Public Policy Holding Company, Inc. (PPHC)
Washington, DC, US
Public Policy Holding Company, Inc. is a global strategic communications provider that offers a range of advisory services in government relations, public affairs, and corporate communications. The company supports clients in enhancing and defending their reputations, advancing policy objectives, and managing regulatory risk. It serves over 1,400 clients, including nearly half of the Fortune 100, across major sectors like healthcare, financial services, and technology.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.81% | -4.90% | -20.20% | -10.52% | -1.95% | -1.95% | -1.95% | -1.95% | -1.95% | -1.95% | -1.95% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 3 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
| Period | # Analysts | Avg Target |
|---|---|---|
| Last Month | — | — |
| Last Quarter | 2 |
17.00
+104.8%
|
| Last Year | 2 |
17.00
+104.8%
|
| All Time | 2 |
17.00
+104.8%
|
-
Revenue growth Specialty Business Services: +7.6%+27.4% ★ Q1'26: +27.2% (vs Q3'24)
-
EPS growth Specialty Business Services: +24.4%-1,028.6%
-
FCF margin FCF growth · Specialty Business Services: +27.6%-24.0% Q1'26: -24.3% (vs Q3'24)
-
EBIT margin Specialty Business Services: +9.0%-16.7% Q1'26: -3.3% (vs Q3'24)
-
ROIC Specialty Business Services: +7.8%-25.4% Q1'26: -4.7% (vs Q3'24)
-
Share dilution Specialty Business Services: +0.4%-84.4% ★
-
Debt / EBITDA Net debt/EBITDA · Specialty Business Services: -0.21×-3.51× Q1'26: 15.09× (vs Q3'24)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 2 Rev. Ana. 2 EPS Ana. |
Dec 2027 2 Rev. Ana. 2 EPS Ana. |
Dec 2028 2 Rev. Ana. 1 EPS Ana. |
Dec 2029 1 Rev. Ana. 1 EPS Ana. |
Dec 2030 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|
| Revenue |
146.44M
est: 149.57M (-2.1%)
|
186.54M
est: 186.54M (+0.0%)
|
206.35M
205.78M – 206.97M
+10.6% YoY
|
217.70M
217.11M – 218.36M
+5.5% YoY
|
230.50M
229.87M – 231.20M
+5.9% YoY
|
245.90M
245.23M – 246.64M
+6.7% YoY
|
258.40M
257.69M – 259.18M
+5.1% YoY
|
| EBITDA |
-6.50M
est: -5.64M (-15.2%)
|
-19.50M
est: -7.03M (-177.3%)
|
-7.78M
-7.80M – -7.75M
-10.6% YoY
|
-8.20M
-8.23M – -8.18M
-5.5% YoY
|
-8.69M
-8.71M – -8.66M
-5.9% YoY
|
-9.27M
-9.29M – -9.24M
-6.7% YoY
|
-9.74M
-9.77M – -9.71M
-5.1% YoY
|
| EBIT |
-15.19M
est: -15.21M (+0.2%)
|
-31.20M
est: -18.97M (-64.5%)
|
-20.99M
-21.05M – -20.93M
-10.6% YoY
|
-22.14M
-22.21M – -22.08M
-5.5% YoY
|
-23.44M
-23.51M – -23.38M
-5.9% YoY
|
-25.01M
-25.08M – -24.94M
-6.7% YoY
|
-26.28M
-26.36M – -26.21M
-5.1% YoY
|
| Net Income |
-23.46M
est: 18.54M (-226.5%)
|
-39.00M
est: 24.03M (-262.3%)
|
20.51M
20.43M – 20.58M
-14.7% YoY
|
22.11M
22.03M – 22.20M
+7.8% YoY
|
23.05M
22.96M – 23.14M
+4.2% YoY
|
25.68M
25.58M – 25.78M
+11.4% YoY
|
26.03M
25.93M – 26.13M
+1.4% YoY
|
| SGA |
15.66M
est: 39.39M (-60.2%)
|
31.79M
est: 49.13M (-35.3%)
|
54.34M
54.20M – 54.51M
+10.6% YoY
|
57.34M
57.18M – 57.51M
+5.5% YoY
|
60.71M
60.54M – 60.89M
+5.9% YoY
|
64.76M
64.58M – 64.96M
+6.7% YoY
|
68.05M
67.87M – 68.26M
+5.1% YoY
|
| EPS |
-0.21
est: 1.06 (-119.8%)
|
-2.37
est: 1.38 (-272.3%)
|
1.17
1.17 – 1.18
-14.7% YoY
|
1.27
1.26 – 1.27
+7.8% YoY
|
1.32
1.31 – 1.32
+4.2% YoY
|
1.47
1.46 – 1.48
+11.4% YoY
|
1.49
1.48 – 1.50
+1.4% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-19 | C | 2/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 2/5 |
| 2026-05-18 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-15 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-14 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-13 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-12 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-11 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-08 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-07 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-06 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-05 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-04 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-01 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-30 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-29 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-28 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-27 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-24 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-23 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-22 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-21 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-20 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-17 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-16 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
Owner Earnings
Ownership Overview
No beneficial ownership filings recorded.
