| Risk of investing in Asia: Since the Fund invests in securities of Asian companies, 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. Besides, it may involve certain risks such as higher price volatility, less publicly-available information and liquidity risk. Insofar as the Fund invests in securities denominated in the currencies of different Asian countries other than the base currency of the Fund, changes in foreign currency exchange rates may affect the value of the Fund.Risk of investing in smaller markets : The trading volume on some of the markets through which the Fund may invest may be substantially less than in the world’s leading stock markets; accordingly the accumulation and disposal of holdings in some investments may be timeconsuming and may need to be conducted at unfavourable prices. Liquidity may also be less and volatility of prices higher than in the leading markets as a result of a high degree of concentration of market capitalisation and trading volumes in a small number of companies. As the Fund may invest in markets where custodial and/or settlement systems are not fully developed, the assets of the Fund which are traded in such markets and which have been entrusted to sub-custodians, in circumstances where the use of such sub-custodians is necessary, may be exposed to risk in circumstances whereby the Trustee will have no liability. 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.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. |