Conflicts of Interest Policy

Our commitment

We seek to identify, prevent and manage conflicts of interest that could harm the objectivity of our research or the interests of our clients.

Identifying conflicts

Conflicts may arise between ET&A and a client, between two clients, or where our staff hold positions in covered securities.

Managing conflicts

We manage conflicts through separation of duties, personal-account-dealing rules, and disclosure. Where a conflict cannot be managed adequately, we disclose it clearly.

Disclosure

Material conflicts relevant to a piece of research are disclosed within that research.