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Note according to §34 WPHG to justify possible conflicts of interest: shares that are discussed / mentioned in this article are in the "shareholder depot".The price of the financial instruments is derived from an index as a base value.Börsenmedien AG has developed this index and holds the rights of it.Börsenmedien AG has concluded a license agreement with the issuers of financial instruments Morgan Stanley, HSBC Trinkaus and Vontobel, according to which it gives the issuers a license to use the index.Börsenmedien AG receives remuneration from the issuers.