Institutional Activity (13F)
| # | Investor | Shares / Δ | Mkt value / Δ | Own% / Δ | Weight% / Δ | Avg px / Perf. | Hold / Status |
|---|---|---|---|---|---|---|---|
| 1 | CANOE FINANCIAL LP | 1.02M +1.0M (+100.0%) | 12.40M +12.4M (+100.0%) | 1.17% +1.171 pp | 0.17% +0.169 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 2 | JENNISON ASSOCIATES LLC | 871.8K +871.8K (+100.0%) | 11.40M +11.4M (+100.0%) | 1.00% +1.002 pp | 0.01% +0.008 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 3 | ROYCE & ASSOCIATES LP | 669.0K +669.0K (+100.0%) | 8.75M +8.8M (+100.0%) | 0.77% +0.769 pp | 0.09% +0.086 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 4 | WASATCH ADVISORS LP | 603.0K +603.0K (+100.0%) | 7.80M +7.8M (+100.0%) | 0.69% +0.693 pp | 0.05% +0.052 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 5 | RUSSELL INVESTMENTS GROUP, LTD. | 551.5K +551.5K (+100.0%) | 7.21M +7.2M (+100.0%) | 0.63% +0.634 pp | 0.01% +0.008 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 6 | ANCORA ADVISORS, LLC | 530.2K +530.2K (+100.0%) | 6.94M +6.9M (+100.0%) | 0.61% +0.609 pp | 0.15% +0.148 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 7 | THOMPSON SIEGEL & WALMSLEY LLC | 353.0K +353.0K (+100.0%) | 4.62M +4.6M (+100.0%) | 0.41% +0.406 pp | 0.08% +0.081 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 8 | CREATIVE PLANNING | 223.7K +223.7K (+100.0%) | 2.93M +2.9M (+100.0%) | 0.26% +0.257 pp | 0.00% +0.002 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 9 | BLACKROCK, INC. | 201.8K +201.8K (+100.0%) | 2.64M +2.6M (+100.0%) | 0.23% +0.232 pp | 0.00% +0.000 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 10 | GRAHAM CAPITAL WEALTH MANAGEMENT, LLC | 188.6K +188.6K (+100.0%) | 2.47M +2.5M (+100.0%) | 0.22% +0.217 pp | 2.19% +2.191 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 11 | CITADEL ADVISORS LLC | 127.1K +127.1K (+100.0%) | 1.66M +1.7M (+100.0%) | 0.15% +0.146 pp | 0.00% +0.000 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 12 | GEODE CAPITAL MANAGEMENT, LLC | 107.8K +107.8K (+100.0%) | 1.41M +1.4M (+100.0%) | 0.12% +0.124 pp | 0.00% +0.000 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 13 | — | 82.0K +82.0K (+100.0%) | 1.07M +1.1M (+100.0%) | 0.09% +0.094 pp | 0.00% +0.000 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 14 | BOSTON PARTNERS | 90.8K +90.8K (+100.0%) | 971.9K +971.9K (+100.0%) | 0.10% +0.104 pp | 0.00% +0.001 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 15 | GHISALLO CAPITAL MANAGEMENT LLC | 60.0K +60.0K (+100.0%) | 784.8K +784.8K (+100.0%) | 0.07% +0.069 pp | 0.02% +0.022 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 16 | MANATUCK HILL PARTNERS, LLC | 50.8K +50.8K (+100.0%) | 664.5K +664.5K (+100.0%) | 0.06% +0.058 pp | 0.18% +0.179 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 17 | STATE STREET CORP | 49.1K +49.1K (+100.0%) | 642.2K +642.2K (+100.0%) | 0.06% +0.056 pp | 0.00% +0.000 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 18 | KORNITZER CAPITAL MANAGEMENT INC /KS | 48.9K +48.9K (+100.0%) | 639.4K +639.4K (+100.0%) | 0.06% +0.056 pp | 0.01% +0.014 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 19 | NORTHERN TRUST CORP | 31.1K +31.1K (+100.0%) | 406.2K +406.2K (+100.0%) | 0.04% +0.036 pp | 0.00% +0.000 