato via le paure del “lunedì nero” dovrebbe essere di per sé ragione di qualche pensiero.&lt;br /&gt;
Outlook mensile di mercato registrato lo scorso 5 settembre 2024.&lt;br /&gt;
Importanti avvertenze legali&lt;br /&gt;
I dati esposti in questo documento hanno unicamente scopo informativo e non costituiscono una consulenza in materia di investimenti. Le opinioni e valutazioni contenute in questo documento possono cambiare e riflettono il punto di vista di GAM nell’attuale situazione congiunturale. Non si assume alcuna responsabilità in quanto all’esattezza e alla completezza dei dati. La performance passata non è un indicatore dell’andamento attuale o futuro.</video:description>
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    <url>
        <loc>https://videos.gam.com/scenario-economico-luglio-2024</loc>
        <lastmod>2024-07-09</lastmod>
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            <video:title>Scenario Economico Luglio 2024</video:title>
            <video:description>9 luglio 2024
&lt;p&gt;I mercati, indifferenti al simbolismo arcaico del solstizio d’estate come fase di passaggio o nuovo inizio, hanno proseguito la corsa mettendo a segno nuovi record. Nel nuovo semestre le presidenziali USA saranno l’evento politico più importante e fonte di incertezza ma occhio alla palla, l’evoluzione dello scenario economico.&lt;/p&gt;
&lt;p&gt;Outlook mensile di mercato registrato lo scorso 5 luglio 2024.&lt;/p&gt;
&lt;p&gt;Importanti avvertenze legali&lt;br&gt;
I dati esposti in questo documento hanno unicamente scopo informativo e non costituiscono una consulenza in materia di investimenti. Le opinioni e valutazioni contenute in questo documento possono cambiare e riflettono il punto di vista di GAM nell’attuale situazione congiunturale. Non si assume alcuna responsabilità in quanto all’esattezza e alla completezza dei dati. La performance passata non è un indicatore dell’andamento attuale o futuro.&lt;/p&gt;</video:description>
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        <lastmod>2024-07-05</lastmod>
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            <video:family_friendly>yes</video:family_friendly>
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            <video:category>Live2</video:category>
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            <video:tag>sting</video:tag>
            <video:tag>whats up gam</video:tag>
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            <video:title>GAM Webcast - GAM Star Credit Opportunities-20240627</video:title>
            <video:description>Privacy policy: &lt;a href="https://www.gam.com/en/legal/gam-investments-privacy-policies"&gt;&lt;a href="https://www.gam.com/en/legal/gam-investments-privacy-policies"&gt;https://www.gam.com/en/legal/gam-investments-privacy-policies&lt;/a&gt;&lt;/a&gt;&lt;/p&gt;
&lt;p&gt;Terms of use:  &lt;a href="https://www.gam.com/en/legal/terms-of-use"&gt;&lt;a href="https://www.gam.com/en/legal/terms-of-use"&gt;https://www.gam.com/en/legal/terms-of-use&lt;/a&gt;&lt;/a&gt;</video:description>
            <video:publication_date>2024-06-27T12:20:15+00:00</video:publication_date>
            <video:family_friendly>yes</video:family_friendly>
            <video:duration>2785</video:duration>
            <video:category>GAM Star Credit Opportunities Strategy</video:category>
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        <lastmod>2024-10-15</lastmod>
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            <video:title>Private Shares Update - 26-06-24 - Blue</video:title>
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            <video:publication_date>2024-06-26T12:58:36+00:00</video:publication_date>
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            <video:category>GAM LSA Private Shares (AU) Strategy</video:category>
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        <loc>https://videos.gam.com/stockholmhero</loc>
        <lastmod>2024-06-24</lastmod>
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            <video:category>Stock</video:category>
