Investment risk & currency risk: The value of an investment and any income from it can go down as well as up and can fluctuate in response to changes in currency and exchange rates. Investors may not get back the original amount invested.
Equities risk: Equities can lose value rapidly, can remain at low prices indefinitely, and generally involve higher risks — especially market risk — than bonds or money market instruments. Bankruptcy or other financial restructuring can cause the issuer's equities to lose most or all of their value.
Counterparty risk: The strategy could lose money if an entity with which it does business becomes unwilling or is unable to meet its obligations to the strategy.
Emerging market risk: Investments can be made in emerging markets. These markets may be volatile and carry higher risk than developed markets.
Derivatives risk: Investments can be made in derivatives, which can be complex and highly volatile. Derivatives may not perform as expected, meaning significant losses may be incurred.
Specialist Strategy Risk: Certain of the strategy’s investments may be more susceptible to foreign government policies, including tax incentives and subsidies, as well as political support for certain environmental initiatives and developments. Under certain market conditions, the strategy may underperform strategies that invest in a broader array of shares in global companies, for example, strategies that do not provide any screening of companies undertaking fossil fuel activities.