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 20 | OPPENHEIMER ASSET MANAGEMENT INC. | 26.7K +26.7K (+100.0%) | 349.5K +349.5K (+100.0%) | 0.03% +0.031 pp | 0.00% +0.004 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 21 | STATE OF TENNESSEE, TREASURY DEPARTMENT | 25.0K +25.0K (+100.0%) | 327.4K +327.4K (+100.0%) | 0.03% +0.029 pp | 0.00% +0.001 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 22 | UNIVERSAL- BETEILIGUNGS- UND SERVICEGESELLSCHAFT MBH | 23.1K +23.1K (+100.0%) | 301.8K +301.8K (+100.0%) | 0.03% +0.027 pp | 0.00% +0.001 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 23 | XTX TOPCO LTD | 19.3K +19.3K (+100.0%) | 252.2K +252.2K (+100.0%) | 0.02% +0.022 pp | 0.00% +0.004 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 24 | TWO SIGMA INVESTMENTS, LP | 18.3K +18.3K (+100.0%) | 238.7K +238.7K (+100.0%) | 0.02% +0.021 pp | 0.00% +0.000 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 25 | GOLDMAN SACHS GROUP INC | 15.1K +15.1K (+100.0%) | 198.0K +198.0K (+100.0%) | 0.02% +0.017 pp | 0.00% +0.000 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 26 | KEYBANK NATIONAL ASSOCIATION/OH | 11.9K +11.9K (+100.0%) | 155.6K +155.6K (+100.0%) | 0.01% +0.014 pp | 0.00% +0.001 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 27 | FRANKLIN RESOURCES INC | 11.7K +11.7K (+100.0%) | 153.4K +153.4K (+100.0%) | 0.01% +0.014 pp | 0.00% +0.000 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 28 | MORGAN STANLEY | 9.6K +9.6K (+100.0%) | 125.8K +125.8K (+100.0%) | 0.01% +0.011 pp | 0.00% +0.000 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 29 | VANGUARD FIDUCIARY TRUST CO | 9.5K +9.5K (+100.0%) | 124.5K +124.5K (+100.0%) | 0.01% +0.011 pp | 0.00% +0.000 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 30 | FMR LLC | 4.7K +4.7K (+100.0%) | 61.5K +61.5K (+100.0%) | 0.01% +0.005 pp | 0.00% +0.000 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 31 | UBS GROUP AG | 3.7K +3.7K (+100.0%) | 48.1K +48.1K (+100.0%) | 0.00% +0.004 pp | 0.00% +0.000 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 32 | RHUMBLINE ADVISERS | 3.3K +3.3K (+100.0%) | 43.4K +43.4K (+100.0%) | 0.00% +0.004 pp | 0.00% +0.000 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 33 | VANGUARD GLOBAL ADVISERS, LLC | 2.7K +2.7K (+100.0%) | 35.2K +35.2K (+100.0%) | 0.00% +0.003 pp | 0.00% +0.000 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 34 | MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. | 2.0K +2.0K (+100.0%) | 25.6K +25.6K (+100.0%) | 0.00% +0.002 pp | 0.00% +0.000 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 35 | NEW YORK STATE COMMON RETIREMENT FUND | 1.9K +1.9K (+100.0%) | 25.2K +25.2K (+100.0%) | 0.00% +0.002 pp | 0.00% +0.000 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 36 | JPMORGAN CHASE & CO | 1.7K +1.7K (+100.0%) | 22.0K +22.0K (+100.0%) | 0.00% +0.002 pp | 0.00% +0.000 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 37 | WELLS FARGO & COMPANY/MN | 1.6K +1.6K (+100.0%) | 20.4K +20.4K (+100.0%) | 0.00% +0.002 pp | 0.00% +0.000 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 38 | BARCLAYS PLC | 1.0K +1.0K (+100.0%) | 13.1K +13.1K (+100.0%) | 0.00% +0.001 pp | 0.00% +0.000 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 39 | TOWER