European Equities Quarterly Update - February 2024

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Due to its simplification, this document is partial and opinions, estimates and forecasts herein are subjective and subject to change without notice. There is no guarantee forecasts made will come to pass. Data, figures, declarations, analysis, predictions and other information in this document is provided based on our state of knowledge at the time of creation of this document. Whilst every care is taken, no representation or warranty (including liability towards third parties), express or implied, is made as to the accuracy, reliability or completeness of the information contained herein. Reliance upon information in this material is at the sole discretion of the recipient. This material does not contain sufficient information to support an investment decision.

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In other jurisdictions, this document is issued by AXA Investment Managers SA’s affiliates in those countries.

The value of investments, and the income from them, can fall as well as rise and investors may not get back the amount originally invested.