            <video:tag>Hero</video:tag>
            <video:tag>hero video</video:tag>
            <video:tag>sting</video:tag>
            <video:tag>stock</video:tag>
            <video:tag>teaser</video:tag>
        </video:video>
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            <video:tag>massimo de palma</video:tag>
            <video:tag>sting</video:tag>
            <video:tag>whats up gam</video:tag>
        </video:video>
    </url>
    <url>
        <loc>https://videos.gam.com/gam-lsa-private-shares-review-and-5</loc>
        <lastmod>2024-10-15</lastmod>
        <video:video>
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            <video:title>GAM LSA Private Shares – Review and Outlook June 2024</video:title>
            <video:description>Recorded 20-06-2024&lt;/p&gt;
&lt;p&gt;Privacy policy: &lt;a href="https://www.gam.com/en/legal/gam-investments-privacy-policies"&gt;&lt;a href="https://www.gam.com/en/legal/gam-investments-privacy-policies"&gt;https://www.gam.com/en/legal/gam-investments-privacy-policies&lt;/a&gt;&lt;/a&gt;&lt;/p&gt;
&lt;p&gt;Terms of use: &lt;a href="https://www.gam.com/en/legal/terms-of-use"&gt;&lt;a href="https://www.gam.com/en/legal/terms-of-use"&gt;https://www.gam.com/en/legal/terms-of-use&lt;/a&gt;&lt;/a&gt;</video:description>
            <video:publication_date>2024-06-20T11:10:48+00:00</video:publication_date>
            <video:family_friendly>yes</video:family_friendly>
            <video:duration>2441</video:duration>
            <video:category>GAM LSA Private Shares (AU) Strategy</video:category>
        </video:video>
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    <url>
        <loc>https://videos.gam.com/whats-up-gam-20240610sting</loc>
        <lastmod>2024-10-15</lastmod>
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            <video:title>What's up GAM-20240610_Sting</video:title>
            <video:description></video:description>
            <video:publication_date>2024-06-10T10:16:22+00:00</video:publication_date>
            <video:family_friendly>yes</video:family_friendly>
            <video:duration>127</video:duration>
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            <video:tag>massimo de palma</video:tag>
            <video:tag>sting</video:tag>
            <video:tag>whats up gam</video:tag>
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    </url>
    <url>
        <loc>https://videos.gam.com/whats-up-gam-20240610</loc>
        <lastmod>2024-10-15</lastmod>
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            <video:tag>massimo de palma</video:tag>
            <video:tag>whats up gam</video:tag>
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    </url>
    <url>
        <loc>https://videos.gam.com/eleanors-video</loc>
        <lastmod>2024-06-06</lastmod>
        <video:video>
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            <video:title>Eleanor's Video</video:title>
            <video:description>TEST ELEANOR&amp;nbsp;&lt;br&gt;&lt;br&gt;THIS IS A TEST</video:description>
            <video:publication_date>2024-06-06T10:12:18+00:00</video:publication_date>
            <video:family_friendly>yes</video:family_friendly>
            <video:duration>30</video:duration>
            <video:category>Whats up GAM</video:category>
            <video:tag>massimo de palma</video:tag>
            <video:tag>whats up gam</video:tag>
        </video:video>
    </url>
    <url>
        <loc>https://videos.gam.com/scenario-economico-giugno-2024</loc>
        <lastmod>2024-06-03</lastmod>
        <video:video>
            <video:player_loc allow_embed="yes">https://videos.gam.com/v.ihtml/player.html?photo_id=101550753</video:player_loc>
            <video:content_loc>https://videos.gam.com/64968571/101550753/c3a8ab740dc43b9442a0dc73711dbee6/video_medium/scenario-economico-giugno-2024-video.mp4</video:content_loc>
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            <video:title>Scenario Economico Giugno 2024</video:title>
            <video:description>30 maggio 2024&lt;/p&gt;
