The value of investments and any income from them may go down as well as up. Investors may get back less than the original amount invested and past performance information is not a guide to future performance.
The fund invests in assets which are denominated in other currencies; hence changes in the relevant exchange rate will affect the value of the investment.
The fund invests in a single sector, which offers the possibility of higher returns, but may involve a higher degree of risk compared to investments which spread investment risk through a variety of sectors.
Share price movements may have a greater effect on the overall value of these funds.
The fund invests in economies and markets which may be subject to less developed banking practices, and may not provide the same level of investment protection. Funds investing in emerging markets may involve a higher risk than those investing in developed markets.
The specialist nature of the Fund exposes it to particular environmental, economic, legislative and regulatory factors which may adversely affect the value of these investments.