Risk Considerations

1. Employing a flexible asset allocation approach, the Fund is actively managed and invests mainly in a diversified portfolio of income generating equities, bonds and money market securities, from issuers around the world, including emerging markets.
2. Investment in the Fund involves risks, including general investment risk, risks relating to dynamic asset allocation strategy, equity market risk, small and mid-capitalisation shares risk, risks associated with depositary receipts, emerging markets risk, exclusion criteria risk, risk associated with high volatility of equity markets in emerging countries, risk associated with regulatory/exchanges requirements of the equity markets in emerging countries and currency risk which may result in loss of a part or the entire amount of your investment.  
3. The investment in debt securities is also subject to credit/counterparty risk, interest rate risk, downgrading risk, credit rating risk, risk associated with high yield debt securities which are generally rated below investment grade or unrated, volatility/liquidity risk in emerging markets, sovereign debt risk, risk associated with investments in debt instruments with loss-absorption features and valuation risk. 
4. The Fund may use derivatives for hedging, efficient portfolio management and investment purposes or to create synthetic short positions in currencies, debt securities and credit indices and equities, and is subject to derivatives risk. Exposure to derivatives may also lead to a risk of significant loss to the Fund.
5. For Class Ax, dividend are paid on a discretionary basis. Dividend may be paid directly out of capital and/or effectively out of the capital of the share class by distributing all gross income prior to the deduction of any fees and expenses attributable to the share class.  Payment of dividends directly out of capital and/or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any such distribution may result in an immediate reduction of net asset value per share. This could also erode capital and constrain future growth.
6. The value of the Fund can be volatile and could go down substantially.
7. Investors should not invest in the Fund solely based on this website.