Potential investors should be aware that our funds may make investments in equities, bonds, money market instruments and other collective investment schemes on a global basis. Investors should be aware that there is no guarantee that investments bought by the funds will go up. The funds will also invest in currencies other than Sterling and as a result, the value of these investments may be adversely affected by fluctuations in exchange rates. The past performance of the funds is no guide as to future performance. As the price of units and the amount of income distributed or accumulated may go down as well as up, the manager has no obligation to redeem units at the subscription price originally paid.