Risk Disclosure

Market risk

The value of a market-linked investment moves with the market and can fall, sometimes sharply and for extended periods. There is no assurance that the value will recover within any particular period, or at all.

No assurance of returns

Returns are not guaranteed. Past performance may or may not be sustained in future, and should not be relied upon as an indication of future results.

Inflation risk

An investment that earns less than the rate of inflation loses purchasing power over time, even where the nominal amount does not fall.

Credit and interest rate risk

Debt investments carry the risk that an issuer fails to pay interest or repay principal, and the risk that the value of a holding falls when interest rates rise.

Liquidity risk

Some investments cannot be redeemed quickly, or can only be redeemed at an unfavourable price. Certain products carry lock-in periods imposed by scheme terms or by law.

Concentration risk

A portfolio concentrated in a single security, sector, theme or asset class is more exposed to events affecting that segment.

Risks specific to PMS

Portfolio Management Services are subject to eligibility requirements and minimum investment thresholds prescribed by regulation. Portfolios may be concentrated, performance varies between investors, and returns are neither assured nor guaranteed. Fees and charges reduce returns.

Risks specific to AIFs

Alternative Investment Funds may involve higher risk, limited or no liquidity, extended lock-in periods, capital call structures and minimum investment requirements prescribed by regulation. Valuations may be infrequent. Offer documents, risk factors and eligibility criteria must be reviewed carefully before any commitment.

Risks specific to insurance products

Insurance products are subject to policy terms, conditions, exclusions and waiting periods. A claim may be declined if a policy condition is not met or if disclosure at the time of application was incomplete. Market-linked insurance products additionally carry investment risk borne by the policyholder.

Taxation risk

Tax rules, rates and holding period requirements change, and their effect depends on individual circumstances. Nothing on this website is tax advice.

Before you invest

• Read the scheme information document, key information memorandum or offer document in full.
• Check the product's risk level and its stated investment objective.
• Understand all costs, including ongoing charges and any exit load.
• Consider whether the time horizon matches the goal you have in mind.
• Be satisfied that you could bear a fall in value without being forced to exit.