The views expressed are as of February 2, 2016 and are a general guide to the views of BBH. The opinions expressed are a reflection of BBH’s best judgment at the time this broadcast was recorded or article was written, and any obligation to update or alter forward-looking statements as a result of new information, future events, or otherwise is disclaimed. Neither BBH nor its affiliates provide legal or tax advice. Nothing contained herein is intended as a recommendation to buy or sell any security, or to invest in any particular country, sector or asset class. BBH is not affiliated with Bloomberg.