An Introduction to the Emerging Markets Discovery Equity Fund

Risks - the following risks are materially relevant to the fund:

Country (China) – Chinese investments may be subject to higher levels of risks such as liquidity, currency, regulatory and legal risks due to the structure of the local market.
Country (Russia and Ukraine) – Russian and Ukrainian investments may be subject to higher risks associated with custody and counterparties, liquidity, market disruptions, as well as strong or sudden political risks.
Currency – Currency exchange rate movements could reduce investment gains or increase investment losses.
Emerging markets – Emerging markets are less established than developed markets and therefore involve higher risks. Equity – Equities can lose value rapidly for a variety of reasons and can remain at low prices indefinitely.
Geographic concentration – Geographic concentration risk may result in performance being more strongly affected by any social, political, economic, environmental or market conditions affecting those countries or regions in which the fund’s assets are concentrated.
Small and mid-cap – Small and mid-size company stock prices can be more volatile than stock prices of larger companies.
Style – Style risk may impact performance as different investment styles go in and out of favour depending on market conditions and investor sentiment.

General Fund Risks

Conflicts of Interest – The investment manager’s obligations to a fund may potentially conflict with its obligations to other investment portfolios it manages.
Counterparty – Counterparty risk may materialise if an entity with which the fund does business becomes unwilling or unable to meet its obligations to the fund.
Custody – In the event that the depositary and/or custodian becomes insolvent or otherwise fails, there may be a risk of loss or delay in return of certain fund’s assets.
CyberSecurity – The fund may be subject to operational and information security risks resulting from breaches in cybersecurity of the digital information systems of the fund or its third-party service providers.
ESG – ESG integration as well as events may result in a material negative impact on the value of an investment and performance of the fund.
Inflation – Inflation may erode the value of the fund and its investments in real terms.
Investment fund – Investing in funds involves certain risks an investor would not face if investing in markets directly.
Market – Market risk may subject the fund to experience losses caused by unexpected changes in a wide variety of factors.
Market Liquidity – In extreme market conditions it may be difficult to sell the fund’s securities and it may not be possible to redeem shares at short notice.
Operational – Operational risk may cause losses as a result of incidents caused by people, systems, and/or processes.
Sustainability – Funds that seek to promote environmental and/ or social characteristics may not or only partially succeed in doing so.

 

IMPORTANT INFORMATION

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