RESEARCH CAPITAL LLC (TRC) | 966.00 +966.0 (+100.0%) | 12.6K +12.6K (+100.0%) | 0.00% +0.001 pp | 0.00% +0.000 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 40 | BNP PARIBAS ARBITRAGE, SNC | 900.00 +900.0 (+100.0%) | 11.8K +11.8K (+100.0%) | 0.00% +0.001 pp | 0.00% +0.000 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 41 | FIFTH THIRD BANCORP | 407.00 +407.0 (+100.0%) | 5.3K +5.3K (+100.0%) | 0.00% +0.001 pp | 0.00% +0.000 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 42 | LEGAL & GENERAL GROUP PLC | 371.00 +371.0 (+100.0%) | 4.9K +4.9K (+100.0%) | 0.00% +0.000 pp | 0.00% +0.000 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 43 | AMERITAS INVESTMENT PARTNERS, INC. | 345.00 +345.0 (+100.0%) | 4.5K +4.5K (+100.0%) | 0.00% +0.000 pp | 0.00% +0.000 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 44 | CITIGROUP INC | 208.00 +208.0 (+100.0%) | 2.5K +2.5K (+100.0%) | 0.00% +0.000 pp | 0.00% +0.000 pp | USD13.08 +0.0% | 1 qtrs NEW |
| 45 | ADVISORY SERVICES NETWORK, LLC | 99.00 +99.0 (+100.0%) | 1.3K +1.3K (+100.0%) | 0.00% +0.000 pp | 0.00% +0.000 pp | USD13.07 +0.1% | 1 qtrs NEW |
| 46 | STERLING CAPITAL MANAGEMENT LLC | 84.00 +84.0 (+100.0%) | 1.1K +1.1K (+100.0%) | 0.00% +0.000 pp | 0.00% +0.000 pp | USD13.07 +0.1% | 1 qtrs NEW |
| 47 | ROYAL BANK OF CANADA | 82.00 +82.0 (+100.0%) | 1.0K +1.0K (+100.0%) | 0.00% +0.000 pp | 0.00% +0.000 pp | USD13.07 +0.1% | 1 qtrs NEW |
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | iShares Micro-Cap ETF IWC | 0.01% | 123.5K | 0.60% |
| 2 | iShares Russell 2000 Growth ETF IWO | 0.00% | 344.3K | 0.24% |
| 3 | Vanguard Russell 2000 ETF VTWO | 0.00% | 219.2K | 0.06% |
| 4 | Invesco Russell 2000 UCITS ETF RTYS.L | 0.00% | 3.9K | 0.25% |
| 5 | iShares Russell 2000 BuyWrite ETF IWMW | 0.00% | 678.71 | 0.39% |
| 6 | iShares Russell 2000 ETF IWM | 0.00% | 994.9K | 0.19% |
| 7 | iShares U.S. Small Cap Index ETF (CAD-Hedged) XSU.TO | 0.00% | 6.5K | 0.36% |
| 8 | Vanguard Russell 2000 Growth ETF VTWG | 0.00% | 19.8K | 0.06% |
| 9 | Global X - Russell 2000 ETF RSSL | 0.00% | 17.0K | 0.08% |
| 10 | Vanguard Russell 2000 Value ETF VTWV | 0.00% | 13.0K | 0.06% |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| George Stewart Hall | CEO & Director | 857.9K | male |
| Roeland Jozef Bernard Smits | CFO & Director | 658.1K | male |
| Neal Howard Strum | Chief Legal Officer | 602.8K | male |
| Keenan Nealean Austin Reed | Senior Advisor & Executive Director | — | female |
| Matthew Mazzanti | Chief Administrative Officer | — | male |
| Johnson McCallum Green | Chief Client Officer | — | male |
| Paula Conner Thrasher | Vice President of Accounting Operations | — | female |
| Jill Agnes Gillespie Kendrick | COO & Company Secretary | — | female |
| Ronald J. Starzman Jr. | Executive Vice President of Human Resources | — | male |
| Thomas Edward Gensemer | Chief Strategy Officer | — | male |
| Zachary Wayne Williams | Executive Director | — | male |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for PPHC
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

MSCI World Index (MSC)
NASDAQ Composite (NASDAQ)
FTSE China A50 Index (FGI)
STOXX Europe 600 (SIX)
Nikkei 300 (OSA)
NIFTY 50 (NSE)
DAX Performance Index (XETRA)
FTSE 100 (FGI)
CAC 40 (EURONEXT)