&lt;p&gt;I mercati hanno ancora voglia di salire, quasi mitridatizzati ai rischi della geopolitica, la morte del presidente iraniano, le tensioni in Medio Oriente, la politica muscolare della Cina nei confronti di Taiwan, non hanno scosso i mercati: l’ottimismo è alimentato dagli utili delle società, in modo particolare quelle del settore tecnologico.&lt;/p&gt;
&lt;p&gt;Outlook mensile di mercato registrato lo scorso 29 maggio 2024.&lt;/p&gt;
&lt;p&gt;Importanti avvertenze legali&lt;br /&gt;
I dati esposti in questo documento hanno unicamente scopo informativo e non costituiscono una consulenza in materia di investimenti. Le opinioni e valutazioni contenute in questo documento possono cambiare e riflettono il punto di vista di GAM nell’attuale situazione congiunturale. Non si assume alcuna responsabilità in quanto all’esattezza e alla completezza dei dati. La performance passata non è un indicatore dell’andamento attuale o futuro.</video:description>
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            <video:duration>468</video:duration>
            <video:category>Scenario Economico</video:category>
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            <video:tag>scenario economico</video:tag>
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            <video:family_friendly>yes</video:family_friendly>
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            <video:category>GAM Sustainable Climate Bond Fund Strategy</video:category>
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    <url>
        <loc>https://videos.gam.com/the-luxury-ecosystem-ensubs</loc>
        <lastmod>2024-10-15</lastmod>
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            <video:category>GAM Luxury Brands Equity Strategy</video:category>
            <video:tag>flavio cereda</video:tag>
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&lt;p&gt;Avrebbe potuto essere il decennio dello sviluppo trasformativo, della lotta alle disuguagliane e al riscaldamento del pianeta, ricorderemo invece questi Anni Venti come il decennio delle occasioni mancate. Nel video di questo mese Carlo Benetti, nostro Market Specialist, commenta la fase di adattamento che stiamo attraversando.&lt;/p&gt;
&lt;p&gt;Outlook mensile di mercato registrato lo scorso 30 aprile 2024.&lt;/p&gt;
&lt;p&gt;Importanti avvertenze legali&lt;br /&gt;
I dati esposti in questo documento hanno unicamente scopo informativo e non costituiscono una consulenza in materia di investimenti. Le opinioni e valutazioni contenute in questo documento possono cambiare e riflettono il punto di vista di GAM nell’attuale situazione congiunturale. Non si assume alcuna responsabilità in quanto all’esattezza e alla completezza dei dati. La performance passata non è un indicatore dell’andamento attuale o futuro.</video:description>
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        <lastmod>2024-04-04</lastmod>
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            <video:description>4 aprile 2024&lt;/p&gt;
&lt;p&gt;Avrebbe potuto essere il decennio dello sviluppo trasformativo, della lotta alle disuguagliane e al riscaldamento del pianeta, ricorderemo invece questi Anni Venti come il decennio delle occasioni mancate. Nel video di questo mese Carlo Benetti, nostro Market Specialist, commenta la fase di adattamento che stiamo attraversando.&lt;/p&gt;
&lt;p&gt;Outlook mensile di mercato registrato lo scorso 3 aprile 2024.&lt;/p&gt;
&lt;p&gt;Importanti avvertenze legali&lt;br /&gt;
I dati esposti in questo documento hanno unicamente scopo informativo e non costituiscono una consulenza in materia di investimenti. Le opinioni e valutazioni contenute in questo documento possono cambiare e riflettono il punto di vista di GAM nell’attuale situazione congiunturale. Non si assume alcuna responsabilità in quanto all’esattezza e alla completezza dei dati. La performance passata non è un indicatore dell’andamento attuale o futuro.</video:description>
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&lt;p&gt;Privacy policy: &lt;a href="https://www.gam.com/en/legal/gam-investments-privacy-policies"&gt;&lt;a href="https://www.gam.com/en/legal/gam-investments-privacy-policies"&gt;https://www.gam.com/en/legal/gam-investments-privacy-policies&lt;/a&gt;&lt;/a&gt;&lt;/p&gt;
