Disclaimer

Last updated: August 2026

Everything published on this site, and every report delivered under an engagement, is research and general information. It is prepared for professional and institutional readers who make their own decisions.

Not investment advice

Nothing here constitutes investment advice, a personal recommendation, or an offer or solicitation to buy or sell any security or financial instrument. The research does not take account of the objectives, financial situation or particular needs of any individual reader. Kakde Research does not provide personalised regulated financial advice and is not authorised to do so.

No client relationship through this site

Reading this site, downloading a paper or submitting the enquiry form does not create a client or advisory relationship. An engagement begins only when a written scope has been agreed by both parties.

Sources and accuracy

Research draws on official statistics, regulatory and policy documents, filings and market data believed to be reliable at the time of writing. Sources are recorded and disclosed in each report. No warranty is given that third-party data is accurate or complete, and data is frequently revised after publication. Views expressed reflect the analysis on the date stated and are not updated as circumstances change unless an engagement provides for it.

Forward-looking statements

Research includes forecasts, projections and scenarios. These describe possible outcomes under stated assumptions. They are not predictions of what will happen, and outcomes will differ from them. Past performance of any market, asset or economy is not a guide to future results.

Your own decisions

Any decision taken after reading this research remains your own. Where a decision has regulatory, tax or legal consequences, take appropriate professional advice in your own jurisdiction before acting.

Independence and conflicts

The practice sells research and consulting and nothing else: no brokerage, no execution, no product distribution, no asset-management incentive, and no external capital. Fees are not contingent on conclusions. Where an engagement could create a conflict with published research, the engagement is declined or the conflict is disclosed in the deliverable. Any material conflict that arises on an engagement is disclosed to the client in writing.

Corrections and revisions

An error in the practice’s own analysis and a revision to the underlying source data are different events, and they are recorded differently. The corrections policy explains how each is handled, and the sources & data policy explains how data revisions are treated in the work itself.

Questions about anything on this page can go to inquiries@kakderesearch.com.