| Risk of investing in Asia Pacific (excluding Japan): Since the Fund invests in Asia-Pacific equities and debt securities, the value of the assets of the Fund may be affected by uncertainties such as changes in government policies, taxation, fluctuations in foreign exchange rates, the imposition of currency repatriation restrictions, social and religious instability, political, economic or other developments in the law or regulations of Asia-Pacific countries (excluding Japan). Besides, it may involve certain risks such as higher price volatility, less publicly-available information and liquidity risk. Credit risk:Investment in bonds or other fixed income securities are subject to the risk thatissuers not make payments on such securities. An issuer suffering from an adverse change in its financial condition could lower the quality of a security leading to greater price volatility on that security.Interest rate risk - The bonds or fixed income securities that the Fund invests in may fall in value if the interest rates change. Longer term debt securities are usually more sensitive to interest rate changes.Equities risk: The value of, and income derived from, equity securities held may fall as well as rise and the Fund may not recoup the original amount invested in such securities. The prices of and the income generated by equity securities may decline in response to certain events, including the activities and results of the issuer, general economic and market conditions,regional or global economic instability and currency and interest rate fluctuations.Risk of investing in REITs - The Fund does not invest directly in real estate and insofar as it directly invests in REITs, any dividend policy or dividend payout at the Fund level may not be representative of the dividend policy or dividend payout of the relevant underlying REIT. The relevant underlying REIT may not necessarily be authorised by the SFC in Hong Kong. Investment risk - There can be no assurance that the Fund will achieve its investment objective.There is no guarantee of the repayment of principal. The instruments invested by the Fund may fall in value. |