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The Macro Compass: Q1 2025

5/2/2025

Negative Tariff Turbulence with Perspective

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The content includes the opinions of Clough Capital and does not constitute investment advice, an offer to sell, or the solicitation of any offer to buy, and should not be relied upon for any investment decisions. This material contains forward-looking statements about possible future results, based on assumptions and expectations, subject to risks, uncertainties and change at any time. Opinions expressed therein are solely those of Clough Capital. Clough Capital is an investment adviser registered with the U.S. Securities and Exchange Commission (the “SEC”). Registration with the SEC should not be construed as an endorsement or an indicator of investment skill, acumen, or experience.

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ETF Disclosures:

Investors should consider the investment objectives, risks, charges and expenses of the Clough Hedged Equity ETF and Clough Select Equity ETF (each an “ETF” and collectively, the “Clough Capital ETFs” or the “ETFs”), which are managed by Clough Capital Partners L.P. ("Clough Capital"), carefully before investing. This and other information are contained in the ETFs’ prospectuses, which may be obtained by clicking here. Please read the prospectus carefully before you invest.

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The Clough Capital ETFs are distributed by Paralel Distributors LLC. Clough Capital is not affiliated with Paralel Distributors LLC.

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