Code of Ethics

Act with integrity, competence, diligence and respect toward clients, prospective clients, colleagues and capital-market participants.

Place the integrity of the investment profession and clients’ interests above personal interests.

Exercise independent professional judgment and reasonable care in analysis, recommendations and investment actions.

Practice and encourage professional, ethical conduct that reflects credit on the profession.

Promote the integrity and viability of global capital markets for society’s benefit.

Maintain and improve professional competence and encourage the competence of other investment professionals.