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To the extent that you are in the Channel Islands, this content is issued by Cazenove Capital, a trading name of Schroders (C.I.) Ltd which is licensed under the Banking Supervision (Bailiwick of Guernsey) Law 2020, Protection of Investors (Bailiwick of Guernsey) Law 2020, as amended and The Lending, Credit and Finance (Bailiwick of Guernsey) Law, 2022. SCIL is regulated in Guernsey in the conduct of banking, lending and investment business by the Guernsey Financial Services Commission. Registered address at Regency Court, Glategny Esplanade, St. Peter Port, Guernsey GY1 3UF, (No.24546) . Schroders (C.I.) Limited, Jersey Branch is regulated by the Jersey Financial Services Commission in the conduct of investment business. Registered address at IFC1, Esplanade, St Helier, Jersey, JE2 3BX, (No.31076).