Erläuterung des Vier-Säulen-Modells für die All-Cap Opportunities Equity-Strategie

Risks – the following risks are materially relevant to the portfolio

• Currency – Currency exchange rate movements could reduce investment gains or increase investment losses.
• Issuer concentration – Issuer concentration risk may result in performance being more strongly affected by any business, industry, economic, financial or market conditions affecting those issuers in which the portfolio’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.

General Portfolio Risks

• Capital risk – The values of your investment will vary and is not guaranteed. It will be affected by changes in the exchange rate between the base currency of the portfolio and the currency in which you subscribed, if different.
• Equity – Equities can lose value rapidly for a variety of reasons and can remain at low prices indefinitely.
• ESG and sustainability – ESG and Sustainability risk may result in a material negative impact on the value of an investment and performance of the portfolio.
• 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 portfolio’s assets are concentrated.
• Hedging – Hedging measures involve costs and may work imperfectly, may not be feasible at times, or may fail completely.
• Investment portfolio – Investing in portfolios involves certain risks an investor would not face if investing in markets directly.
• Management – Management risk may result in potential conflicts of interest relating to the obligations of the investment manager.
• Market – Market risk may subject the portfolio to experience losses caused by unexpected changes in a wide variety of factors.
• Operational – Operational risk may cause losses as a result of incidents caused by people, systems, and/or processes.

 

 

IMPORTANT INFORMATION

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