Investment involves risks. You should note that the value of investments and the income derived from them may fluctuate and an investor may not receive back the amount originally invested. You should be aware that past performance is no indication of and no guarantee of future returns. Where an investment is denominated in a currency other than your base currency, exchange rates may have an adverse effect on the value, price or income of that investment.

Prospective investors should read in detail the offering documents or prospectuses of each of the funds, which contain information as to the selling restrictions applicable to any particular product and in particular the investment policies and the risk factors. It is your sole responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction. If in doubt, please seek independent financial and professional advice.

Any investment commentaries, research, analysis, opinion or views made represent an assessment of the market environment based on numerous assumptions and criteria at a specific point in time, and are based upon information considered to be reliable as at the date stated on the relevant webpage of the Site, and are subject to change without notice. Such information should not be regarded by investors as a substitute for the exercise of their own judgement or for the advice of their own professional advisers.

You should also note that, in the case of investments for which there is not a recognised market, it may be difficult for investors to sell their investment or to obtain reliable information about its value or the extent of the risks to which it is exposed. Changes in current rates of exchange or taxation may have an effect on the value, price or income of investments. Current tax rates and reliefs may change and the value of any relief depends on individual circumstances.