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Privacy policy: &lt;a href="https://www.gam.com/en/legal/gam-investments-privacy-policies" title="Link: https://www.gam.com/en/legal/gam-investments-privacy-policies"&gt;https://www.gam.com/en/legal/gam-investments-privacy-policies&lt;/a&gt;&lt;p&gt;&lt;/p&gt;
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&lt;p&gt;“Higher for longer”: lo avevano detto e lo stanno facendo, i verbali della Fed confermano il timore dei banchieri centrali a dichiarare finita la lotta all’inflazione. Video mensile di outlook di mercato a cura di Carlo Benetti, nostro Market Specialist.&lt;/p&gt;
&lt;p&gt;Outlook mensile di mercato registrato lo scorso 28 febbraio 2024.&lt;/p&gt;
&lt;p&gt;Importanti avvertenze legali&lt;br /&gt;
I dati esposti in questo documento hanno unicamente scopo informativo e non costituiscono una consulenza in materia di investimenti. Le opinioni e valutazioni contenute in questo documento possono cambiare e riflettono il punto di vista di GAM nell’attuale situazione congiunturale. Non si assume alcuna responsabilità in quanto all’esattezza e alla completezza dei dati. La performance passata non è un indicatore dell’andamento attuale o futuro.</video:description>
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&lt;p&gt;Outlook mensile di mercato registrato lo scorso 31 gennaio 2024.&lt;/p&gt;
&lt;p&gt;Importanti avvertenze legali&lt;br&gt;
I dati esposti in questo documento hanno unicamente scopo informativo e non costituiscono una consulenza in materia di investimenti. Le opinioni e valutazioni contenute in questo documento possono cambiare e riflettono il punto di vista di GAM nell’attuale situazione congiunturale. Non si assume alcuna responsabilità in quanto all’esattezza e alla completezza dei dati. La performance passata non è un indicatore dell’andamento attuale o futuro.&lt;/p&gt;</video:description>
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            <video:description>1 dicembre 2023&lt;/p&gt;
&lt;p&gt;Il passaggio dal lungo periodo di disinvoltura monetaria a un tempo di rigore non sarà né facile né indolore e questa fase capita in un mercato volatile, incerto e fortemente dipendente dal rischio tasso. Video mensile di outlook di mercato a cura di Carlo Benetti, nostro Market Specialist.&lt;/p&gt;
&lt;p&gt;Outlook mensile di mercato registrato lo scorso 1 dicembre 2023.&lt;/p&gt;
&lt;p&gt;Importanti avvertenze legali&lt;/p&gt;
&lt;p&gt;I dati esposti in questo documento hanno unicamente scopo informativo e non costituiscono una consulenza in materia di investimenti. Le opinioni e valutazioni contenute in questo documento possono cambiare e riflettono il punto di vista di GAM nell’attuale situazione congiunturale. Non si assume alcuna responsabilità in quanto all’esattezza e alla completezza dei dati. La performance passata non è un indicatore dell’andamento attuale o futuro.</video:description>
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&lt;p&gt;L’ultima parte di un anno ricco di sorprese sta generando nuove sorprese, il poker di banche centrali che ha deciso di interrompere il ciclo di aumenti potrebbe segnare la cesura tra un “prima” e un “dopo”, tra la fine della fase di inasprimento dei tassi e una nuova fase tutta da decifrare. Video mensile di outlook di mercato a cura di Carlo Benetti, nostro Market Specialist.&lt;/p&gt;
&lt;p&gt;Outlook mensile di mercato registrato lo scorso 8 Novembre 2023.&lt;/p&gt;
&lt;p&gt;Importanti avvertenze legali&lt;br&gt;
I dati esposti in questo documento hanno unicamente scopo informativo e non costituiscono una consulenza in materia di investimenti. Le opinioni e valutazioni contenute in questo documento possono cambiare e riflettono il punto di vista di GAM nell’attuale situazione congiunturale. Non si assume alcuna responsabilità in quanto all’esattezza e alla completezza dei dati. La performance passata non è un indicatore dell’andamento attuale o futuro.&lt;/p&gt;</video:description>
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